The Phaserl


Gold Needs Rising GDP, Negative Interest Rates

by Myra P. Saefong, Market Watch:

Last year’s 28% plunge in gold prices didn’t shake Frank Holmes’ confidence in gold as a great portfolio diversifier because he believes it’s all part of the metal’s “normal DNA of volatility.”

As chief executive officer and chief investment officer at U.S. Global Investors, Holmes writes frequently in his blog “Frank Talk” about a variety of topics — from emerging markets, to the economy, equities, energy and natural resources. In an email interview with MarketWatch this week, he discussed gold GCM4 -0.16% , silver SIN4 -0.54% , copper HGN4 +0.72% and other metals.

Gold’s prices go up or down, on average, about 15% [a year] — and even a swing of 30% in either direction is normal, he said.

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1 comment to Gold Needs Rising GDP, Negative Interest Rates

  • robert

    Gold needs the Yanks and Brits to stop illegally crushing it.
    Their fiat Dollar is being protected, as there is no bid on US Bonds at times, and the world is continually unloading US Paper!

    The Fed is buying almost all US Debt instruments…but are Americans a rather daft, cluless and cynical bunch, and they just cannot get a grip? Called sheeple, zombies, dumbed down and ya, that is looking sort of right….

    But it is the Banksters really that need justice served! Banksters.

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