Ray Dalio Tells Investors: "Don't Trade Against Pros Like Us, You Will Lose... Own Gold"

Submitted by Tyler Durden on 03/03/2016 - 17:27

"I want to just convey to investors, I think in the average investor, most everybody, do not compete against pros like ourselves or other people; do not making tactical asset allocation bets or moving around in the markets, because you will probably lose.... And also I think that gold at 5 percent of your portfolio, 5 percent or 10 percent of your portfolio, under the circumstances, would be also a prudent thing to do."