Video News/In Focus with Jeremy Szafron

Frank Holmes, CEO of U.S. Global Investors and Executive Chairman of HIVE Digital Technologies, says rising global debt levels are contributing to a structural shift in capital allocation toward hard assets and infrastructure tied to artificial intelligence. Speaking with Kitco News anchor Jeremy Szafron, Holmes discussed the global debt load approaching $350 trillion and outlined how investors are reassessing exposure to gold, silver, and digital assets amid geopolitical and fiscal pressures. Holmes examined consolidation trends in the mining sector, describing a “Pac-Man” dynamic in which larger companies are acquiring smaller producers to secure reserves and scale. He also addressed silver’s growing classification as a strategic mineral and argued that Bitcoin miners represent some of the “cheapest available data center capacity” for AI applications. The interview explored China’s Belt and Road strategy, capital flows into the U.S., and the evolving intersection of commodities, technology, and geopolitics.