‘Gold is going higher,’ says investor who’s managed a precious-metals fund for a quarter-century – MarketWatch

With gold approaching $2,000 an ounce in a raging bull market that just won’t let up, it’s time to check in with one of the best fund managers in the business for insights on how to think about the precious metal now.

In a follow-up column next week, I will suggest 17 gold-mining stocks to consider, and offer suggestions on the best way to pick them.

For guidance I turned to Caesar Bryan, a veteran who has managed the Gabelli Gold Fund GLDAX, -2.52% for 26 years. He’s simply crushed his benchmark, the MSCI World/Metals & Mining Index, by 50.5 percentage points over the past year, 13 percentage points annualized over five years and 4 percentage points annualized over 15 years, according to Morningstar. The fund also handily beats the S&P 500 SPX, -0.54%, Dow Jones Industrial Average DJIA, -0.93% and Nasdaq