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What is Frank Holmes’ Favorite Investment?

Frank Holmes joins Kathleen Hays and Vonnie Quinn on Bloomberg’s Hays Advantage to discuss gold and the economy. Frank starts the discussion with the key drivers that continue to move the gold price—China, global purchasing managers’ index (PMI), and real interest rates. He sees the price of gold reaching $1,900 again, but when asked his favorite investment currently, Frank highlights a commodity other than the yellow metal.

 

Listen to the entire interview here to see what Frank’s favorite investment is and why. Also, hear his comments on Japan destabilizing, and how this is affecting global PMI.

 

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The J.P. Morgan Global Purchasing Manager’s Index is an indicator of the economic health of the global manufacturing sector. The PMI index is based on five major indicators: new orders, inventory levels, production, supplier deliveries and the employment environment.