Frank Holmes: Gold Wakeup Call in Progress, US$3,000 Now “Pretty Simple”

In his view, it would be ‘pretty simple’ for the yellow metal to reach US$3,000 per ounce in the next 12 months.

Looking longer term, Holmes mentioned much higher levels for gold as well as silver.

‘Silver is very inexpensive — I think that silver should be US$100 an ounce personally. And I think that gold should be around US$7,000 based on my math of money printing, etc.,’ he said. ‘So I think there’s lots of upside — buy the dip!’

Watch the interview above for more from Holmes on gold and silver.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.