Why You Should Own Gold - Interview with Council on Foreign Relations

In this interview with the Council on Foreign Relations, Ray Dalio of Bridgewater Associates explains why gold is a currency.

Dalio adds, "If you don’t own gold... there is no sensible reason other than you don’t know history or you don’t know the economics of it."

"View [gold] in terms of an alternative form of cash. And also view it as a hedge against what the other parts of your portfolio are... In that context, as a diversifier... there should be a piece of that in gold."