The Love and Fear Driving Gold
Frank Holmes joins CNBC’s Squawk Box panel to discuss gold, and what drives consumers to continue purchasing the precious metal. Frank explains that nearly 60 percent of all gold demand comes from Asia, in what he calls the Love Trade, when gold is purchased for cultural celebrations and in the form of jewelry.
Frank also notes that the Fear Trade can move the price of gold; people around the world react with concern over government policies that increase inflation and devalue currencies.
In the Squawk Box interview Frank also touches on why platinum and palladium are important commodities to be watching in China right now. Tune into the replay!
For more on the precious metal:
- Frank Holmes’ new show on Kitco premiered last week – check out Gold Game Film!
- So what’s abuzz about gold? Read the latest Frank Talk post here.
- Download our Special Gold Report for a detailed analysis of gold’s Fear Trade.
All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. By clicking the link above, you will be directed to a third-party website. U.S. Global Investors does not endorse all information supplied by this website and is not responsible for its content. Holdings are reported as of the most recent quarter-end. The following securities mentioned in the interview were held by one or more of U.S. Global Investors Funds as of 12/31/2013: Facebook.
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