Dalio Echoes Griffin in Seeing Gold as Safer Than the US Dollar

Bridgewater Associates Founder Ray Dalio says gold should make up about 15% of investment portfolios. He says the metal is an excellent portfolio diversifier. He speaks to Bloomberg’s Lisa Abramowicz at the Greenwich Economic Forum.Source: Bloomberg

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By Alexandra Semenova, Natalia Kniazhevich, and Lisa Abramowicz

October 7, 2025 at 4:56 PM UTC

Billionaire Ray Dalio said that gold is “certainly” more of a safe haven than the US dollar and the metal’s record-setting rally echoes the 1970s, when it surged during a time of high inflation and economic instability.

The remarks from Dalio — who founded the hedge-fund firm Bridgewater Associates — came during an appearance at a conference on Tuesday, when he was asked whether he agreed with the view of Citadel’s Ken Griffin that gold’s rise reflected anxiety about the US currency.