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Dalio: The sanctions war is weakening fiat currencies, and gold will rise due to the collapse of order.
Jin10 data October 24th, Bridgewater founder Ray Dalio stated that history and logic clearly indicate that sanctions will reduce the demand for fiat currencies and their denominated debts, and support gold. Throughout history, when this situation occurs with the world's major powers and their reserve currencies, the global monetary order is inevitably weakened. Therefore, as a form of non-fiat currency that can still be held safely and is widely accepted, both the holdings and price of gold will rise.