| One principle that I’ve really learned is “Pain + Reflect = Progress.” |
Raymond Thomas Dalio is an American billionaire hedge fund manager and philanthropist who has served as co-chief investment officer of Bridgewater Associates since 1985. He founded Bridgewater in 1975 in New York. Within ten years, it was infused with a US$5 million investment from the World Bank's retirement fund.
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Will We See the U.S. Dollar Backed By Gold Again?
2025-08-05
The U.S. dollar used to be backed by gold — and it’s not farfetched to think we may be headed there again in the future.
History shows us that the same cycles repeat time and time again. One such cycle is related to currency devaluation.
Once people start to lose trust in the fiat system, we see a specific cause and effect reaction occur.
1) Governments print a lot of money
2) They pay off the debt with the cheap money
3) Nobody wants to hold the devalued currency
4) Governments go back and link money to gold
Will this same pattern happen again? It’s hard to say, and it wouldn’t happen anytime soon. But it is conceivable.
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