Cryptocurrencies May Not Be Drawing Investors Away From Gold

Frank Holmes connected with Kitco News’ Daniela Cambone this week about gold’s recent rally, the growing competition of cryptocurrency exchanges and the real rate of inflation. While many believe that cryptocurrencies such as bitcoin are stealing investors’ attention away from the yellow metal, Frank stands firm in his conviction that gold and digital currencies are not competing for the same dollars. Frank predicts gold could trade up to $1,500 per ounce this year and that Ethereum may emerge as the top digital currency.

To see the full interview, watch the video below!

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.