If You Don't Own Gold, You Don't Know History – Ray Dalio

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May 15, 2015

Gold is a currency, says Ray Dalio (Trades, Portfolio).

He owns gold and the reason why is that there is no sensible reason not to own gold.

Dalio says that if you don't own gold, you don't know history and economics. He thinks that 10% of an investor portfolio should be in gold.

He explains why: