Billionaire investor Ray Dalio says gold's rapid rally is a warning for markets and the economy

Roy Rochlin/Getty Images for Nicole Lapin

• Ray Dalio is concerned that gold's rally last year contains a warning for investors.
• The precious metal had its best year since the 1970s.
• But in Dalio's view, gold's rise and the weakening of fiat currencies are warning signs.

Ray Dalio spent 2025 expressing fear and urging caution, and he's remaining cautious as the US economy enters a new year.

The founder of Bridgewater Associates sounded alarms throughout...