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Bill Gross: What’s His Outlook for 2013?

Bill Gross is the manager of Pimco’s Total Return Instl (MUTF:PTTRX), and was named Morningstar’s Fixed Income Fund Manager of the Decade in 2010. On CNBC earlier today, Gross discussed his economic outlook for 2013. Originally the result of two tweets via the Pimco Twitter account, the fund manager mentioned that “stocks in 2013 depend on two primary things […] one: real economic growth, which we see at 2% or less, and second of all, the Fed […] Ben Bernanke isn’t Rumpelstiltskin,” adding that “he can only spin straw into gold for so long.”

Ben Bernanke

The tweets, which outline Gross’s specific forecasts, can be seen below:

Pimco Twitter

Regarding point No. 1, Gross mentioned that “wages probably will not continue at such a low rate […] in terms of the global economy, we’re going to see growth in the 4% category as opposed to 5 or 6 [%].”

It also must be said that while general equity indices have returned a bit more than Gross foresaw at the start of 2012, his Total Return Fund is still up over 10% year-to-date, albeit at three-year average beta of 0.74 (according to Morningstar).

What’s the fund manager’s outlook for gold?