New Delhi, Oct. 8 -- Billionaire investor and Bridgewater Associates founder Ray Dalio recommended that investors consider allocating up to 15% of their portfolios to gold, even as the precious metal reached an all-time high exceeding $4,000 an ounce.
"Gold is a very excellent diversifier in the portfolio," Dalio said at the Greenwich Economic Forum in Connecticut on Tuesday.
"If you look at it just from a strategic asset allocation perspective, you would probably have something like 15% of your portfolio in gold . because it is one asset that does very well when the typical parts of the portfolio go down," he added.
The billionaire investor's remarks come at a time when the Gold futures in New York surged over its $4,000 per ounce mar...
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