Saturday, 13 July 2013

The Motley Fool: Will Gold Hit $800 or $1,500 Next? Who Cares?

Gold bugs don't know what to do these days. Is gold going back up to $1,500, or will it fall back to $800 or even lower? The story seems to change by the day.

Head gold bug John Paulson must also be scratching his head after watching his gold fund -- which consists mostly of his own money -- fall 65% so far this year. The gold thesis is falling apart, and traditional stocks are now outperforming the long-term performance of gold, even after the precious metal's run-up.

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