Ray Dalio: "If You Don't Own Gold, You Know Neither History Nor Economics"
Ray Dalio: “If You Don’t Own Gold, You Know Neither History Nor Economics”
Tyler Durden’s pictureSubmitted by Tyler Durden on 05/14/2015 17:00 -0400
Bridgewater’s Ray Dalio explains in under 120 seconds why everyone should allocate some of their portfolio to gold:
“If you dont own gold…there is no sensible reason other than you dont know history or you dont know the economics of it…”
Of course, few ‘status quo’ believers will pay heed to the $150 billion AUM fund manager, despite his imploring everyone that to be successful, one must “Think Independently, Stay Humble”