Now Is the Time to Invest in Precious Metals
At the Vancouver Resource Investment Conference (VRIC) 2020, after giving a keynote presentation on gold and commodities, Frank Holmes spoke with Investing News Network.
At the Vancouver Resource Investment Conference (VRIC) 2020, after giving a keynote presentation on gold and commodities, Frank Holmes spoke with Investing News Network. Frank commented that investor sentiment at the conference was much better this year than it was last year, with the S&P 500 hitting all-time highs and the U.S.-China trade war almost resolved.
On where the gold price is headed, Frank reiterated his bullishness. “I think gold prices could be $2,000 in the next 18 months.” When asked if now is still a good time to invest in other precious metals, including platinum and palladium, Frank said: “Absolutely. They’re critical for clean air and clean water, and the whole ESG movement.”
For the full story, watch the Investing News Network interview below.
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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.
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 (12/31/2019): Gran Colombia Gold Corp.
Gross domestic product (GDP) is the monetary value of all the finished goods and services produced within a country’s borders in a specific time period, though GDP is usually calculated on an annual basis. It includes all of private and public consumption, government outlays, investments and exports less imports that occur within a defined territory. The Purchasing Manager’s Index is an indicator of the economic health of the manufacturing sector. The PMI index is based on five major indicators: new orders, inventory levels, production, supplier deliveries and the employment environment. The S&P 500 Stock Index is a widely recognized capitalization-weighted index of 500 common stock prices in U.S. companies.
Frank Holmes has been appointed chairman of the Board of Directors of GoldSpot Discoveries. U.S. Global Investors owns shares of GoldSpot.