What Is China’s Ulterior Motive For Gold? – Frank Holmes

[youtube QGDi-pXsEyk]

It’s Monday and that means Frank Holmes is on Kitco News to talk about gold for the week ahead. He touches on China’s role in the global economy and thinks the Chinese have a long-term strategy for their currency. “There is a real shift going on regarding gold – the physical gold going into China – and I think they have a long-term plan,” he says. “They’re out there with a strategy; it appears, to build a huge critical base to support their currency.” Looking at the gold price, Holmes says he expects the price of the metal to rise given that the supply is expected to contract in the coming year. He adds that he doesn’t focus much on price moves but rather looks at gold’s “DNA of volatility.” A rise and fall of $200 in the gold price may just be part of its DNA, he says. What will be gold’s touchdown pass this week? Tune in now to find out! Kitco News, December 8, 2014.

Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: www.kitco.com/newsletter

Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: http://kitcomm.com — Or join the conversation on social media: @KitcoNewsNOW on Twitter: http://twitter.com/kitconews — Kitco News on Facebook: http://facebook.com/kitconews — Kitco News on Google+: http://google.com/+kitco — Kitco News on StockTwits: http://stocktwits.com/kitconews

As well as the most accurate precious metal prices online, Kitco also provides up-to-the-minute news with usable market information. Videos provided by and © Kitco.