Frank Holmes
Frank Holmes
based gold historic
Based on historic ratios between gold and oil, gold should now be over $500 an ounce,
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What's happening is they're going from dancing to rave music, with 1000 beats per minute, to waltzing in China.
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The secular bull market in commodities remains intact. We are proud that our passion, models and process have guided us to be a leader in performance again.
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Right now, we have negative real rates of return on Treasury bills and massive deficit spending. Historically, a currency can't be strong with those two factors.
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We believe the secular bull market which began in 2000 will last until 2020. Navigation of this secular bull market will continue to be challenging and volatile.
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That's the real bear case -- rates rise in the United States, exasperating home and car sales. For the government to bail the economy out, there would be more massive deficit spending.
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With all the demands on my time as Chief Executive Officer and Chief Investment Officer, I am happy that Jerry Rubinstein has accepted the leadership role as chairman of the board of directors of U.S. Global Investors, Inc..
artwork van via
So here comes the allegorical artwork via Van Dyke's metaphorical lyrics,
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Money will flow to where there are solid returns on capital. There are great opportunities in Eastern Europe and other emerging markets. We're seeing economic growth twice that of the U.S. but stocks are trading at a discount.
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Most 401(k) plans give employees limited investment choices such as domestic equity and fixed income products. Following MIT's lead, we believe other retirement platforms will broaden their offerings, as they understand the importance of how these asset classes work as part of a diversified portfolio.
components driving sort
There are many components here that are driving gold, and they sort of rotate around. It's not linear.
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While I was doing my thesis, I got the job, ... I thought that was a good way to leave art school. It was a boost. Then it went away. I just forgot about it.
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With 3 billion people consuming 20 million barrels of oil per day . . . it is more likely that gold will rise before oil falls, because oil won't fall much.
added family funds honored mit retirement
Naturally, we are honored that MIT has added our family of funds to its employees' retirement plans,