Can You Compare Bitcoin & Gold?
Frank Holmes discusses the pros and cons of both gold and bitcoin in an interview at the London Bullion Market Association Conference in October 2017.
As bitcoin found its way into the limelight, questions about its impact on gold have become increasingly common. Frank Holmes, CEO and CIO of U.S. Global Investors, discussed the pros and cons of both in an interview at the London Bullion Market Association (LBMA) Conference.
“When they streamline opening a bank account and brokerage account,” said Frank, “I think you’ll see a pivot. Then, all of a sudden, gold [will start] to trade as money.” Frank also noted that millennials have “not discovered gold as of yet but … it will take place.”
Watch the video below for the complete interview.
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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.
The Consumer Price Index (CPI) is one of the most widely recognized price measures for tracking the price of a market basket of goods and services purchased by individuals. The weights of components are based on consumer spending patterns.
Holdings may change daily. Holdings are reported as of the most recent quarter-end. None of the securities mentioned in the article were held by any accounts managed by U.S. Global Investors as of 12/31/2017.
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