Billionaire Ray Dalio delivers blunt message on gold

Billionaire Ray Dalio feels the statement betwixt gold and bitcoin has a wide winner.

In his opinion, the precious metallic remains the eventual harmless haven, portion bitcoin mostly behaves similar a hazard plus alternatively than a existent store of value.

Dalio, speaking connected the All-In Podcast, argued that investors can’t dainty the 2 fashionable assets arsenic interchangeable hedges, CoinDesk reported.

He said golden inactive occupies a remarkably unsocial relation successful the planetary fiscal strategy that bitcoin cannot replicate astatine this point.

For perspective, per GoldPrice.org’s latest disposable closing terms connected March 7, golden traded astatine $5,170.48 per ounce, oregon astir $166.23 per gram. As per the aforesaid source, silver was trading astatine $84.36 per ounce, oregon astir $2.71 per gram.

At the clip of writing, bitcoin traded astatine about $66,037.

However, implicit the past month, the inclination has been remarkably volatile, with Reuters reporting Bitcoin dropping arsenic debased arsenic $63,295.74 connected Feb. 5, and past rebounding to $73,777 connected March 4.

I past wrote astir Dalio erstwhile his hedge fundBridgewater, from which helium has present retired, made a conviction-driven summation to Nvidia, expanding its involvement by astir $253 cardinal to $721 cardinal at year-end.

The halfway thought down that bargain was that, contempt the caller choppiness successful the AI bellwether’s stock, Bridgewater inactive treated it arsenic a captious pillar of the AI infrastructure buildout, on with different halfway tech bets, including Oracle and Micron.

On golden specifically, successful my Feb. 5, 2026, piece, I covered Dalio’s blunt instrumentality connected the shiny yellowish metallic from the World Governments Summit successful Dubai.

Even aft the wobbles astatine the time, Dalio laid retired the lawsuit for golden being “the safest money.” He widened the lens further, informing that we are globally moving person to a “capital war,” a clip erstwhile superior and currency go captious battlegrounds.

“There is lone 1 gold,” Dalio said.

That punchy instrumentality reflects Dalio’s broader worldview astatine the time, pointing to a planetary fiscal strategy entering a much volatile phase, arsenic accepted hedges go progressively important.

• 1 month/30 days:
  Bitcoin: -2.59% S&P 500: -2.77% Gold: +4.18%

• 6 months:
  Bitcoin: -39.28% S&P 500: +3.99% Gold: +39.46%

• 1 year:
  Bitcoin: -22.26% S&P 500: +17.45% Gold: +74.34%

• 5 years:
  Bitcoin: +32.40% S&P 500: +75.43% Gold: +200.85%

• Longest dated play shown:
  Bitcoin (10 years): +16,207.23% S&P 500 (10 years): +237.00% Gold (20 years): +816.17%

• Source: Goldprice.org, Seeking Alpha

Dalio believes that though golden and bitcoin are often grouped unneurotic and treated arsenic competing harmless havens, the marketplace treats them otherwise erstwhile things spell south, Business Insider reported.