Is Gold on Track to Hit $1,500?
At the Vancouver Resource Investment Conference, Frank Holmes sat down with Kitco News' Daniela Cambone to discuss gold predictions for 2018.
At the Vancouver Resource Investment Conference, Frank Holmes sat down with Kitco News’ Daniela Cambone to discuss gold predictions for 2018. Frank believes gold might reach $1,500 per ounce due to rising interest rates and inflation. Although some investors speculate that the cryptocurrency craze drove investors away from gold last year, Frank disagrees completely. Instead of new digital currencies being in competition with gold, Frank thinks they will coexist. He points out that, in fact, many of the early bitcoin adopters were gold bugs.
To see the full discussion, watch the video below!
What else is in store for the yellow metal in 2018? Read Frank Holmes’ summary of why the World Gold Council believes gold will see another positive year.
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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.
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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 accounts managed by U.S. Global Investors as of 12/31/17: Dolly Varden Silver Corp.