Ray Dalio Warns Of 1970s-Style Currency Shock: All Fiat Money Will 'Go Down' As Gold Becomes 'Second Largest Reserve Currency' Behind The Dollar

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Billionaire hedge fund manager Ray Dalio issued a stark warning regarding the current state of global currencies, drawing historical parallels to the 1930s and 1970s. All Fiat Currencies Will ‘Go Down Together’ On Tuesday, in a post on X, the founder of Bridgewater Associates said, “Gold is now the second largest reserve currency, behind the US dollar,” emphasizing a major shift in the global monetary ord ...