Investing News, Released on 8/23/23 (Recorded on 8/17/23)
Gold is down from levels seen earlier this year, but Frank Holmes of US Global Investors thinks the metal is poised to move up. “When you look at a 20 year chart, gold is ready to break out. When you look at the historical pattern for 23 years, gold has outperformed the S&P two to one,” he said. Gold stocks haven’t been as successful for a variety of reasons, but Holmes believes select companies are due to rise. “I think the wakeup call for a lot of North American people is you’ve got to be in there to buy the dip and buy those quality gold stocks,” he said.
This interview was filmed on August 17, 2023.
0:00 – Intro
0:34 – Top-performing commodities of 2023
2:47 – China taking steps to secure critical metals
7:00 – Can other countries catch up to China?
10:00 – What Frank looks for in a gold stock
17:11 – Gold’s path to US$2,300 and beyond
19:25 – Energy transition is bigger than lithium
22:35 – Final investment ideas from Frank
24:21 – Outro
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.