New Delhi, Jan. 22 -- Even as silver prices have outperformed gold in percentage terms in over a year, billionaire investor and Bridgewater Associates founder Ray Dalio remains firmly bullish on gold. He believes that gold is not a speculative trade, but a structural bet as the global monetary order is breaking down.

After outshining gold rates last year, silver price outperformance continues in 2026 as well on a month-to-date basis. Silver prices have risen 37% in the domestic spot market in January so far, as against a 16% rise in gold. Last year, both precious metals recorded their best gains since 1979.

According to Ray Dalio, the global monetary order, made up of fiat currencies and debt, as a store of wealth, is not being held by ...