Kitco News catches up with US Global Investors CEO Frank Holmes to talk
about gold at the Metals & Minerals Investment Conference in San
Francisco. Holmes' biggest message to investors at the conference is to
be a contrarian. "I just came back from a trip in Asia...and it's so
important to recognize what is taking place in these other parts of the
world," he says. With regards to gold investments, Holmes says that he
has always advocated an allocation 10% weighting in gold. "For the past
10 years, this model of taking the S&P at 90% and our gold funds at
10% and rebalancing each year, you are still up; you are still ahead in
your overall fund performance and even with gold down for 2 years, so
this model does work." Holmes also shares some key trends in jewelry
demand in India and says that "the love for gold is not going away."
Watch now to hear what he thinks may be the most bullish factor for the
US dollar in the coming year and what range he is looking at for gold.
Kitco News, November 25, 2013.
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