Gold price to hit $4,000 in 3 years, real inflation is at 12 % – Frank Holmes

Inflation is rising out of control and investors should hold cryptocurrencies, gold and real estate to protect their wealth, said Frank Holmes, CEO and CIO of U.S. Global Investors, and executive chairman of Hive Blockchain Technologies.

In an interview with Kitco News’ Editor-in-Chief Michelle Makori, Holmes, whose firm manages more than $4 billion in assets under management, said that inflation is significantly understated. He added that if inflation was calculated by traditional methods, it would be up 12%.

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