Billionaire Ray Dalio warns of a looming economic crisis in the U.S., comparing the situation to an “economic heart attack.” He suggests investing in non-government-produced assets like gold and bitcoin, which have historically performed well during economic turmoil. Gold has surged 60% in the past year and 750% in the last 20 years.

Dalio advises diversifying investments into assets like gold and bitcoin due to mounting debt and deficit problems not unique to the U.S. He recommends underweighting debt assets like bonds and overweighting gold and a bit of bitcoin for a safer investment strategy. These assets provide insulation from market volatility and currency devaluation.

While gold has proven to be a reliable investment during tumultuous times, cryptocurrencies like bitcoin offer similar benefits. However, bitcoin’s price recently dropped by 30% from its all-time high due to Federal Reserve Chair Jerome Powell’s remarks on rate cuts. Bitcoin’s high risk makes it a more volatile investment compared to traditional assets.

For those looking to enter the crypto market, platforms like Robinhood Crypto offer a user-friendly option to buy and sell crypto with minimal investment. Robinhood provides the lowest trading costs in the U.S., allowing users to potentially earn up to 2.6% more crypto compared to other platforms. Bitcoin and gold align with Dalio’s strategy of investing in uncorrelated assets for a diversified portfolio. Renowned investor Ray Dalio advocates for a diversified investment strategy to reduce risk. Fine art, like post-war and contemporary pieces, offers unique returns uncorrelated to traditional equities. With platforms like Masterworks, investors can buy fractional shares in multimillion-dollar artworks for potential portfolio diversification.

While Dalio’s advice is valuable, consulting a financial advisor before making investment decisions is crucial. Vanguard research shows advisors can add about 3% to net returns over time. If in need of a qualified advisor, platforms like Advisor.com can match you with fiduciary advisors who act in your best interests.

Investing in fine art through platforms like Masterworks can offer unique portfolio diversification and potentially high returns. With pieces by artists like Banksy and Picasso yielding net annualized returns up to 17.8%, art can be a valuable addition to a well-rounded investment strategy. 1. President Biden signs executive order to promote competition in the US economy, targeting industries like tech, healthcare, and agriculture. The order aims to lower prices for consumers and increase wages for workers by limiting corporate consolidation and promoting fair competition.

2. Tokyo Olympics bans all spectators from venues due to surging COVID-19 cases in Japan. The decision comes as a disappointment to fans and athletes, but officials prioritize public health and safety. Athletes will compete in empty stadiums and venues during the games.

3. Jeff Bezos steps down as CEO of Amazon, transitioning to the role of executive chairman. Andy Jassy, former head of Amazon Web Services, takes over as CEO. Bezos founded Amazon in 1994 and grew it into one of the world’s largest and most influential companies.

4. Delta variant becomes dominant strain of COVID-19 in the United States, accounting for over 51% of new cases. Health officials warn that the variant is more contagious and can lead to more severe illness. Vaccination remains the best defense against the virus.

5. Climate change intensifies in the Arctic as Siberia experiences record-breaking heatwaves. Temperatures in the region reach up to 118 degrees Fahrenheit, causing wildfires and melting permafrost. Scientists warn that the Arctic is warming at twice the rate of the global average.

Read more at Yahoo Finance: Ray Dalio issued a stark warning to Americans. Here’s the assets he likes for protection