However you look at it, gold’s long-term fundamentals remain bullish, owing to a world that is unlike anything we’ve seen before, said Frank Holmes, CEO of U.S. Global Investors.
“I think all those [bear case] suggestions, if you look at the evidence, are pretty weak. It’s a very different world,” Holmes said. “People complained when the balance sheet of the Fed was 6% of the GDP, and now it’s 30%. If you get [politicians like] AOC [Alexandria Ocasio-Cortez] becoming mainstream, you’re talking about trillions of dollars of government money printing.”
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit http://www.kitco.com/