"We're seeing Eastern European countries show up: Poland, we see Hungary, just buying tons of gold. I think it's really significant on that transition that's taking place. And all the Indians, all the women that have bought gold, now there's seeing it reward because the rupee has continued to fall," Holmes told Kitco News.
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.