What is Dalio on Gold?

 Dalio on gold is the thinking of the billionaire that says bitcoin cannot take the place of gold. In his opinion bitcoins are just have a worth showpiece in your portfolio. Dalio on Gold believes at the level that he says “If you put a gun to my head, and you say you have only one choice then I will only choose gold. Ray Dalio spent a small amount of money to buy bitcoins and in his opinion, the investment in bitcoin is the reason just to add diversity to his portfolio. The Dalio on gold means that the gold in tangible form is more valuable as compared to the gold in digital form which is commonly known as cryptocurrency. He invests in gold because gold has a history of worth. Ray is become famous because of daily on gold while after his questioning on bitcoins in 2017 after that in this year he revealed that he owns bitcoins also just to add diversification in his portfolio while after increasing the worth of bitcoin he said “My goal is not anymore to be successful myself but just to try to pass along and then I’ll do the things like to do that for a year or two. And then I am done. 

Ray Dalio said bitcoin doesn’t have intrinsic value, meaning the assets lacks fundamental and objective worth. “There are so many things in a historical perspective that didn’t have intrinsic value and had perceived value and then it went hot and it become cold. It could be either way. 

Ray Dalio is the founder of Bridgewater associate founder more than 70 years old. Dalio on gold is a philosophy that says if you are investing in gold as compared to cryptocurrency then the risk of loss will become less. Dalio writes on LinkedIn “It’s time to look for assets that will do well in a reflationary environment that includes large liabilities coming due and ‘significance internal conflict between capitalist and socialists’, s well as “external conflict “.