Money Printing, Gold Mining and a Top Crypto Pick

Frank Holmes spoke with Small Cap Power at the Prospectors & Developers Association of Canada (PDAC) conference in Toronto to discuss a variety of market-moving topics. On why gold could soon go to $10,000 an ounce, Frank says that an overprinting of money and lack of fiscal discipline could be a catalyst for prices. Also supporting the yellow metal is the idea of peak gold supply. The only real technological breakthrough in gold mining in decades is a company called Goldspot, which uses artificial intelligence to aid in the exploration process.

Frank also shared his top cryptocurrency stock pick – HIVE Blockchain Technologies. Frank was a part of building HIVE, the first publicly traded blockchain company, and is bullish on the digital currency space as a whole due to greater adoption of its underlying technology.

For the full story, watch the interview below!

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All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor.

Holdings may change daily. Holdings are reported as of the most recent quarter-end. The following securities mentioned in the article were held by one or more accounts managed by U.S. Global Investors as of (12/31/2019): Hochschild Mining PLC, Gran Colombia Gold Corp, Gold Fields Ltd, Yamana Gold Inc.

Frank Holmes has been appointed non-executive chairman of the Board of Directors of HIVE Blockchain Technologies. Both Mr. Holmes and U.S. Global Investors own shares of HIVE. Effective 8/31/2018, Frank Holmes serves as the interim executive chairman of HIVE.

Frank Holmes has been appointed chairman of the Board of Directors of GoldSpot Discoveries. U.S. Global Investors owns shares of GoldSpot.