Will Gold Go Up if Greece Exits the Euro?

Author: USGI
Date Posted: February 19, 2015 Read time: 2 min

On this edition of Gold Game Film, Kitco host Alex Letourneau asks Frank Holmes how he thinks the talks between Greece and the European Union might affect the gold price. Frank says that trying to finalize a resolution has created political instability and at this point, he sees a 50-percent probability that Greece will indeed leave the euro. Frank mentions his frustrations with nations that have a socialist mindset like Greece, and notes that he believes the gold price could rise by $200 if the country indeed leaves the euro.

Frank discusses gold demand and mining in South Africa, the upcoming Chinese New Year and what currency wars around the world mean for the precious metal in this episode as well. Tune in now for the full replay!

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