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The gold price looks set to end 2023 on a high note, but what will the new year bring?
Frank Holmes of US Global Investors thinks new all-time highs are easily in reach in 2024. He sees falling rates and strong demand as important catalysts for the yellow metal.
“It actually held itself so well that now rates are starting to fall, gold can easily go to US$3,000, US$4,000. I think it’s a suppressed, oppressed market that’s extremely attractive,” he said.
This interview was filmed on December 14, 2023.
#Investing #Mining #Gold
0:00 – Intro
0:30 – Gold’s role as a critical asset class
3:06 – Pent-up demand for gold on the rise
6:53 – Inflation “significantly understated”
12:04 – Jurisdiction key for gold stocks
15:10 – Silver’s bright outlook in 2024
18:45 – Other sectors Frank is watching
24:22 – Optimism vs. pessimism
25:44 – Outro
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The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
