This comes after he said investors should allocate as much as 15% of their portfolios to gold even as the precious metal surged to new all-time highs this week.

"Gold is a very excellent diversifier in the portfolio," Dalio said Tuesday at the Greenwich Economic Forum in Greenwich, Connecticut.

"If you look at it just from a strategic asset allocation perspective, you would probably have something like 15% of your portfolio in gold … because it is one asset that does very well when the typical parts of the portfolio go down."

Dalio took to social media on Wednesday to invite questions about gold as an investment.

His X post saw over 750 replies, with 1200 responses at the time of writing.

In a follow-up post on X, Dalio summarized his answers to the many questions and his views on the barbarous relic...

You seem to look at gold and the gold price differently from most people. How do you think about gold?

You're right. I think most people make the mistake of thinking of gold as a metal rather than as the most established form of money, and they think of fiat money as money rather than debt and they think that fiat money will be created to prevent debt defaults. That's because most people have never lived with gold being the most fundamental money, and they haven't studied the debt-gold-money cycles that have occurred in almost all countries over almost all time. However, anyone who has seen gold-money and debt-money evolve over time has a different view.  In other words, to me gold is money like cash—over time, it has had about the same real return (1.2%)—because it doesn't produce anything. But like cash, it has buying power that can be used to create money that is borrowed and enable people to do things like build money-making businesses that are owned via stocks. If those stocks are solid and produce the cash needed to pay back the loans, then of course the stocks are better. When they can't pay back the loans and fiat money is printed to prevent the default problems, then non-fiat money (gold) is most valued. So, to me, gold is money like cash, except unlike cash it can't be printed and devalued. It's a good diversifier to stocks and bonds when bubbles pop and/or when people and countries don't accept each other's credit, like in wars.

In other words, to me gold is the most sound fundamental investment rather than a metal. Gold is money like cash and short-term credit, but unlike cash and short-term credit which creates debt, it settles transactions—i.e., it pays for things without creating debt and it pays off debt.