[Dalio: Sanctions War is Weakening Fiat Currencies, Gold Will Rise Due to Order Collapse] Bridgewater Associates founder Ray Dalio stated that history and logic clearly show that sanctions reduce demand for fiat currencies and their denominated debt, thereby supporting gold. Throughout history, when this happens to major global powers and their reserve currencies, the global monetary order is inevitably weakened. As a non-fiat currency that can still be safely held and widely accepted, the holdings and price of gold will rise.