Gold vs Treasuries: Dalio’s Investment Advice

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* Ray Dalio‘s Investment in Gold: In the first quarter of 2025, Ray Dalio’s fund, Bridgewater Associates, invested $319 million⁤ in SPDR Gold Shares (GLD).⁤ He later sold his remaining ⁣shares in the summer of 2025.
* Concerns about US Treasurys: Dalio believes US Treasurys are⁤ becoming riskier then previously thought. He points out that credit ratings don’t account for the risk of governments⁢ printing money to pay debts, which devalues the bonds.
* Debt Analogy: He compares the growing US debt to clogged arteries, suggesting that increasing interest payments will strain other areas of the economy and potentially lead to a slowdown (“heart attack”).
* Gold as a Safe Haven: Gold is presented as a historically reliable store of value, especially ‍during times of economic uncertainty. It’s seen as an investment without counterparty risk (not reliant on the stability of governments ⁣or banks).
* dalio’s reasoning: Gold is⁤ considered an asset that isn’t someone else’s ⁢liability, offering protection from governmental and central bank actions.