Gold Buyers = Dalio, Gross, Soros and Paulson

On one side, you have gold haters, such as Joe Weisenthal and Bruce Bartlett

On the other side, you have major money players all plowing into gold. FT

Gold price surges close to $1,800 mark - FT.com

“I think gold should be a part of everybody’s portfolio,” said Ray Dalio of Bridgewater Associates, the world’s largest macro hedge fund manager, in a recent CNBC interview. “We have a situation now when you have too much debt. Too much debt leads to the printing of money to make it easier to service. All of those things mean that some portion should be in gold.”

Bill Gross of Pimco, the world’s largest bond fund manager, this week warned that if the US did not address its budget deficit “bonds would be burned to a crisp and stocks would certainly be singed”. He concluded: “Only gold and real assets would thrive.”

Other high-profile investors including George Soros and John Paulson have recently added to their gold holdings, according to regulatory filings.

“A lot of people outside the market are saying this is too big a story, you’ve just got to be in gold,” said Jon Spall, head of precious metals sales at Barclays. “One of the things you really could see propel gold is if those people who have been sceptical say, OK, I’ve just got to be in this market.”

On Friday, gold prices hit a new 11-month high of $1,795 a troy ounce.