Here’s to the Love Trade in 2015
Kathleen Hays and Vonnie Quinn, hosts of The Hays Advantage on Bloomberg Radio, welcome Frank Holmes to the studio to talk oil, gold and his investment outlook for 2015. Starting with falling oil prices, Frank discusses the savings benefit that consumers are experiencing but notes that this slowdown will eventually lead to a contraction of high-paying jobs in the space, from railway to infrastructure.
Shifting his focus to gold, Frank says the precious metal’s action always comes back to the Fear Trade and the Love Trade. The Love Trade, which is the purchasing of gold for cultural and religious celebrations, has particularly been under pressure in 2014. However, he says the Love Trade will be the same reason that gold can bounce back in 2015.
Tune into the full interview to hear what Frank says will be the top surprise this year for investors.
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