Be Contrarian, Gold Extremely Oversold: Frank Holmes

Kitco News catches up with US Global Investors CEO Frank Holmes to talk about gold at the Metals & Minerals Investment Conference in San Francisco. Holmes’ biggest message to investors at the conference is to be a contrarian. “I just came back from a trip in Asia…and it’s so important to recognize what is taking place in these other parts of the world,” he says. With regards to gold investments, Holmes says that he has always advocated an allocation 10% weighting in gold. “For the past 10 years, this model of taking the S&P at 90% and our gold funds at 10% and rebalancing each year, you are still up; you are still ahead in your overall fund performance and even with gold down for 2 years, so this model does work.” Holmes also shares some key trends in jewelry demand in India and says that “the love for gold is not going away.” Watch now to hear what he thinks may be the most bullish factor for the US dollar in the coming year and what range he is looking at for gold. Kitco News, November 25, 2013. (show less)

Kitco News catches up with US Global Investors CEO Frank Holmes to talk about gold at the Metals & Minerals Investment Conference in San Francisco. Holmes’ biggest message to investors at the conference is to be a contrarian. “I just came back from a trip in Asia…and it’s so important to recognize what is taking place in these other parts of the world,” he says. With regards to gold investments, Holmes says that he has always advocated an allocation 10% ... (read more)

Disclaimer: The content on this website, including, without limitation, news, videos, interviews and commentaries, is provided by Kitco Metals Inc. ("Kitco") for informational purposes only and is not intended as any form of advice, whether legal, accounting, investment, financial or tax advice. Therefore, it cannot be relied upon as such. Should you require such advice, contact a licensed professional. The content provided herein is provided on an "as is" basis without any warranty of any kind, whether express or implied and your use of the information provided in said content is entirely at your own risk. In no event will Kitco be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content on this website.