Ray Dalio is jumping on the gold bandwagon. That is ultimately the take-away of a nearly 7,000-word screed by the founder of Bridgewater Associates posted on July 17 on LinkedIn.

The hedge fund luminary muses on monetary policy and the markets over the past 50 years and concludes that a raft of central bank money printing and a Federal Reserve joining a march toward a new zero-bound interest rates — and in many cases negative rates in European sovereign debt — are tantamount to a global “paradigm shift”.