PANews reported on October 24th that Ray Dalio, founder of Bridgewater Associates, stated that history and logic clearly indicate that sanctions reduce demand for fiat currencies and the debt they denominate in, supporting gold. Throughout history, when this happens to major world powers and their reserve currencies, the global monetary order inevitably weakens. Therefore, as a non-fiat currency that remains safe and widely accepted, gold holdings and prices will rise.
Dalio: Sanctions war is weakening fiat currencies, and gold will rise as order collapses
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