In an interview at the World Government Summit in Dubai, Ray Dalio stated that the world is nearing the brink of a capital war, with funds being weaponized and countries engaging in a game of trade embargoes, blocking access to capital markets, and leveraging debt. Dalio pointed out that European investors holding dollar assets are worried about sanctions, while the US is concerned about a halt in European capital inflows. History shows that capital wars are often accompanied by foreign exchange and capital controls, and sovereign wealth funds and central banks are already preparing for this. Furthermore, Dalio believes that gold remains the best choice for storing funds and is an effective tool for coping with economic downturns and diversifying risks, advising investors to maintain a fixed proportion of gold in their portfolios. (Jinshi)