Ray Dalio, Bridgewater founder, warned of a looming U.S. fiscal crisis driven by unsustainable debt, potentially devaluing major currencies. He advocates for diversifying investments, including 10% in gold, due to the risk of global currency devaluation. Dalio highlighted a supply-demand imbalance in the debt market and noted gold's increasing role as a reserve currency. Ng Kok Song echoed concerns about unsustainable debt levels in multiple countries, including the U.S., France, Japan, and China.

Prepared by Christopher Adams and reviewed by editorial team.