Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Frank Holmes, CEO and CIO of US Global Investors, a company known for its focus on the natural resources sector, says he believes the price of gold should be $1,400 per ounce, according to an interview on Ceo.ca.
Holmes mentions several reasons for his bullish stance on the yellow metal, including economic concerns in Europe and China that trigger stimulus.
“We saw, three weeks ago, Germany go to a negative real interest rates. Well, when that happens all of a sudden you start seeing gold rise in euro terms,” Holmes tells interviewer Shannon Nelson.
“I think that is important to witness, that we could see gold, based on negative real interest rates in the US, the CPI numbers this week based on the fear in Europe, gold should be trading around $1,400 an ounce,” he says.
Holmes discusses a number of other subjects in the podcast, from what it takes to get him to invest to his favorite websites, and gives entrepreneurs some advice.
To listen to the podcast, click here or see below.
2 Comments
GoldLover
Gold should be around or below $1000 per ounce …and even that may be high!
Why??? In what World does gold have any business at $1400 makes no sense!
$1400 SERIOUSLY?
Frank, I have see so many your videos, interviews and I have yet to hear you say one thing against Gold.
At least you are not as bad as Gary Wagner. Geez, he is ridiculous. No matter what …between you two guys, gold is about to break out and go up or it should be up.
If the price was $1400, this article would be about why it should be $1800.
Please. Get real.
Bob
That holmes guy is a plant, a stooge, and a boob. Parading a 1400 call as “bullish” is just more of the same old misdirection garbage. Judas sold out for 30 pieces of silver. Wonder what holmes price was…