What Happens When Big Banks Are Pro Gold?
Date Posted: May 13, 2016
Read time: 1 min
With gold prices surging this year, several of Wall Street’s biggest banks are now turning to the yellow metal. Both JP Morgan and Goldman Sachs, previously holding a bearish stance, have updated their status on gold by raising forecasts and recommending it to their clients.
With gold prices surging this year, several of Wall Street’s biggest banks are now turning to the yellow metal. Both JP Morgan and Goldman Sachs, previously holding a bearish stance, have updated their status on gold by raising forecasts and recommending it to their clients. Daniela Cambone of Kitco News wants Frank’s thoughts on the matter, asking if investors should be worried about these banks’ new “pro gold” status.
Tune in to the full replay below to see Frank’s thoughts on the matter, and also where he thinks gold could move from here!
Read Frank Holmes’ recent post on gold: Appetite for Bullion Coins Soars, Gold Game Film Turns Two
All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor.
The Producer Price Index (PPI) measures prices received by producers at the first commercial sale. The index measures goods at three stages of production: finished, intermediate and crude.
Holdings may change daily. Holdings are reported as of the most recent quarter-end. None of the securities mentioned in the interview were held by any accounts managed by U.S. Global Investors as of 03/31/2016.
