Billionaire Ray Dalio delivers blunt message on gold

Group 1 - Ray Dalio asserts that gold remains the ultimate safe haven asset, while bitcoin behaves more like a risk asset, indicating that they should not be treated as interchangeable hedges [1][8] - Gold's price as of March 7 was $5,170.48 per ounce, while bitcoin was trading at approximately $66,037, highlighting the significant price differences between the two assets [2] - Over the past month, bitcoin experienced volatility, dropping to $63,295.74 and rebounding to $73,777, contrasting with gold's more stable performance [2] Group 2 - Dalio's hedge fund, Bridgewater, increased its stake in Nvidia by nearly $253 million, viewing it as a critical component of AI infrastructure, alongside other tech investments [3] - Dalio previously emphasized gold as "the safest money" and warned of a potential "capital war," suggesting that traditional hedges like gold will become increasingly important [4][5] - In terms of returns, gold outperformed both bitcoin and the S&P 500 over various time frames, with gold gaining 39.46% over six months and 74.34% over one year, while bitcoin saw declines of 39.28% and 22.26% respectively [6][9]