Frank Holmes Says Gold Rally Is Sustainable
In a recent interview with Mark Thorburn of SmallCap Power, Frank Holmes discusses the current gold price rally, and explains why he believes it is sustainable.
In a recent interview with Mark Thorburn of SmallCap Power, Frank Holmes discusses the current gold price rally, and explains why he believes it is sustainable. He says historically the yellow metal goes through a cycle, rallying and then correcting. Frank says right now we are in the rally phase, and explains there are other factors besides the cycle driving the metal, the main one being negative interest rates globally.
Frank also describes what factors he believes investors should consider before buying gold stocks and touches on a few of his favorite names. Watch the entire interview below for his full insights.
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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 03/31/2016: Agnico Eagle Mines Ltd., Franco-Nevada Corp., Royal Gold Inc., Silver Wheaton Corp.
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).
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