Where Is All the Gold Headed?
Robert Williams of Wall St. Daily talks with Frank Holmes about gold, and more specifically, where it’s all going. Frank discusses the great “tectonic shift” that is taking place in the gold market right now, explaining that an increasing amount is leaving the United States for China, and before reaching China, passing through Switzerland. Adding an interesting visual element, Frank explains that when this gold is moved, more and more is actually being melted down from big bricks into tinier gold bars, and then being shipped.
For more on gold:
- Our Special Gold Report discusses how government policies affect gold’s fear trade.
- Should gold investors fear the Fed? Watch Frank's interview with Yahoo! Finance to find out.
- Do you know what country produces the most gold? Take our commodity quiz to see how much you know!
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