The biggest reason for optimism about investment in all commodities is population growth. Half of the world's 6 billion people live in economies growing at 6 percent a year, but there have been no major gold, oil or copper discoveries.
More Quotes from Frank Holmes:
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.Frank Holmes
Once reconstruction really gets under way in New Orleans and the Gulf Coast, we're expecting to see a surge in appliance manufacturers by mid-October, ... That could give some of the durable goods names a better profile.
Frank Holmes
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.
Frank Holmes
Having lost touch with Parks for more than 25 years, Holmes drafted a letter to his old associate and gave it to a mutual friend, singer-songwriter Steve Young, to deliver. I got a phone call from Van Dyke, ... 'Surf's up' he said.
Frank Holmes
Based on historic ratios between gold and oil, gold should now be over 500 an ounce,
Frank Holmes
There are many components here that are driving gold, and they sort of rotate around. It's not linear.
Frank Holmes
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We can't answer King's assassination with violence. That would be the worst tribute we could pay him.
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I didn't choose solitude.
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