Billionaire investor Ray Dalio has raised concerns about the long-term stability of the U.S. dollar, pointing to historical cycles that could lead the country back to a gold-backed currency.
Ray Dalio Highlights Historic Pattern Of Currency Collapse And Recovery
On Tuesday, Dalio posted a video clip on X featuring his conversation with Carlyle Group co-founder and co-chairman David Rubenstein, where he discussed a recurring pattern in the evolution of global monetary systems.
“The U.S. dollar used to be backed by gold — and it’s not farfetched to think we may be headed there again in the future,” Dalio wrote. “History shows us that the same cycles repeat time and time again.”
In the video, Rubenstein asked Dalio whether the U.S. would ever return to the gold standard.
Dalio responded: “Presumably that’s right, but not if you watch these cycles that because you have the devaluation, then people feel don’t have confidence in the fiat system.”
US Debt, Inflation, And Loss Of Trust Could Pave Way For Gold-Backed Currency
Dalio explained that during periods of high debt, governments tend to print …