Gold could go to $2,400 an ounce based on the fundamentals, even $4,000 on momentum.
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http://online.wsj.com/article/SB10001424052748704483004575524312198244500.html?
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Speaking to the University Club in New York, he said, first, that gold could go to $2,400 an ounce based on the fundamentals–and that momentum could carry it to $4,000 an ounce. Right now it’s around $1,300. Second, he said you should get out of bonds while you can: You’re much better off investing in blue chip stocks with good dividend yields than bonds.
And third, he said you should buy a home. Now.
“If you don’t own a home, buy one,” he reportedly said. “If you own one home, buy another one, and if you own two homes buy a third and lend your relatives the money to buy a home.”
(A spokesman for Mr. Paulson did not challenge the accounts of the meeting.)
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