Dalio's latest advice: allocate 5% to 15% of your portfolio in gold to hedge against uncertainty

Golden Finance reports that on April 28th, Ray Dalio, founder of the world’s largest safe-haven fund Bridgewater, recently advised that due to the high uncertainty caused by the Iran war, investors should allocate 5% to 15% of their portfolios to gold.
The Iran war has entered its ninth week, and the world faces various uncertainties. Dalio pointed out that a major concern globally is whether the United States can win this war, while also mentioning domestic pressures in the U.S. such as rising oil prices, the upcoming summer travel peak, and midterm elections. Additionally, he hopes to keep the conflict relatively short. Another key issue is who will ultimately control the Strait of Hormuz.
Dalio also noted that with the recent increase in the use of the renminbi in international transactions, along with U.S. sanctions and changes in global trade, the market’s understanding of “what is money” is changing. He believes it is very important to understand that gold is a form of currency; it is the oldest currency and the second-largest reserve currency held by central banks worldwide. He added that gold also has asset diversification functions, which are especially advantageous for gold’s performance in such an environment. (Dongxin News Agency)