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Here's a Puzzler: Goldman Hates Gold

By Rich Smith - Apr 15, 2013 at 11:01AM

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Famed investment banker predicts a more than 10% slide in gold price.

With a name like Goldman Sachs, you might expect the world's most famous investment banker to be rather partial to the shiny yellow metal -- but the truth is far from that case. And Goldman's not the only one who's nervous about gold.

Listen in, as Motley Fool contributor Rich Smith explains why investing in an ETF iShares Gold Trust (IAU 1.67%) may not be a smart decision, and why he's got more confidence in the stocks of actual companies such as Coca-Cola... or even Goldmans Sachs itself.

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Stocks Mentioned

iShares Gold Trust Stock Quote
iShares Gold Trust
$35.09 (1.67%) $0.57
The Coca-Cola Company Stock Quote
The Coca-Cola Company
$60.02 (-1.92%) $-1.18
The Goldman Sachs Group, Inc. Stock Quote
The Goldman Sachs Group, Inc.
$305.51 (-0.40%) $-1.22

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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