Is Real GDP the Key Catalyst for Gold Demand?

Author: Frank Holmes
Date Posted: May 1, 2014 Read time: 1 min

Host of Smart Metals Radio, Andy Duncan, welcomes Frank Holmes to the show to discuss what key factors are driving gold demand, and how the precious metal could react through the course of this year.

Frank says that rising GDP per capita across the globe has a high correlation to the consumption of the metal, and is the key catalyst behind demand. Frank uses the example of gold’s movement from the West to the East. He cites China’s rise in GDP which is reflected in higher incomes, increased purchasing power and thus more gold buying.

In the full interview Frank also talks about how the Federal Reserve and negative real interest rates can affect the gold price, and even gives his outlook for silver over the next year.


Listen to the interview


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