Frank Holmes Says Invest in Gold Using Stocks and Jewelry

Joining Kitco News via Toronto, Frank Holmes discusses with Daniela Cambone why gold is rallying and how analysts are boosting price forecasts. On what’s driving the yellow metal’s current price action, Frank says that negative-to-record low interest rates around the world are a big force: “Gold always rallies when rates start collapsing like this globally.” The metal is also driven by safe haven demand on fears of the coronavirus spreading and disrupting economic growth.

Also getting a bounce from the global health emergency fears are cryptocurrencies. Frank points out that Chinese bitcoin miners aren’t working because of lockdowns, which has reduced supply and boosted prices.

As always, Frank recommends at 10 percent portfolio weighting in gold, called the Golden Rule, with exposure to both gold stocks and physical gold in the form of 24k jewelry or bars and coins. 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): Hochschild Mining PLC.

Frank Holmes has been appointed non-executive chairman of the Board of Directors of HIVE Blockchain Technologies. Both Mr. Holmes and U.S. Global Investors own shares of HIVE. Effective 8/31/2018, Frank Holmes serves as the interim executive chairman of HIVE.