Kitco News, Released on 8/5/20
The fiscal and monetary conditions have never been stronger for gold prices, and while the yellow metal already broke records this week by hitting $2,000 an ounce, Frank Holmes, CEO of U.S. Global Investors, doubled down on his $4,000 an ounce by the end of this bull cycle call. Price corrections can happen along the way, Holmes said, but gold investors should buy on the dip.
Gold price correction: 0:30
Monetary and fiscal stimulus: 3:00
Inflation or deflation? 5:40
Inflation and money velocity: 6:33
Coin shortages: 10:45
Frank Holmes is the CEO and chief investment officer of U.S. Global Investors, Inc., a boutique investment advisory firm based in San Antonio that manages domestic and offshore funds specializing in the natural resources and emerging markets sectors.
After $2,000 gold price, $4,000 is next; Frank Holmes doubles down on call added by Herman James on
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