The gold price spent the first part of election week trading close to US$1,900 per ounce, but spiked to around the US$1,950 level mid-week. Speaking to the Investing News Network, Frank Holmes, CEO and chief investment officer at US Global Investors, said the price move from the yellow metal didn't surprise him. In fact, he expects gold to rise much higher, largely due to global money printing.
0:00 - Intro0:20 - Gold's post-election price activity3:26 - Does the election matter for gold?7:03 - How gold majors and juniors are doing10:44 - Gold could hit US$2,000 again in 202015:59 - Election impact on other commodities17:53 - Frank's final advice for investors18:45 - Outro
Frank Holmes is the CEO and chief investment officer of U.S. Global Investors, Inc., a boutique investment advisory firm based in San Antonio that manages domestic and offshore funds specializing in the natural resources and emerging markets sectors.