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.
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