Ray Dalio says investors should take heed of the 1970s and increase their gold holdings
- Ray Dalio urged investors to allocate around 15% of their portfolios to gold, calling it a strong hedge against credit-dependent assets and a key protector of real returns. Speaking at the Greenwich Economic Forum, the Bridgewater Associates founder said the metal’s surge reflects a global shift away from debt assets and fiat currencies, reminiscent of the 1970s. It comes after Citadel CEO Ken Griffin warned gold’s rally signals investor unease with U.S. sovereign risk and growing efforts...