Why do you hold a portion of your portfolio in gold instead of Bitcoin?
Replied byRay Dalio
Founder at Bridgewater Associates
Niche: Finance
Revenue: Not Publicly Disclosed/month
Location: Westport, Connecticut, United States
Started: 1975
I allocate about one percent to Bitcoin but prefer gold, which represents five to fifteen percent of my portfolio. Gold is the second largest reserve currency and carries no third-party liability. Governments can easily ban or tax Bitcoin if it threatens their control.
0
From the Full Interview
This answer is part of a full interview with Ray Dalio, Founder at Bridgewater Associates.
Share this Answer
Found this insight valuable? Share it with your network to help others learn from Ray Dalio's experience.
Cite This Answer
Use this answer in your research, article, or academic work
Related Answers
How did you protect your mental health to avoid burning out during your career?
By Nigel Morris
Finance
Not Publicly Disclosed/mo
How does your morning boxing routine help you keep your warrior spirit alive?
By Coen Jonker
Finance
Not Publicly Disclosed/mo
How would you describe your relationship with President Trump, and what are your thoughts on his policies?
By Bill Ackman
Finance
Not Publicly Disclosed/mo
How did you resolve your public dispute with Carl Icahn over your Herbalife short position?
By Bill Ackman
Finance
Not Publicly Disclosed/mo
What role did your early junior mining investments play in your career?
By Aaron Hoddinott
Finance
Not Publicly Disclosed /mo
How did your upbringing in a large military family influence your risk tolerance?
By Mike Novogratz
Finance
Not Publicly Disclosed/mo
How did your experience running Sahara marathons reshape your perspective on failure?
By Mike Novogratz
Finance
Not Publicly Disclosed/mo