GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!

Monday, November 25, 2013

Gold Extremely Oversold: Frank Holmes - Kitco News

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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