Frank Holmes Talks Gold, the Global Economy and A.I.
Frank Holmes joined Palisade Radio for a conversation about gold, the global economy, artificial intelligence and more. Frank says that gold has held up remarkably well given rising interest rates.
Frank Holmes joined Palisade Radio for a conversation about gold, the global economy, artificial intelligence and more. Frank says that gold has held up remarkably well given rising interest rates, but that due to peak supply, the yellow metal could hit $1,900 an ounce in the next three years. Additionally, rising GDP in key markets like India could spur greater demand for gold jewelry.
Frank also comments that global PMIs are falling. However, if the trade wars are resolved “then we will see PMI bottom, which would set up commodity demand.” Lastly, Frank discusses the growing role of artificial intelligence in the quant world and how it’s impacting capital markets.
For the full story, listen to the interview below!
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All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor.
The Dow Jones Industrial Average is a price-weighted average of 30 blue chip stocks that are generally leaders in their industry. The S&P 500 Stock Index is a widely recognized capitalization-weighted index of 500 common stock prices in U.S. companies.
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.
The Purchasing Manager’s Index is an indicator of the economic health of the manufacturing sector. The PMI index is based on five major indicators: new orders, inventory levels, production, supplier deliveries and the employment environment.
Free cash flow represents the cash a company can generate after required investment to maintain or expand its asset base.
Purchasing power parity (PPP) is an economic theory that compares different countries’ currencies through a “basket of goods” approach and compares economic productivity and standards of living across time.
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 12/31/2018: Newmont Mining Corp, Barrick Gold Corp, Dundee Precious Metals Inc.