Per CNBC

Bridgewater Associates founder and billionaire investor Ray Dalio recently shared his thoughts on US government bonds, saying they were risky. He also shared how he would prefer stocks.

In an interview with CNBC's Squawk on the Street, Dalio gave a statement regarding the risk of Treasurys.

Dalio: "The risk is not measured in whether you pay back. Their only obligation is to give you money that they can print. History has shown repeatedly that when you are in that position where governments can't pay back, but their obligation is to pay back [what] the printing press can produce."

The billionaire investor also gave a statement regarding the Federal Reserve and how interest rates go up, more central banks start to print money.

Dalio: "If you get them to sell the bonds, then it's a real problem. So, because that means either interest rates go up a lot more central banks have to come in and print a lot. That's the thing that we have to be wary of."

Toward the end of April, Ray Dalio said that he preferred gold to Bitcoin, sharing how cryptocurrencies exhibited unpredictable price movements, which was why he favored gold as an investment. However, he did admit to owning a "little bit of" Bitcoin.

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