Investors Bullish At Denver Gold Forum

Frank Holmes spoke with Kitco News’ Daniela Cambone at the Denver Gold Forum to discuss price forecasts for bullion. Due to the growing number of countries with zero or negative real interest rates, Frank believes that gold going to $10,000 an ounce isn’t crazy. Another big driver of the yellow metal is that supply is peaking, but demand could be rising out of China and India, the world’s two largest consumers of gold, due to growing GDP per capita.

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.

Holdings may change daily. Holdings are reported as of the most recent quarter-end. The following securities mentioned in the article were held by one or more accounts managed by U.S. Global Investors as of (06/30/2019): Mene Inc.

Gross domestic product (GDP) is the monetary value of all the finished goods and services produced within a country’s borders in a specific time period, though GDP is usually calculated on an annual basis. It includes all of private and public consumption, government outlays, investments and exports less imports that occur within a defined territory.

Free Cash Flow (FCF) represents the cash that a company is able to generate after laying out the money required to maintain or expand its asset base.