Ray Dalio’s hedge fund invests $400M in gold

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The two trusts that received Bridgewater’s investments are exchange-traded funds (ETFs). More gold is held around the world by ETFs than by central banks. Dalio has been a vocal proponent of investing in gold, telling CNBC in January during the World Economic Forum in Davos, Switzerland, that “cash is trash” and “a bit of gold is a diversifier” for investors.




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