5 Best Growth Stocks To Buy Now According To Billionaire Ray Dalio

1. SPDR Gold Trust (NYSE:GLD)

This isn’t really a growth stock you might think. However, it really is. Investors buy gold because they think its price in terms of US dollars will or could go up. It may go up a lot if printing trillions of dollars out of thin air to cover the budget deficits becomes the standard operating procedure of the Federal Reserve and the U.S. Treasury. Investors usually invest in gold as a hedge.

There were a total of 65 hedge funds with long GLD positions at the end of the third quarter. There are also other hedge fund managers who invest directly in physical gold, so the actual number of hedge funds that invest in gold is much higher. The total value of hedge funds’ GLD positions was nearly $3.5 billion. Ray Dalio has the largest position in GLD among all hedge funds tracked by Insider Monkey. Dalio’s GLD bet was worth $967 million.

Please see also 10 stocks billionaire Ray Dalio just bought and 10 stocks new Mets owner Steve Cohen is buying.

Disclosure: None.