Ray Dalio

It's the...

beginning of the end of the monetary system as we know it.

It's not just the US dollar, it's the fiat monetary currencies.

So the UK, the Euro, Japan, China all have similar debt problems and so on, and are dealing with the same interrelationships.

which is the reason you're seeing gold being chosen by the central banks.

They want a currency.

Gold has always been the main currency, and it's the only non-fiat currency, in other words, not the currency that can't be printed, that they want.

And so that's why you're seeing central banks move and sovereign wealth funds move to gold, and that's the nature of the shift of the monetary system.

That's right. Every painful experience is a learning lesson. Yes.

That's right. Every painful experience is a learning lesson. Yes.

That's right. Every painful experience is a learning lesson. Yes.

There's an amount of money that is good. What's that amount? Look, why money? Why money has to do with, is money something that brings your family security? It's freedom, freedom of choice. It's power to do the things you want to. You can have a dream and you can build it out. Money brings you all of that. It can bring you health. It can bring you many, many wonderful things, okay?

There's an amount of money that is good. What's that amount? Look, why money? Why money has to do with, is money something that brings your family security? It's freedom, freedom of choice. It's power to do the things you want to. You can have a dream and you can build it out. Money brings you all of that. It can bring you health. It can bring you many, many wonderful things, okay?

There's an amount of money that is good. What's that amount? Look, why money? Why money has to do with, is money something that brings your family security? It's freedom, freedom of choice. It's power to do the things you want to. You can have a dream and you can build it out. Money brings you all of that. It can bring you health. It can bring you many, many wonderful things, okay?

As it starts to be status or showing things off, insecurity, feeding it, that's not healthy. I believe that's not healthy. And I think people can get hung up on that. In my view, I think people really have to make sure it's not a reflection of an unhealthy state of mind or an unhealthy pursuit as much as it is the security, the freedom, and then the ability to savor things.

As it starts to be status or showing things off, insecurity, feeding it, that's not healthy. I believe that's not healthy. And I think people can get hung up on that. In my view, I think people really have to make sure it's not a reflection of an unhealthy state of mind or an unhealthy pursuit as much as it is the security, the freedom, and then the ability to savor things.

As it starts to be status or showing things off, insecurity, feeding it, that's not healthy. I believe that's not healthy. And I think people can get hung up on that. In my view, I think people really have to make sure it's not a reflection of an unhealthy state of mind or an unhealthy pursuit as much as it is the security, the freedom, and then the ability to savor things.

That's my own view about money. I'm into philanthropy. It gives me the power to be able to help and do things. These are wonderful things. So I'm not knocking money. It's a great, great, great thing. OK, but really, what is most fundamental? If you look at surveys done across countries of well-being, happiness. The happiest societies are not the rich societies.

That's my own view about money. I'm into philanthropy. It gives me the power to be able to help and do things. These are wonderful things. So I'm not knocking money. It's a great, great, great thing. OK, but really, what is most fundamental? If you look at surveys done across countries of well-being, happiness. The happiest societies are not the rich societies.

That's my own view about money. I'm into philanthropy. It gives me the power to be able to help and do things. These are wonderful things. So I'm not knocking money. It's a great, great, great thing. OK, but really, what is most fundamental? If you look at surveys done across countries of well-being, happiness. The happiest societies are not the rich societies.