Frank Holmes - If Greece Leaves The Euro, Gold Adds $200

Presidents’ Day has passed and gold is down as Kitco News welcomes Gold Game Film and Frank Holmes to sort through it all. Focusing on Greece, Holmes sees these talks between the Greeks and the European Union as rocking the boat of political instability, saying “now it’s a 50% probability they’ll leave the euro.” He expands by noting that the new government’s opposition to El Dorado’s gold mine brings to light a troubling socialist attitude. Should this instability lead to Greece abandoning the euro, Holmes sees it as a bullish sentiment for gold prices. Holmes also touches on the current currency wars and whether or not South Africa is still a mining giant in the metals space. Tune in now to find out what Frank’s Touchdown pass of the week is! Kitco News, February 17, 2015.