Ah, Jeffrey Gundlach, the self-proclaimed “Bond King,” strikes again, this time with the golden truth. The CEO of DoubleLine Capital, in all his financial wisdom, has revealed that gold’s meteoric rise since November 2022 is merely a glimpse of what’s to come. Yes, folks, this shiny metal has yet to reach its peak – it’s just getting warmed up!
In his latest CNBC interview (because, why not, we all love some dramatic financial predictions), Gundlach explained how investors are flocking to gold as if it were some kind of lifeboat during a storm. But this isn’t just any storm – it’s the one caused by President Trump’s tariffs. Oh, the drama!
Apparently, gold isn’t just some shiny trinket; it’s now the undisputed “true monetary asset” that will carry us through the uncertainties of the modern world. No counterparty risk, no unnecessary volatility. Just pure, sparkling monetary security. Like the sweet embrace of a trusted old friend. And you know what else? Gundlach predicts a new all-time high for this golden treasure.
“The one thing that hasn’t had much volatility is gold. Gold broke out above $2,000 and went to $3,000… I think that’s telling us something. I think that’s telling us that we’re in a regime where gold is no longer a speculation for short-term traders or for survivalists as a long-term hold. “
“I think people are viewing gold as an asset class out of fear of the turmoil that’s going on geopolitically with the tariffs and everything else and just the amount of debt that exists – that people wonder how are we going to deal with it. “
“So gold is the true monetary asset. I still think gold is headed to $4,000.”
Oh, and let’s not forget the current state of gold. As of now, it’s trading at $3,275 – a juicy 102% increase from its low of $1,616 back in November 2022. Just last month, it touched an all-time high of $3,500. You do the math, folks. It’s only going up from here!
Now, while Gundlach is throwing all his chips on gold, he’s not exactly fond of the US stock market. In fact, he boldly predicted that the S&P 500 would plummet to 4,500 points. A more “sustained bottom,” he calls it. Oh, the optimism!
As of Friday’s close, the S&P 500 is happily dancing at 5,659. Looks like Gundlach’s crystal ball might need a little polishing.
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2025-05-12 20:25