Hedge Fund King, Ray Dalio added another notable mark to an already widely discussed investing thesis on 21 September 2012 morning: He likes gold, seeing it as a useful hedge, and believes it deserves a place in a diversified portfolio.“I think gold should be a portion of everyone’s portfolio to some degree because it diversifies the portfolio. It is the alternative money,” Dalio said on CNBC this morning.
Gold has been cited as a hedge against inflation by other hedge fund managers, like Greenlight Capital’s David Einhorn, Paulson & Co.’s John Paulson and George Soros.
Dalio, who is widely considered the most powerful hedge fund manager in the world, the man behind the $120 billion Bridgewater Associates, who ranked first on FORBES’ list of top-earning hedge fund managers.
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