If history repeats itself, gold prices headed to $4,000 in three years – Frank Holmes

Gold prices have seen a positive correlation to the expansion of the Federal Reserve’s assets, and as the Fed embarks on the largest stimulus program in its history, the yellow metal is set rally in the same fashion as in the aftermath of the last recession, said Frank Holmes, CEO of U.S. Global Investors.

“In the next three years, if we look back, if [history] repeats itself, from 2008, 2009 to 2011, that three year run saw gold go from a $750 - $800 range up to $1,900. If we forecast that because we have the same expansion of the balance sheet of the Fed then it would project, if cycles are exactly the same, gold could go to $4,000,” Holmes said.

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[davidleaver]

Nah....Gold will hit $4, 000 well before 3yrs!!! This economy is plummeting!

[heatherb.]

3 years?!? We will probably all be dead or enslaved within 3 years. Lol

[Brandon-jwcv]

The average robinhood investors I know are not savvy investors at all. They are more gamblers trying to make massive short term gains by investing in the riskiest stocks and not be the last guy holding the bag when the market implodes. That's the sense I get from them anyways.

[Doyle-Nutbush]

Frank is an optimist. Doesn't seem to understand that millennial's will get crushed along with the equities as the Fed will not print forever and our economy in the next 24 months will come crashing down. Otherwise a smart guy.

[JeffreyViews]

Once the reset hits, gold will be north of $30, 000.

[Lucas-pkmu]

Great interview. Good questions. Always great to listen to Frank.

[leemosey]

“History doesn’t repeat itself but it sure does rhyme” Mark Twain

[annakryzilinski]

In three years? By then the US will cease to exist in it's present form. In this year's hyperinflationary environment the price of gold in worthless fiat currency is meaningless.
Value is not price and vice versa
Try harder, Frank.

[jockojohn]

No will be $10K in 1 1/2 yrs. Oh wait, it's really $50K in 5 more important is - will we even have a "the dollar" as it now exists in its current form....or well we have an SDR type thing or some new digital currency? Will the conversion process to a new currency lop off one, two, or three "zeros" off of your current fiat savings so that you have ten, one hundred, or 1000 times less than you have now? Will we be in WW3, where simply staying alive will be the priority? No one knows is the real answer. Just get some gold as a means to hold some buying power while fiat currency fails

[galianadrian]

"Some business are opening many are going to 'not open'

[ILLUMINATOR]

James Sinclair prediction is $50, 000.by 2025. So sell your gold to these guys for $4, 000.🤔

[jimhendricks]

If history repeats itself, gold (and silver) will continue to be suppressed by naked short selling. It's sad and not right, but it will take major reform in the futures markets and naked short selling for gold (or silver) to find true price discovery.

[georgeemil]

What about the $9000 gold and triple-digit silver price?

[fedup]

$4000? More like $20000. That’s just for M1...

[zadeh]

don't wait till xmas.it is now 04-08-2020.
gold just went over $2000.
$4000 gold will come well before his 3 year time line.

[blackhole]

Gold at 4K. That will be a blink on its way to 100k to 1M as the current system implodes. Silver will soar right along with gold. Concern: what will the world look like at those levels as 99%+ of the population has no PMs.

[johnfaruzzi]

Frank Holmes is always fun to listen to! Education you name it!

[chrissummerfield]

Now one really knows 💯, it will be a good ride think gold and silver are going to do really well lmo.great video thanks again 👍

[Silverhands]

Gold is not going anywhere for a year. Silver will continue to flat line. Stack responsibly, live your life.

[PreciousMetalinvest]

11:12
Also People working from home who now have 200/300 a month of fuel / travelling costs saved up