Once upon an economy, in a galaxy not too far away, the founder of Bridgewater Associates – yes, that Bridget of the financial galaxy – Ray Dalio, decided to drop a bombshell that’s more or less a fancy way of saying, “Hey, just so you know, we might have to go back to gold because, frankly, fiat money seems to be doing a pretty good impression of a chocolate fireguard.” 🍫🔥
In a tweet, which is trendy, Ray laid out the usual cyclical dance of currencies, which, if you’re a gambler or just a glutton for punishment, you’ll find remarkably repetitive. It’s sort of like groundhog day, but with more inflation and fewer cute rodents.
He points out that historically, currencies have a habit of devaluing themselves into obscurity, only to be rescued by the shiny, somewhat less deceptive gold. Apparently, gold is like that one friend who never loses faith, no matter how many times the economy goes off the rails.
Says Dalio (with the enthusiasm of someone who’s read one too many history books):
“The U.S. dollar used to be backed by gold – and it’s not far-fetched to think we may be headed there again in the future.” 💰✨
And if you think that sounds exciting, he’s got a conspiracy-layered theory that the cycle involves governments printing money faster than a toddler in a candy store, before eventually being forced to dust off the old gold standard like it’s some sort of nostalgic fad.
He elaborates:
“History shows us that the same cycles repeat time and time again. One such cycle is related to currency devaluation.”
Which, considering recent political antics and some incessant money-printing, makes you wonder if we’re just living in an endless rerun.
He warns that if trust in fiat collapses, the sequence of events will be as follows:
- Governments print a lot of money-probably enough to buy the moon (or at least a decent coffee).
- They pay off debts, which is a lot easier when your currency is as valuable as a chocolate teapot.
- People realize, “Hey, this paper is worth less than the toilet paper I just used,” and start looking for shiny things.
- And lo and behold, the gold rush resumes, because humanity’s obsession with shiny objects is apparently eternal.
Will all this happen again? Well, as Dalio sagely notes, it wouldn’t happen tomorrow-probably not even next week. But, you know, no promises. And the whole thing might just be a theory, unless, of course, history has a penchant for rewriting itself, which it does.
Meanwhile, Dalio suggests that if you’re planning to hedge against this rolling crisis, you might want to humor the ancient and the digital alike-say, 15% of your fortune in gold or Bitcoin. Just in case your other investments decide to exit stage left, too.
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2025-08-05 23:13