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Ray Dalio says gold, non-fiat currencies will be stronger stores of value as U.S. debt mounts
Bridgewater founder Ray Dalio said Friday that gold and non-fiat currencies will become stronger stores of value as major currencies face devaluation risks amid mounting debt pressures globally. Speaking at the FutureChina Global Forum 2025, Dalio warned that the excessive spending and spiraling debt by the U.S. government has become “unsustainable” and that the world’s largest economy is facing a major fiscal crisis that will put its monetary order at risk. He added that all currencies risk losing their appeal as repositories of wealth when global governments appear reluctant to rein in excessive spending and ... (full story)
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