Kyle Bass, Hayman Capital

Known as an up-and-comer in the world of hedge funds, Kyle Bass has a well-established bullish bent on gold. And as an advisor to the University of Texas Investment Management Company, he’s been a vocal proponent of a bet on the metal, which had the Texas University system endowment manager holding more than $1 billion worth of gold bullion as recently as February. “I’m against selling any of the gold,” Bass said back then. And just a few days ago he was on record saying he was “perplexed as to why gold is as low as it is.” He’s likely even more perplexed, as gold has moved 12% lower since then.

Daniel Loeb, Third Point

Though he likes to keep a somewhat lower profile than some of his colleagues among star hedge fund managers, Loeb—billionaire management of Third Point—shared their enthusiasm toward gold in recent months. In his most recent letter to shareholders—which, to be fair, reported a respectable 9% return for 2013—he detailed gold as one of his top positions. And he also acknowledged that it was one of his worst performers.

📬 Sign up for the Daily Brief

Our free, fast, and fun briefing on the global economy, delivered every weekday morning.