Ray Dalio Warns of Banks Shying away from Fiat, Praises Gold Surging
Cointelegraph
Ray Dalio warned that the monetary order is breaking down, causing central banks to change how they handle fiat, favoring gold.Summary
Hedge fund manager Ray Dalio, speaking at the World Economic Forum in Davos, warned that the global monetary order is "breaking down." He stated that central banks are no longer holding fiat currencies and debt as a store of wealth in the same manner, leading to concern among both fiat holders and those who need it. Dalio highlighted that the gold market was the biggest mover last year, significantly outperforming tech markets, suggesting a shift in investor preference. His comments followed recent unpredictable economic policy threats by US President Donald Trump, whose policies Dalio previously suggested could be reversed in future elections.
(Source：Cointelegraph)