Frank Holmes: Gold is Going to Have an Incredible Run
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Frank says, “Gold has been so resilient all year especially when you look at real interest rates.” Due to negative interest rates in other countries, the dollar has held up reasonably well. When they talk about rates peaking gold will hit $1500 in the blink of an eye. The supply of gold is shrinking, and the costs are getting more expensive which is settings us up for a beautiful gold cycle. Gold is going to have an incredible shine and pass through the 1900 level in the next three years.
Time Stamp References:
1:15 – Golds performance vs. currencies
4:00 – Commodity performance and demand globally
6:00 – Mergers and when will big companies acquire mid-tiers.
7:15 – Peak gold and energy
10:00 – Uses for A.I and machine learning.