Will Inflation Boost Gold to $1,500?
Date Posted: April 19, 2018
Read time: 2 min
Frank Holmes joined Pimm Fox and Lisa Abramowicz on Bloomberg Radio to chat about gold's current trajectory. Frank explains how rising inflation has historically been a catalyst for higher bullion prices.
Frank Holmes joined Pimm Fox and Lisa Abramowicz on Bloomberg Radio to chat about gold’s current trajectory. Frank explains how rising inflation, which he believes is currently understated, has historically been a catalyst for higher bullion prices. For this reason, Frank believes gold is on track to hit $1,500 an ounce and that investors should consider including the yellow metal in their portfolio as a potential hedge against rising rates.
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The Consumer Price Index (CPI) is one of the most widely recognized price measures for tracking the price of a market basket of goods and services purchased by individuals. The weights of components are based on consumer spending patterns.
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Frank Holmes has been appointed non-executive chairman of the Board of Directors of HIVE Blockchain Technologies. Both Mr. Holmes and U.S. Global Investors own shares of HIVE, directly and indirectly. This interview should not be considered a solicitation or offering of any investment product.
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 accounts managed by U.S. Global Investors as of March 31, 2018: Barrick Gold Corp., Franco-Nevada Corp., Franco-Nevada Corp.
