Why Ray Dalio says gold is the safest money

Ray Dalio, founder of Bridgewater Associates, asserts that gold is the most secure form of money, citing its resilience throughout history and across various currency systems. He contrasts gold with both hard-asset-backed and fiat currencies, noting that both eventually falter under debt and political pressures. Unlike fiat currencies, gold cannot be devalued or confiscated, offering a tangible asset independent of central bank control. Dalio’s perspective is particularly noteworthy as he has previously advocated for Bitcoin as a hedge, but in this instance, focuses solely on gold's established role as the second-largest global reserve currency. He points to the dollar’s significant loss of purchasing power since leaving the gold standard in 1971, while gold has maintained its value. Dalio recommends a 5-15% gold allocation in investment portfolios as insurance against economic crises and excessive government spending, despite Bitcoin's potential.

(Source：CryptoSlate)