Today in gold news, we learn that Ray Dalio apparently walks his own talk. Filings by Bridgewater Associates on Monday showed Bridgewater upped their holdings of SPDR Gold Shares by a factor of 7 in September. During that same time Bridgewater also tripled its holdings in iShares Gold Trust. Now that’s a lot of gold.
Dalio, who we mentioned in September after some famous LinkedIn posts, is well known for occasional “renegade investments” that usually turn out very well. Dalio founded Bridgewater Associates back in 1975, with some calling it the first of the modern hedge funds. With those credentials, you’d be wise to pay attention to whatever Mr Dalio is up to, and while it may yet be a bit early to go big into gold, you gotta admire the commitment.