Billionaire Ray Dalio Says Government Money Printing Could Lead to New Gold-Backed Currency Era

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Bridgewater Associates founder Ray Dalio is warning that the US may be forced to go back to a gold standard at some point in the future. In a post on the social media platform X, the billionaire says that historically, currencies go through cycles of devaluation that eventually end in being linked back to gold, something the US may not be able to avoid. Says Dalio, “The U.S. dollar used to be backed by gold – and it’s not far-fetched to think we may be headed there again in the future. History s...