"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's Ken Griffin warned gold's rally signals investor unease with U.S. sovereign risk and growing efforts to "de-dollarize.""
"Usually investors look to buy the dip-and when it comes to gold, even the most minor of drops are few and far between. Yet as the asset spun to new record highs this week, Ray Dalio's advice to speculators was to invest a substantial portion of their portfolio to the precious metal. Gold is traditionally seen as something of a safe harbor for investors: It is not tied to any one currency or nation, and has steadily increased in price over time."
Gold has surged past $4,000 per troy ounce, reflecting a global shift away from debt assets and fiat currencies reminiscent of the 1970s. Rising global debt, including the U.S. $37.8 trillion burden, is prompting central banks to increase gold reserves, signaling a change in the monetary order. Gold is not tied to any single currency or nation and offers lower-risk, steady appreciation, making it an effective diversifier that helps protect real after-tax returns. Institutional guidance on appropriate allocations varies from mid-single-digit percentages to heavier weightings around 15% to optimize portfolio protection.
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]