Frank Holmes: Gold and Bitcoin to the Moon

Tom welcomes back Frank Holmes, CEO and Chief Investment Officer of U.S. Global Investors. Frank discusses why the election results and a split house may be the perfect scenario for the stock market and the ideal scenario for gold. G20 Central bankers have been functioning as a cartel since 2008 by synchronizing taxation and regulation. Now they are playing with MMT, zero interest rates, and monetary stimulus. However, they have redefined the CPI, and today if you use the old model, inflation is running at close to eight percent. Smart people are buying real assets like art, gold, silver, mining equities, and bitcoin. Frank discusses the PMI index and how it reflects forward industrial demand. He expects a robust economy over the next six months. The government is spending trillions, and when that happens, gold rises dramatically. Gold could quickly go to $4000 due to the amount of debt creation. Frank points out that gold has been positive 17 years out of the last 21 and has outperformed the S&P 500 by 2.5 times. This lockdown has brought many Millenials to invest in the more speculative side of the stock market. Many are investing in ETF's and junior stocks. Gold stocks are showing up along with other common stocks due to their free-cash-flow. Institutions and big investors are starting to take notice. Frank discusses the crypto markets and how Hive Blockchain is performing very well as a stock market proxy for Bitcoin and Ethereum. Talking Points From This Episode * Politics, Media and Sentiment* Central Banks, MMT & CPI* Money Printing and Gold to 4K* Bitcoin, Gold, and Mining Equities Time Stamp References:0:00 - Introduction0:50 - Election Outcome1:44 - Stimulus, MMT, and equities.4:42 - Capital/Bonds Changing6:15 - PMI Index & Commodities8:26 - Debt Creation and Gold11:05 - Millenials & Liquidity13:40 - Free-Cash-Flow in Mining16:05 - Majors Going Mainstream16:40 - Euphoric Media & Markets18:42 - Royalty Companiesd22:43 - Bitcoin & Hive Blockchain26:00 - Gold & Bitcoin Guest Links:USFunds Twitter: https://twitter.com/USFundsUSGlobal ETFs Twitter: https://twitter.com/usglobaletfsFacebook: https://www.facebook.com/pages/US-Global-Investors/77329765099Website: http://usfunds.com Frank Holmes is the CEO and chief investment officer of U.S. Global Investors. Mr. Holmes purchased a controlling interest in U.S. Global Investors in 1989 and became the firm's chief investment officer in 1999. In 2006, Mr. Holmes was selected mining fund manager of the year by the Mining Journal, and in 2011 he was named a U.S. Metals and Mining "TopGun" by Brendan Wood International. In 2016, Mr. Holmes and portfolio manager Ralph Aldis received the award for Best Americas Based Fund Manager from the Mining Journal. He is also the co-author of The Goldwatcher: Demystifying Gold Investing. More than 30,000 subscribers follow his weekly commentary in the award-winning Investor Alert newsletter, read in over 180 countries. Under his guidance, the company's mutual funds have received recognition from Lipper and Morningstar; two trusted independent financial authorities. In 2015, Mr. Holmes led the company into the exchange-traded fund (ETF) business with the U.S. Global Jets ETF launch, which invests in the global airline sector. In 2017, U.S. Global Investors made a strategic investment in HIVE Blockchain Technologies, listed in Toronto, and Mr.