CNBC Squawk Box and Frank Holmes on What Gold Will Do in 2013

Author: Frank Holmes
Date Posted: January 8, 2013 Read time: 1 min

In “Gold Trade: Love It or Fear It?” Frank Holmes talks with Becky Quick and Joe Kernen from CNBC Squawk Box about what to expect from gold in the new year. In response to price expectations, Frank explained that investors need to remember the two demand equations for gold:

“One is the fear trade which gets most of the macro headlines. But the other is the love trade. In February of last year, India came up with a tax on gold imports and that did have an impact because of demand for gold going into India dropped by 30%. I think later in the year they changed that so I think you’re going to see emerging markets rising and that’s bullish for the love trade in gold.”



All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. The S&P 500 Stock Index is a widely recognized capitalization-weighted index of 500 common stock prices in U.S. companies. By clicking the links above, you will be directed to a third-party websites. U.S. Global Investors does not endorse all information supplied by this website and is not responsible for its content. The following securities mentioned were held by one or more of U.S. Global Investors Funds as of 12/31/12:  Bank of America, Franco-Nevada