DISCLAIMER: GOLDINVESTMENTCOMPANIES.COM IS AN AFFILIATED PARTNER FOR GOLDCO PRECIOUS METALS, AUGUSTA PRECIOUS METALS, AND BIRCH GOLD GROUP, PROMOTING THEIR GOLD IRA, GOLD 401K TRANSFER AND BITCOIN IRA SERVICES AND PRODUCTS.
Gold is down from levels seen earlier this year, but Frank Holmes of US Global Investors thinks the metal is poised to move up.
“When you look at a 20 year chart, gold is ready to break out. When you look at the historical pattern for 23 years, gold has outperformed the S&P two to one,” he said.
Gold stocks haven’t been as successful for a variety of reasons, but Holmes believes select companies are due to rise. “I think the wakeup call for a lot of North American people is you’ve got to be in there to buy the dip and buy those quality gold stocks,” he said.
This interview was filmed on August 17, 2023.
#Investing #Gold #Lithium
0:00 – Intro
0:34 – Top-performing commodities of 2023
2:47 – China taking steps to secure critical metals
7:00 – Can other countries catch up to China?
10:00 – What Frank looks for in a gold stock
17:11 – Gold’s path to US$2,300 and beyond
19:25 – Energy transition is bigger than lithium
22:35 – Final investment ideas from Frank
24:21 – Outro
Investing News Network (INN)
Find out more about investing by INN @
Browse our 2023 outlook reports:
Follow us Facebook:
Follow us on Twitter:
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.