Frank Holmes on Bloomberg TV: Gold Is Money

Author: USGI
Date Posted: March 21, 2016 Read time: 1 min

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.

 

Watch the Interview

 

Past performance does not guarantee future results. All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. This news release may include certain “forward-looking statements” including statements relating to revenues, expenses, and expectations regarding market conditions. These statements involve certain risks and uncertainties. There can be no assurance that such statements will prove accurate and actual results and future events could differ materially from those anticipated in such statements. By clicking the link(s) above, you will be directed to a third-party website(s). U.S. Global Investors does not endorse all information supplied by this/these website(s) and is not responsible for its/their content.

Holdings may change daily. Holdings are reported as of the most recent quarter-end. None of the securities mentioned in the interview were held by any accounts managed by U.S. Global Investors as of 12/31/15.

The Consumer Price Index (CPI) is one of the most widely recognized price measures for tracking the price of a market basket of goods and services purchased by individuals. The weights of components are based on consumer spending patterns.