Ray Dalio says today is like the early 1970s and investors should hold more gold than usual

Ray Dalio, the founder of Bridgewater Associates, said investors should allocate 15% of investors’ portfolios below their portfolios, even if they have increased to the highest level of precious metal.

“It is a very perfect diversification in the Golden portfolio,” the Greenwich Forum in Connecticut Greenwich. He said. “If you just look at the perspective of a strategic asset allocation, you will probably have something like 15% of your portfolio … Because it is a very good being when the typical parts of the portfolio fall.”

Gold -term transactions were finally traded at $ 4,005,80 per ounce. Among the financial deficits and increasing global tensions, prices have increased by more than 50% this year in the midst of flight to security.

The billionaire investor compared today’s environment with the early 1970s, when inflation, heavy government expenditures and high debt burdens eroded to paper assets and Fiat currencies.

“It looks very similar to the early 70s … Where do you put your money?” he said. He continued: “When you keep money and put it in a debt tool and when you have such a debt and debt vehicle supply, this is not an effective deposit.”

Dalio’s advice is opposed to the typical portfolio suggestions of financial consultants who say that they mostly keep stocks and some bonds in a division of 60-40. Alternative assets, such as gold and other goods, have usually suggested that any portfolio has a low single -digit percentage due to lack of income.

Jeffrey Gundlach, CEO of Doublele Capital CEO, recently proposed a high weight with gold because he believed that gold would continue to stand out behind inflationary pressures and behind a weaker dollar.

Dalio said he was separated as a gold fence during monetary debate and geopolitical uncertainty.

“Gold is the only entity that someone can hold, and you don’t have to trust someone else to pay your money,” he said.