Regardless of a damaged economy, supplies continue to increase on the back of financial stimulus, which is bound to push gold costs also greater, this according to Frank Holmes, CEO of U.S. Global Investors.
Supplies are increasing "due to the trillions as well as trillions of dollars of money publishing from the helicopters of main lenders. The G20 main lenders, the G20 finance ministers, that's a cartel, like OPEC," Holmes told Kitco News.
Fundamentally, gold's supply shortage ought to also provide tailwinds, Holmes claimed.
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