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Please note: The Frank Talk articles listed below contain historical material. The data provided was current at the time of publication. For current information regarding any of the funds mentioned in these presentations, please visit the appropriate fund performance page.

Chinese New Year and Gold's Love Trade

February 23, 2018

This Chinese New Year, over 390 million Chinese will travel to visit family and go on vacation. Many will also participate in customary gift exchanging. Gold is one of the most popular gifts given during the two-week celebrations with demand so great that it affects the price of gold globally. Frank Holmes likes to call this the Love Trade. China, the world’s largest market for gold, saw demand rise 3 percent last year and this number should continue to grow with rising GDP.

For Frank's full explanation, watch the video below!

To learn more about Chinese New Year, check out our latest infographic, 5 Things to Know About the Chinese New Year.  

Frank Talk Live features U.S. Global Investors’ CEO and Chief Investment Officer Frank Holmes as he dives into a new investment topic, from gold mining and global resources to digital currencies and emerging markets. Tune in weekly for updates on these key financial markets.

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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.

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.

 

Net Asset Value
as of 05/18/2018

Global Resources Fund PSPFX $6.18 -0.06 Gold and Precious Metals Fund USERX $7.59 No Change World Precious Minerals Fund UNWPX $4.17 No Change China Region Fund USCOX $11.60 -0.01 Emerging Europe Fund EUROX $7.04 -0.05 All American Equity Fund GBTFX $25.44 -0.01 Holmes Macro Trends Fund MEGAX $19.52 No Change Near-Term Tax Free Fund NEARX $2.19 No Change U.S. Government Securities Ultra-Short Bond Fund UGSDX $1.99 No Change