Investing icon Ray Dalio defends gold as the 'safest money' even after its big plunge

Cătălin Roșioru

For Ray Dalio , gold hasn't lost its shine. While many metal investors are likely still shaken by gold's 12% plunge last Friday, the famed hedge fund founder said he wasn't fazed by gold's big drop . That's because bullion is still a safe-haven asset, Dalio said, making the case for why gold should still be a part of investors' portfolios at the World Governments Summit on Wednesday. Speaking at the conference in Dubai, the Bridgewater founder noted that gold was still held in large amounts by

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