RAY DALIO: There's one asset every portfolio must have

Business Insider CEO Henry Blodget speaks with Ray Dalio, the founder of Bridgewater Associates, the world’s biggest hedge fund. Dalio discusses his assertion that most portfolios should have gold allocated at 5-10%, if for no other reason than it’s a great diversifying asset. Following is a transcript of the video. 
Henry Blodget: You recommend that most portfolios should contain some gold.
Ray Dalio: Yeah, of course.
Blodget: Why? A lot of people think it's not