Holmes – Record Demand for Gold out of China
U.S. Global Investors’ CEO Frank Holmes delivers a familiar theme on gold in this brief video from CNBC. Holmes cites the fear trade and the love trade and mentions heavy demand from China in the upcoming Year of the Dragon.
“For gold to rise 15% from these levels would be nothing,” Holmes says. He also notes that it is rare for gold to drop 10% in a month as it did in December and every time it has in the past 10 years it has rebounded significantly the next month. More at the video link below.
Source: CNBC Video