Gold wasn’t just bad in 2013. It was horrendous.
Gold prices plummeted last year to mark its worst annual performance in 32 years. Specifically, gold prices per ounce finished out at $1,202 — a decline of nearly 28%, which was last trumped in 1981 when gold sunk 33%.
That performance also was reflected in the SPDR Gold Shares (GLD) exchange-traded fund, which gave up roughly the same amount (28%) for 2013, and miners’ profit margins were obliterated, leading to widespread losses in that sector. The Market Vectors Gold Miners ETF (GDX) was more than halved.
So, 2014 has to be better for the little yellow metal, right?
Depends on who you ask. Five of InvestorPlace’s experts have sounded off on the fate of gold for 2014, and not everyone sees eye to eye. Here’s a look at what each had to say about gold prices in the new year: