How much gold should you invest? Billionaire investor Ray Dalio shares his advice because prices record is high at $ 4,000

The founder of the billionaire investor and founder of Bridgewater Associates, Ray Dalio, recommended that investors consider allocating up to 15% of their portfolios to gold, even if the precious metal reached a high of more than $ 4,000 per gram. “Gold is a very excellent diversifier in the portfolio,” Dalio said on Tuesday at the Greenwich Economic Forum in Connecticut. “If you just look at it from a strategic perspective on assets allocation, you would probably have something like 15% of your portfolio in gold … because it is an asset that does very well if the typical parts of the portfolio go off,” he added. Gold prices had a record. Comparison with the early 1970s Dalio compared the current environment to the early 1970s, when inflation, heavy government spending and high debt tax eradicated in paper assets and Fiat currencies. “It’s a lot like the early 70s … where do you put your money in?” He said. “If you hold money and put it in a debt instrument, and if there is such an offer to debt and debt instruments, it is not an effective store of wealth,” he suggested. Dalio’s recommendation differs from the usual portfolio advice given by financial advisors, suggesting that investors mostly hold shares and some effects in a 60-40 division. According to a report from CNBC, alternative assets, such as gold and other commodities, are usually suggested that a small single-digit rate of any portfolio is existed because it does not generate revenue. Doubleline Capital CEO Jeffrey Gundlach recently advised to award up to 25% of the portfolio to gold, citing inflationary pressure and a weakened dollar as reasons why he expects gold to remain prominent. Dalio said that gold serves as a hedging during periods of monetary dismantling and geopolitical instability. “Gold is the only asset anyone can like, and you don’t have to trust anyone else to pay your money,” he said.