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Friday, October 1, 2010

John Paulson: Buy a home and gold is going to $2,400

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."

6 comments :

Anonymous said...

what are your thoughts on GOLD? i was hoping for a pull back...sold my HL after it hit 5.75 but it just keeps going up

Anonymous said...

You think Paulson is just talking up his book? I see the Feds have no choice but to continue printing out those trillions of dollars each year...

Thanks for the estimates, now I don't think my excel was spitting out a silly number, LoL!

Palmoni said...

My first target on gold was $1300.


http://aaronandmoses.blogspot.com/2009/11/jesses-americain-cafe-touts-gold-to.html

http://aaronandmoses.blogspot.com/2009/10/where-did-gold-go.html

I then said after $1300 it goes to $1700.

http://aaronandmoses.blogspot.com/2009/12/iran-and-iraq-make-news-again.html

I'm sticking with those targets!!

$1700 on gold!!!

Anonymous said...

Jim Sinclair, Mr. Gold himself, has been calling for $1650 gold by Jan 2011 for years.

Looks like he just might get it.

Anonymous said...

what are good cheap gold stocks i can buy?

Anonymous said...

GBG