Why Are Billionaires Hungry for Gold?

Frank Holmes joined Daniela Cambone on Kitco News to discuss the latest updates in the gold market. Last week billionaire Paul Tudor Jones told Bloomberg that gold is his favorite trade in the next 12 to 24 months. Frank says he’s not surprised that more big investors, including Gundlach and Dalio, are getting into gold because of the growing geopolitical tensions surrounding global trade. Having a weighting toward gold in a portfolio can help investors diversify and Frank says it’s “becoming much more important in the eyes of global investors.”

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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 (03/31/2019): Newmont Mining Corp, Barrick Gold Corp, Franco-Nevada Corp.