ITM Trading, Released on 5/19/25

“The ECB is afraid of gold as much as they are afraid of Bitcoin,” says Frank Holmes, CEO and Chief Investment Officer at U.S. Global Investors. In an interview with Daniela Cambone, he explains that the European Central Bank’s (ECB) warnings about gold stem from a fear of losing control—much like their stance on Bitcoin. Both assets represent decentralized, portable forms of wealth that challenge centralized monetary authority. Rather than viewing gold as a source of instability, Holmes argues that it serves as a barometer of systemic fragility within the global financial system. “They’re trying to paint the picture that gold is possibly broken. But what it’s really showing… is that the financial system is broken and gold’s just sounding that alarm.” Looking ahead, Holmes predicts that global monetary trends could push gold to $6,000 in the coming years.

00:00 ECB sounding alarm on gold
3:11 Central banks hoarding gold
7:00 Gold going tier 1 under Basel III
9:16 What this means for the gold market
11:41 The value of decentralized assets
14:00 The future of the US Dollar

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. He’s also Executive Chairman of Hive Blockchain Technologies.

  bitcoin, financial collapse, Frank Holmes, gold