Ray Dalio doesn’t need much description, but his latest post (which can generally be summarized as: the party is changing tone, buy gold) gives one consideration.
Why just gold?
In theory, if dollar devaluation is the name of the game, then I would think that any natural resources that have future demand would be eligible for consideration – especially since most of these companies (thinking fossil fuels) have huge debt loads. The debt becomes cheaper due to the dilution of underlying currency, and the underlying commodity becomes more valuable in nominal terms.
The post would also suggest that the low rate environment will continue and asset prices will continue to be pushed higher (and yields lower) – hence, if cash is trash, leveraging via margin would be opportunistic (one could have made this argument right after the economic crisis as well).
I would also think firms with in-demand fixed infrastructure (e.g. wireless telecoms) will reasonably retain value in such an environment.
So buy BCE, Telus or Rogers then….