Text size

To Jeffrey Gundlach of DoubleLine Capital LP, gold looks like a better investment the more investors grow to hate it.

"I believe gold will see a price of at least $1,350 this year, probably sometime sooner rather than later," Gundlach said on a conference call Tuesday. The manager known for his bond-investing acumen isn't shy about proferring opinions on other subjects, including Apple's (AAPL) stock and, today, gold and Bitcoin.