Core Viewpoint - The gold rally has reached a significant milestone, surpassing $4,000 per ounce, driven by its appeal as an inflation hedge and a safe haven amid macroeconomic and geopolitical uncertainties [1][6]. Investment Recommendations - Hedge fund legend Ray Dalio suggests that investors should allocate approximately 15% of their portfolios to either gold or bitcoin, which is considered a sensible allocation by investment professionals [2]. - David Miller, CIO of Catalyst Funds, recommends holding at least 15% of a portfolio in gold as a substitute for other fixed income assets, citing strong global demand, constrained supply growth, and historically low real yields as supporting factors for higher gold prices [3]. - Will Rhind, CEO of GraniteShares, believes a sizable allocation to gold remains a good bet despite record prices, although he is less bullish than Miller [3]. Portfolio Allocation Insights - For a diversified portfolio, typical allocations to gold range from 7% to 10%, depending on individual investment goals, risk tolerance, and economic outlook [4]. - Rhind emphasizes that a meaningful allocation to gold is necessary for it to impact portfolio performance, suggesting that a mere 1% allocation is insufficient [4]. - Some experts advocate for a slightly lower allocation, with Alexander Lis recommending a 5% allocation to gold as a valuable addition to a long-term portfolio of stocks and bonds [5].