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 asset mix and you have a specific problem, the optimal portfolio is 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… although it is an effective diversifier. If you are neutral, you may have more than 10% in your portfolio. I would use this as an overlay His comments came as gold prices jumped to a record high on Tuesday on rising expectations for a September rate cut. Lower interest rates typically favor the non-interest-bearing precious metal, which rose 1.5% to $2,465.30. The previous high was $2,454.20 on the 20th. Dalio has been bullish on gold for several years as currencies depreciated and geopolitical tensions increased.
