“Generally speaking, you’re seeing a diversification away from the US,” veteran investor and Bridgewater founder Ray Dalio tells Bloomberg’s Francine Lacqua. He also says central banks bought gold to diversify from fiat currencies such as the US dollar and the euro. Dalio speaks on Bloomberg Television at the World Economic Forum’s annual meeting in Davos, Switzerland.
00:00 – Capital war
01:59 – Diversification away from US, de-dollarization
02:53 – Historical parallels to 1971 breakdown, 2008, 2020
05:40 – Supply-demand of capital
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