New Delhi, Dec. 23 -- Ray Dalio, billionaire investor and founder of hedge fund Bridgewater Associates, remains bullish on gold, recommending a 5-10% allocation in an investor's portfolio to the bullion despite the sharp over 70% surge in prices in over a year.

Gold prices jumped to a record high in Tuesday's trade (December 23) to a high of Rs.1,38,381 per 10 grams on the MCX amid escalating US-Venezuela tensions and a decline in the dollar index. In the international market, too, gold rallied over 1% to trade just below $4,500 an ounce.

An individual and most investors should have between 5% and 15% of their portfolio in gold or an alternative money, Dalio told Nikhil Kamath in the latest episode of his WTF podcast on Sunday. When que...