Ray Dalio on gold
Ray Dalio said investors should have 5-10% of their portfolio in gold in order to diversify and de-correlate assets, in an interview with Business Insider.
Dalio is doing the rounds now because he’s out with a book called ‘Principles’. I’m reading it and so far it has a few great nuggets on trading and investing. He talks about how when central banks jawbone, it’s a sign that they’re losing the battle against a currency rise.