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Ray Dalio's unintended case for gold

There are few fund managers as smart as Ray Dalio, founder of Bridgewater Associates, a business with US$180 billion under management, and while he didn’t single out gold as an investment class for a changing world when speaking at a conference in Australia last week, he came awfully close.

Ray Dalio's unintended case for gold Ray Dalio's unintended case for gold Ray Dalio's unintended case for gold Ray Dalio's unintended case for gold Ray Dalio's unintended case for gold

For most people in Dalio's line of business, gold is either too exotic, too unpredictable, or simply too primitive to be given a prominent place in a portfolio of assets.