Frank Holmes: Gold and Bitcoin to the Moon
- Palisades Gold Radio
Tom welcomes back Frank Holmes, CEO and Chief Investment Officer of U.S. Global Investors. Frank discusses why the election results and a split house may be the perfect scenario for the stock market and the ideal scenario for gold. G20 Central bankers have been functioning as a cartel since 2008 by synchronizing taxation and regulation. Now they are playing with MMT, zero interest rates, and monetary stimulus. However, they have redefined the CPI, and today if you use the old model, inflation is running at close to eight percent. Smart people are buying real assets like art, gold, silver, mining equities, and bitcoin. Frank discusses the PMI index and how it reflects forward industrial demand. He expects a robust economy over the next six months.
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The government is spending trillions, and when that happens, gold rises dramatically. Gold could quickly go to $4000 due to the amount of debt creation. Frank points out that gold has been positive 17 years out of the last 21 and has outperformed the S&P 500 by 2.5 times. This lockdown has brought many Millenials to invest in the more speculative side of the stock market. Many are investing in ETF’s and junior stocks. Gold stocks are showing up along with other common stocks due to their free-cash-flow. Institutions and big investors are starting to take notice. Frank discusses the crypto markets and how Hive Blockchain is performing very well as a stock market proxy for Bitcoin and Ethereum.
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Talking Points From This Episode
– Politics, Media and Sentiment
– Central Banks, MMT & CPI
– Money Printing and Gold to 4K
– Bitcoin, Gold, and Mining Equities
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Time Stamp References:
0:00 – Introduction
0:50 – Election Outcome
1:44 – Stimulus, MMT, and equities.
4:42 – Capital/Bonds Changing
6:15 – PMI Index & Commodities
8:26 – Debt Creation and Gold
11:05 – Millenials & Liquidity
13:40 – Free-Cash-Flow in Mining
16:05 – Majors Going Mainstream
16:40 – Euphoric Media & Markets
18:42 – Royalty Companiesd
22:43 – Bitcoin & Hive Blockchain
26:00 – Gold & Bitcoin
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