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It’s Monday and Frank Holmes joins Kitco News to share his thoughts on gold prices and what he thinks may be the yellow metal’s touchdown pass of the week! According to Frank, the dollar has really been driving gold prices and the currency continues to be strong because the U.S. has the strongest positive real rates of return for 5-year and 10-year government bonds while other countries provide negative rates. “I’m impressed that gold is where it is today with how positive the real rates of return are in the U.S.,” he says. Looking at Greece, Holmes says the real concern is the collateral borrowings that the country has from French and German banks. “If they default, it’s going to have a bigger impact on the banks,” he explains, adding that it would eventually lead to a bottom in the euro. Tune in now for more from U.S. Global Investors’ Frank Holmes. Kitco News, April 20, 2015.
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