China’s Role in the Gold Market

Author: Frank Holmes
Date Posted: December 11, 2014 Read time: 2 min

Alex Letourneau of Kitco News welcomes back Frank Holmes to the program to tell investors what’s been happening in the gold market. One notable point for the precious metal deals with the country that Frank calls the “800-pound gorilla” — China. He says that when it comes to gold demand picking up steam in China this month, it all goes back to the country’s currency. Frank believes that the Chinese have a long-term strategy to build a critical base to support their currency, one that will enable them to buy gold cheaper and cheaper.

Catch the replay to see what opportunities and threats Frank sees for gold moving into 2015, and also for this week’s touchdown pass.


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