Don't bet against China, says Frank Holmes, CEO of U.S. Global Investors, who said that China is now a robust consumer of gold.
"60% of gold demand is as you know, from love, and the best way to look at it is China and India," Holmes told Kitco News on the sidelines of the Vancouver Resource Investment Conference.
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.