fiat money
1 statements across 1 episodes · 1 bullish · 0 bearish · 1 people on the record · first statement Dec 20, 2025 by Ray Dalio · across every show →
Everything said about fiat money, oldest first
Dec 20, 2025 bullish
Dalio: Gold is the only money without counterparty or confiscation risk
“Gold is the only money That you can have and nobody has to give you anything to have it. Other money, all other money is dependent on somebody giving you something. Okay. Whether they give you, and so it's unique in that it's confiscation risk is less than oth…”