This Is Frank Holmes’ 2019 Gold Stock Pick
Date Posted: January 16, 2019
Read time: 2 min
Frank Holmes, CEO and chief investment officer of U.S. Global Investors, spoke with MoneyShow about his top gold stock pick for 2019. Frank chose Men? Inc. as his number one gold stock pick because it's disrupting the gold jewelry market.
Frank Holmes, CEO and chief investment officer of U.S. Global Investors, spoke with MoneyShow about his top gold stock pick for 2019.
Frank chose Mene Inc. (TSX: MENE) as his number one gold stock pick because it’s disrupting the gold jewelry market. The company prices its 24-karat gold and platinum jewelry based on the changing value of the precious metals, which is unlike traditional sellers that can often have high premiums. This price structure is in place to help the jewelry retain its value over time and serve as an investment.
In its first 10 months of operation as of October 2018, the company did as much as $7 million in sales across 53 countries. Frank says that Mene’s business model “seems to have resonated with consumers and investors alike.”
Mene is also a holding in one of the gold funds Frank co-manages – the World Precious Minerals Fund (UNWPX). Learn more about the fund and its investment objectives by clicking the button below.
Please consider carefully a fund’s investment objectives, risks, charges and expenses. For this and other important information, obtain a fund prospectus by visiting www.usfunds.com or by calling 1-800-US-FUNDS (1-800-873-8637). Read it carefully before investing. Foreside Fund Services, LLC, Distributor. U.S. Global Investors is the investment adviser.
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Fund portfolios are actively managed, and holdings may change daily. Holdings are reported as of the most recent quarter-end. Holdings by region in the World Precious Minerals Fund as a percentage of net assets as of 12/31/2018: Mene Inc 0.92%.
Gold, precious metals, and precious minerals funds may be susceptible to adverse economic, political or regulatory developments due to concentrating in a single theme. The prices of gold, precious metals, and precious minerals are subject to substantial price fluctuations over short periods of time and may be affected by unpredicted international monetary and political policies. We suggest investing no more than 5% to 10% of your portfolio in these sectors.
