Analysts and CEOs who have historically been conservative with their gold price calls are now forecasting levels above $10,000 in the long-run, and Frank Holmes, CEO of U.S. Global Investors, said that fundamentals back up these numbers.
“What’ amazing about America, is that we have unprecedented deficits with no war and no recession. What happens when we get a recession or a war, we get this incredible money printing and gold goes up on that currency [depreciation]. So if something does break out, gold’s then going to really start to rocket,” Holmes told Kitco News on the sidelines of the Denver Gold Forum.
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