Wall Street Manna

An irreverent look at Wall Street

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."


At October 1, 2010 at 12:34 PM , Anonymous 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

At October 1, 2010 at 12:51 PM , Anonymous 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!

At October 1, 2010 at 2:50 PM , Blogger Palmoni said...

My first target on gold was $1300.



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


I'm sticking with those targets!!

$1700 on gold!!!

At October 1, 2010 at 4:11 PM , Anonymous 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.

At October 1, 2010 at 4:51 PM , Anonymous Anonymous said...

what are good cheap gold stocks i can buy?

At October 1, 2010 at 5:31 PM , Anonymous Anonymous said...



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