Gold Looks Undervalued Says Frank Holmes
Date Posted: January 12, 2017
Read time: 1 min
Martin Soong of CNBC Asia welcomes Frank Holmes back to the program to discuss Frank’s belief that gold looks very undervalued currently and to see where he thinks the yellow metal is headed next. Frank explains that many doubted the moves in gold in 2016, but both gold and gold stocks had a fantastic run after a five-year decline. “I think we’re going to see another stronger year this year,” he explains, also reminding investors that he continues to advocate for a 10-percent weighting in gold while rebalancing annually.
Martin Soong of CNBC Asia welcomes Frank Holmes back to the program to discuss Frank’s belief that gold looks very undervalued currently and to see where he thinks the yellow metal is headed next. Frank explains that many doubted the moves in gold in 2016, but both gold and gold stocks had a fantastic run after a five-year decline. “I think we’re going to see another stronger year this year,” he explains, also reminding investors that he continues to advocate for a 10-percent weighting in gold while rebalancing annually.
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