Why Can’t Gold Go to $10,000?
Date Posted: February 28, 2020
Read time: 1 min
At the BMO Capital Markets Global Metals & Mining Conference in Miami, Frank Holmes spoke with Kitco News about his outlook for commodities and gold.
At the BMO Capital Markets Global Metals & Mining Conference in Miami, Frank Holmes spoke with Kitco News about his outlook for commodities and gold. Frank commented that he was impressed by presentations by Barrick Gold and Wheaton Precious Metals, which are reducing debt and paying high dividends. A big theme at the conference was peak gold, which Frank believes will lead to more M&A in the sector as companies work to replenish reserves. Lastly, Frank discusses the monster precious metals rally of rhodium, palladium and gold. “Rhodium goes from $1,700 to $13,000. Why can’t gold go to $10,000?”
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 (12/31/2019): Wheaton Precious Metals Corp, Newmont Corp, Gran Colombia Gold Corp, Lumina Gold Corp, Lundin Mining Corp.
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