Frank Holmes: Gold Wakeup Call in Progress, US$3,000 Now "Pretty Simple"

Speaking to the Investing News Network, Frank Holmes, CEO and chief investment officer at US Global Investors (NASDAQ:GROW), shared his thoughts on gold and silver market dynamics and price drivers.

In his view, it would be "pretty simple" for the yellow metal to reach US$3,000 per ounce in the next 12 months.

Looking longer term, Holmes mentioned much higher levels for gold as well as silver.

"Silver is very inexpensive — I think that silver should be US$100 an ounce personally. And I think that gold should be around US$7,000 based on my math of money printing, etc.," he said. "So I think there's lots of upside — buy the dip!"

Watch the interview above for more from Holmes on gold and silver.

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Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.