Ray Dalio: Suggests Buying Gold as the Global Monetary System Is Collapsing

BlockBeats News, January 23 — Ray Dalio, founder of Bridgewater Associates, stated at the World Economic Forum in Davos that the global monetary order is collapsing. The US and its allies are losing trust in each other, and he recommends buying gold.

In the past, people used fiat currency and bonds as “piggy banks,” but central banks around the world are beginning to suspect that these “banks” might be a “mine,” and by 2025, the highest gains will not be from tech stocks but from gold. The US market’s performance has also started to lag behind overseas markets, and the world is entering a capital war. The rise behind gold is not just a number, but a face-off between US debt holders and the US constantly printing dollars. The US fears that dollar assets will be sold off, while US debt holders are uneasy about the Fed’s endless money printing. It’s time to consider what to do if, in the future, no one is willing to buy US debt anymore.