“ ‘There is so much boiling conflict. People should be prepared for a much wider range of potentially more volatile set of circumstances than we are mostly accustomed to.’ ”

That’s Greg Jensen’s rationale for why gold GC00, +0.36% could be headed for a 30% rally to more than $2,000 an ounce.

The Bridgewater Associates co-chief investment officer, who helps oversee more than $160 billion in assets for the hedge-fund giant, told the Financial Times that political turbulence around the world along with a widening divide between the rich and the poor will continue to make for a dicey investing climate.