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

https://westfaironline.com/127514/ray-dalios-hedge-fund-invests-400m-in-gold/

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.