Ray Dalio Explains Gold v. Fiat Currencies
Principles by Ray Dalioยท2025-09-23 17:06
Currency Devaluation - Fiat currencies, including major currencies, are expected to decline in value [1][2] - This devaluation is anticipated to be similar to the 1970s or 1930s, where fiat currencies devalued collectively [1][2] - The decline is relative to hard currencies, specifically gold [2] Gold as a Reserve Currency - Gold is now the second-largest reserve currency [2] - The ranking of reserve currencies is: US dollar, gold, euros, yen, and so on [2]