The gold price tends to rise in times of crisis, but according to Frank Holmes, CEO and chief investment officer at US Global Investors, the yellow metal has the potential to go much higher even without a major calamity.
Speaking at the Denver Gold Forum, Holmes explained that worldwide money printing triggered by attempts to stimulate economic activity could lead to a substantial gold price increase.
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.