Frank Holmes Says Gold at $10,000 Isn’t Crazy
Frank Holmes joined Daniela Cambone on Kitco News to discuss the latest updates in the gold market.
On his recent trip to New York City, Frank Holmes stopped by Kitco News to chat with Daniela Cambone about the latest updates in the gold market. On what’s driving the rally, Frank says that an imbalance of fiscal and monetary policy, such as tariffs and negative real interest rates, are a big factor. Some investors talk of $2,000 an ounce gold, but Frank thinks $10,000 an ounce wouldn’t be crazy. “I don’t think it’s going to happen in the next 12 months, but I think that the supply of gold has peaked.”
What could push the precious metal that high? Watch the full Kitco News interview below!
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A basis point, or bp, is a common unit of measure for interest rates and other percentages in finance. One basis point is equal to 1/100th of 1%, or 0.01% (0.0001).
Holdings may change daily. Holdings are reported as of the most recent quarter-end. The following securities mentioned in the article were held by one or more accounts managed by U.S. Global Investors as of (06/30/2019): Newmont Goldcorp Corp.
Gross domestic product (GDP) is the monetary value of all the finished goods and services produced within a country’s borders in a specific time period, though GDP is usually calculated on an annual basis. It includes all of private and public consumption, government outlays, investments and exports less imports that occur within a defined territory.