credit risk
1 statements across 1 episodes · 0 bullish · 1 bearish · 1 people on the record · first statement Dec 20, 2025 by Ray Dalio · across every show →
Everything said about credit risk, oldest first
Dec 20, 2025 bearish
Dalio: Earning interest on gold-linked assets reflects credit risk, not ownership
“So what you're getting paid for is credit risk, right? So it's not gold. It's a promise to get your gold back, right? Then that's what money was. And that's why it would have an interest rate. You have an interest rate that on the promise to get your gold back…”