Roubini talks down gold as hedge funds buy on inflation fears

Famously bearish economist Nouriel Roubini, nicknamed "Dr. Doom" for his early negative views on housing, is extending his pessimism to an asset whose owners often share his views: gold.

Speaking at the Reuters Investment Outlook Summit Tuesday, Roubini said that gold -- which has repeatedly flirted with the $1000/oz. mark this year -- "looks toppy."