Gold set a record near $5,600 an ounce in late January 2026, capping a run that returned about 67% in 2025. Does that mean you should invest now?
Hedge fund founders, a Wall Street chief executive who spent years dismissing the metal, and a personal finance host with a mass following have all recently made a case for owning some gold, some more enthusiastic than others.
Why not take a look at investing in gold right now?
1. Ray Dalio: Gold is a diversifier, not a gamble
Ray Dalio built Bridgewater Associates into the world’s largest hedge fund and keeps the pitch plain. He calls gold an excellent diversifier and has suggested holding about 15% of a portfolio in it.
At the Greenwich Economic Forum, Dalio compared the moment to the early 1970s, when heavy debt and spending eroded confidence in paper money. Gold, he argues, is the asset that holds up when stocks and bonds fall together.
2. John Paulson: The rally may be just beginning
John Paulson made billions betting against subprime mortgages before the 2008 crash. His long-running wager since has been gold, and he says the move still has room to run, describing it as the early stages of a long-term bull market.
He points to central banks buying bullion heavily and a slow loss of faith in paper currencies. Paulson has floated much higher prices ahead, though he calls it a multi-year view, not a bet on any given month.
3. Jamie Dimon: Even the skeptic is coming around
Jamie Dimon spent years waving gold off. So it landed when the JPMorgan Chase chief executive told Fortune it was one of the few times in his life that owning some looked semi-rational, adding that prices could run to $5,000 or even $10,000. He is not buying it himself.
That is the point. When a lifelong skeptic who runs the country’s biggest bank grants a case for a small position, the ground has moved.
4. David Einhorn: Watch the deficits, not the inflation
David Einhorn, who runs Greenlight Capital, has held gold since 2008. Gold, he told CNBC, is “about the confidence in the fiscal policy and the monetary policy,” not a simple bet on inflation. The worry is the federal deficit, and a bipartisan willingness to do nothing about it until a crisis forces the issue.
Einhorn is not calling for the moon, though. He has said he would welcome a modest rise and be uneasy if gold spiked to extremes, a more measured stance than the loudest bulls take.
5. Paul Tudor Jones: The fiscal case, backed with money
Paul Tudor Jones, the macro trader who called the 1987 crash, has made the fiscal case for gold for years. In 2024 he said he was long the metal and worried about heavy government spending and the inflation to follow, arguing that indebted governments tend to inflate their way out.
His firm backed the view with capital. Tudor Investment’s late-2025 filing showed it sharply increasing gold exposure while paring some stock positions. The filings do not spell out motive, but the direction is clear.
6. Jeffrey Gundlach: Own it, but mind the price
Jeffrey Gundlach, the DoubleLine founder often called the Bond King, treats gold as a real asset class rather than a fringe bet, and calls a meaningful position insurance against a debt-heavy system.
He also offers the most useful caution here. Having once said a 25% weighting was not excessive, Gundlach trimmed his gold exposure sharply during the autumn 2025 spike, down to around 10% at one point, and told investors to rebalance after what he called a nosebleed rally.
The lesson is not to pile in at any price but to hold a measured slice and trim as it runs, since buying gold at a top can still hurt.
7. Suze Orman: A hedge, not the whole plan
Suze Orman is more guarded than the hedge fund crowd, yet even she calls gold a safe haven, believe it or not. For ordinary investors, she points to a gold exchange-traded fund rather than mining stocks, and treats a position as a hedge, not a centerpiece.
That is the right note for most readers. Gold pays no dividend and throws off no income, so it works best as one piece among many.
The consensus
Even the most bullish frame it as a position inside a broader portfolio, not a short-term bet on where the price goes next. If you are weighing a position, the question is not whether gold reaches $6,000. It is how much belongs in your own retirement plan, and whether you can hold it through the swings.
If you would like to learn more about investing in gold, it’s important to work with a trusted gold dealer with a long, proven track record of helping clients.
Anthem Gold Group is committed to helping investors protect their wealth and retirement with physical precious metals. It offers gold, silver, platinum and palladium coins and bars delivered directly to your home. Plus, enjoy up to $25,000 in complimentary gold and silver, along with waived IRA storage fees for up to 10 years. Check it out.
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