The Bond King has been touting gold since 09/12 ($1800) and 01/13 ($1660) and right now ($1360). @PMICO Minutes ago, the Bond King just tweeted: Gross: OK, so I made a bad call at the Barronâs Roundtable. I would still buy gold here. World reflating. 2:15 PM - 15 Apr 13 In case you missed it, here's an excerpt from Barron's (from January, 2013): ...The real risk to the financial markets is the marginal proclivity of investors to put their money in real assets, or under the mattress. Thus, my first recommendation is GLD -- the SPDR Gold Trust exchange-traded fund. It has a fee, but it is an easy way for investors to buy a real asset. Lots of things go into pricing gold, but real interest rates [adjusted for inflation] and expected inflation are two dominant considerations. Gold probably won't move much from current levels unless real rates decline more or inflationary expectations rise from the current 2.5% to 3%, or higher. That's what gets gold off the dime. It is a decent hedge. It doesn't earn anything, but not much else earns anything either.