Billionaire Ray Dalio drops blunt message on gold

Core Viewpoint - Ray Dalio asserts that gold remains "the safest money" despite recent market volatility and pullbacks, indicating a potential shift towards a "capital war" globally [1][6]. Precious Metals Activity - Over the past month, gold and silver have shown resilience, with gold trading nearly 8% higher month-over-month, despite a previous all-time high of $5,608.35 in January [2]. - The recent fluctuations in gold prices are attributed to Fed-driven dollar strength, yet demand has persisted [2]. Investment Strategy - Dalio recommends allocating 5% to 15% of investment portfolios to gold, emphasizing its relevance amid market fragility [3]. - His views on gold are gaining traction as he continues to speak candidly after stepping down from leadership roles at Bridgewater Associates [7]. Gold Price Targets - Various financial institutions have set optimistic gold price targets for the end of 2026, with estimates ranging from $6,000 to $6,300 per ounce, indicating potential upsides of 9.5% to 27.8% [6]. Historical Performance Comparison - A comparative analysis of gold, bitcoin, and S&P 500 performance from 2020 to 2025 shows gold's compounded return at +192.7%, while bitcoin leads with +1,116.1% [8].