ETFs, Bullion or Stocks: What Is Frank’s Favorite Gold Buy?
CNBC’s Street Signs welcomed Frank Holmes while he was in New York this week to discuss the gold market. When Frank was asked to choose between gold ETFs, gold bullion or gold mining stocks during chatter focused on potential growth in the commodity, Frank confidently chose option three: gold mining stocks. Watch the interview now to hear his reasoning and also where he feels precious metals fit into the market right now.
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Alpha is a measure of performance on a risk-adjusted basis. Alpha takes the volatility (price risk) of a mutual fund and compares its risk-adjusted performance to a benchmark index. The excess return of the fund relative to the return of the benchmark index is a fund’s alpha. The following securities mentioned were held by one or more of U.S. Global Investors Funds as of 06/30/13: Franco-Nevada Corp, Goldcorp.