Ray Dalio, founder of Bridgewater Associates, has expressed a bullish outlook on gold and non-fiat currencies, citing the increasing U.S. debt as a key factor. According to Dalio, as reported by CNBC, the growing debt levels could lead to a depreciation of fiat currencies, thereby enhancing the appeal of alternative assets like gold and cryptocurrencies. Dalio's comments come amid ongoing concerns about fiscal sustainability and monetary policy impacts on traditional currency values.
Ray Dalio Predicts Strengthening of Gold and Non-Fiat Currencies Amid Rising US Debt
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