Frank Holmes’ Outlook for Gold and Cryptos
Frank Holmes joined host Paul Bagnell and Manulife portfolio manager Phillip Petersson on BNN Bloomberg's The Street to discuss both gold and cryptocurrencies.
Frank Holmes joined host Paul Bagnell and Manulife portfolio manager Phillip Petersson on BNN Bloomberg’s The Street to discuss both gold and cryptocurrencies. Although the yellow metal has been down most of the year due to a strong U.S. dollar and higher real interest rates, Frank believes gold has held up remarkably well. Cryptocurrencies have also suffered this year falling into a bear market, but Frank explains they could rise again as more institutional investors enter the space.
For Frank’s full forecast of gold and cryptocurrencies, watch the interview below.
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Frank Holmes has been appointed non-executive chairman of the Board of Directors of HIVE Blockchain Technologies. Both Mr. Holmes and U.S. Global Investors own shares of HIVE, directly and indirectly. Effective 8/31/2018, Frank Holmes serves as the interim executive chairman of HIVE.
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.