Frank Holmes Talks Gold and Geopolitics
Daniela Cambone of Kitco News talks with Frank Holmes following his time at this year’s Silver Summit in San Francisco, California.
Daniela Cambone of Kitco News talks with Frank Holmes following his time at this year’s Silver Summit in San Francisco, California. Frank says the resources conference was a home run and comments on the state of the gold market during a shortened holiday trading week. Frank says what’s causing a lot of short-term volatility in the gold price is the real interest rate scenario. Specifically, he references dialogue that if interest rates rise 25 basis points the precious metal could get clobbered, although he says he doesn’t think this is so.
Frank also comments on geopolitical news out of China, as well as provides an interesting update on Colombia’s mining industry. Tune in to the full episode of Gold Game Film below!
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Fund portfolios are actively managed, and holdings may change daily. Holdings are reported as of the most recent quarter-end. The following securities mentioned in the interview were held by one or more of U.S. Global Investors Funds as of 09/30/2015: Atico Mining Corp.