Ray Dalio on Gold

MODERATOR: Do you want gold?

 

DALIO: Oh, yeah. (Laughter.) I do. I think — well, I think anybody — let’s be clear that I think anybody who doesn’t have any — there’s no sensible reason not to have some — if you’re going to own a currency, if you don’t — it’s not sensible not to own gold. Now, it depends on the amount of gold, but if you don’t own, I don’t know, 10 percent in — if you don’t have that and then it depends on the world, then you — then there’s no sensible reason other than you don’t know history and you don’t know the economics of it. (Laughter.)

–from CFR.ORG