Investing icon Ray Dalio defends gold as the 'safest money' even after its big plunge

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• Ray Dalio still thinks gold is the "safest money" even after last week's plunge.
• The billionaire investor said the haven status of the metal didn't change "by the day."
• He flagged bullion's large presence in central bank reserves, which suggests institutional trust.

For Ray Dalio, gold hasn't lost its shine.

While many metal investors are likely still shaken by gold's 12% plunge last Friday, the famed hedge...