Ray Dalio says today is like the early 1970s and investors should hold more gold than usual

Key Points

Ray Dalio, founder of one of the world’s largest hedge funds, believes investors should allocate as much as 15% of their portfolios to gold.
The precious metal surged to an all-time high above $4,000 an ounce on Tuesday.
Dalio said gold stands apart as a hedge in times of monetary debasement and geopolitical uncertainty.

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