NEW YORK, NEW YORK – MAY 22: Ray Dalio, Founder and CIO Mentor, Bridgewater Associates speaks onstage during The Wall Street Journal’s 2024 The Future Of Everything Festival at Spring Studios on May 22, 2024 in New York City.
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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 borrowing — making gold and non-fiat…
