A supply crunch is coming and this will cause commodities to skyrocket in 2020, this according to Frank Holmes, CEO of U.S. Global Investors.
"This theme of ESG, environmental, social governance, is driving everything and it's going to harm exploration. We're going to see a supply-side restriction but people are going to have babies and the world is going to chug along and grow, but the commodities aren't going to be there," Holmes said, adding that a huge price rally would follow.
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.