Ray Dalio is now praising the benefits of bullion ... and he's not the only hedge-fund heavyweight doing that
Ray Dalio is jumping on the gold bandwagon. That’s ultimately the take-away of a nearly 7,000-word screed by the founder of Bridgewater Associates posted Wednesday on LinkedIn.
The upshot of Dalio’s prolix “Paradigm Shifts” post: “For this reason, I believe that it would be both risk-reducing and return-enhancing to consider adding gold to one’s portfolio. I will soon send out an explanation of why I believe that gold is an effective portfolio diversifier.” Prices for the most-active contract posted their highest finish since May 14, 2013, FactSet data show.
Dalio isn’t the only hedge-fund heavyweight touting the benefits of bullion. Famed investor Paul Tudor Jones declared gold his favorite bet for the next year or two. “I think one of the best trades is gonna be gold. If I had to pick my favorite [bet] for the next 12 to 24 months, it’d probably be gold,” he said during a recent Bloomberg Markets interview.
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