Frank Holmes on Bloomberg TV: Gold Is Money
Frank Holmes joins Alix Steel and Scarlet Fu on Bloomberg Television to discuss the run we’ve seen in the gold price so far this year.
Frank Holmes joins Alix Steel and Scarlet Fu on Bloomberg Television to discuss the run we’ve seen in the gold price so far this year. Frank explains that in the short term gold could consolidate, but one of the deciding factors in the movement of the precious metal relates directly to interest rates, which have an inverse correlation with gold.
Frank also discusses the fact that gold is money and explains how culture and demographics help to drive demand globally. Watch the replay here.
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