Will Gold Go Up if Greece Exits the Euro?
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!
Check out the full episode!
Don’t forget to stay on top of the most important market moves by subscribing to the Investor Alert newsletter!
Past performance does not guarantee future results. All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. This news release may include certain “forward-looking statements” including statements relating to revenues, expenses, and expectations regarding market conditions. These statements involve certain risks and uncertainties. There can be no assurance that such statements will prove accurate and actual results and future events could differ materially from those anticipated in such statements.
Fund portfolios are actively managed, and holdings may change daily. 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 12/31/2014: Agnico Eagle Mines Ltd, Goldcorp Inc., Kinross Gold Corp, Randgold Resources, Yamana Gold Inc.
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.
There is no guarantee that the issuers of any securities will declare dividends in the future or that, if declared, will remain at current levels or increase over time. Note that stocks and Treasury bonds differ in investment objectives, costs and expenses, liquidity, safety, guarantees or insurance, fluctuation of principal or return, and tax features.