Buy the Dip in Gold Before It’s Too Late, Says Frank Holmes
Date Posted: November 12, 2019
Read time: 1 min
Frank Holmes chatted with Kitco News' Daniela Cambone about the latest updates in the gold market. Although prices have fallen since hitting six-year highs in August, Frank highlights that central bank buying of the yellow metal has continued to increase.
Frank Holmes chatted with Kitco News’ Daniela Cambone about the latest updates in the gold market. Although prices have fallen since hitting six-year highs in August, Frank highlights that central bank buying of the yellow metal has continued to increase. Additionally, holdings in gold-backed ETFs are at record highs, yet generalist investors have not moved into gold yet. Frank recommends that investors increase their exposure to gold before prices potentially rise again driven by questionable monetary policy around the world.
Frank also shares some of his observations from the Latin America Mining and Investment Summit he spoke at in Lima, Peru earlier this month. For the full story, watch the Kitco News interview below!
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All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor.
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.
