Negative Rates Continue to Be Positive for Gold
Daniela Cambone of Kitco News welcomes Frank Holmes back to the program, looking for his thoughts on news of Germany’s 10-year bond falling into negative territory for the first time ever.
Daniela Cambone of Kitco News welcomes Frank Holmes back to the program, looking for his thoughts on news of Germany’s 10-year bond falling into negative territory for the first time ever. Frank says that negative interest rates globally continue to be positive for gold, as the two have an inverse relationship. In addition to negative rates, Frank says the upcoming British referendum is another mover for the precious metal, calling the potential for a Brexit “the big issue for the next 10 days.”
Tune in to the full interview below!
Read Frank Holmes’ recent post on gold:
Here Are the World’s Top 10 Gold Producing Mines
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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 3/31/2016: Barrick Gold Corp.