Frank: China Currency Could Be the Catalyst that Pushes Gold Higher
Date Posted: June 8, 2015
Read time: 2 min
Speaking to the Investing News Network, Frank explains that gold prices could rise if China were to succeed in having the renminbi join the British pound, euro, Japanese yen and U.S. dollar as a global reserve currency. Doing so would require China to back the renminbi with bullion, which would help drive the yellow metal higher.
“China wants to be positioned as another player at the table,” Frank says.
Watch the entire interview below to find out which gold companies Frank finds attractive.
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Fund portfolios are actively managed, and holdings may change daily. Holdings are reported as of the most recent quarter-end. The following securities mentioned in the interview were held by one or more of U.S. Global Investors Funds as of 3/31/2015: Osisko Gold Royalties Ltd., Silver Wheaton Corp., Franco-Nevada Corp., Royal Gold Inc., Klondex Mines Ltd.
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