Ray Dalio believes gold deserves a large portion of investment portfolios, saying the precious metal remains attractive even at all-time highs. “Gold is an effective diversifier, which means that if you take a classic portfolio and you have a specific problem, the best portfolio is of assets will exceed 10%. Dalio, founder of the world’s largest hedge fund Bridgewater Associates, believes that if investors have a fair view of the market, gold should account for more than one-tenth of the investment portfolio @GC.1 YTD mountain Gold. Futures “If you stay neutral, gold is an under-owned, relatively attractive asset right around the market highs,” he said. “People generally underestimate the weighting of including central banks…even though it is an effective diversifier. If you are neutral, you may have more than 10% in your portfolio. I would use this as Overlay. His comments came as gold prices jumped to a record high on Tuesday on growing expectations for a September interest rate cut. Gold futures rose 1.5% to $2,465.30 as lower interest rates typically benefit. Dalio has been bullish on gold for several years as currencies depreciated and geopolitical tensions increased.
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