{"id":3961,"date":"2022-02-24T12:53:06","date_gmt":"2022-02-24T04:53:06","guid":{"rendered":"https:\/\/sellgoldmalaysia.com\/?p=3961"},"modified":"2022-02-24T12:54:47","modified_gmt":"2022-02-24T04:54:47","slug":"gold-is-going-to-3000-when-war-breaks-out-but-bitcoin-will-still-lag-heres-why-frank-holmes","status":"publish","type":"post","link":"https:\/\/sellgoldmalaysia.com\/bm\/gold-is-going-to-3000-when-war-breaks-out-but-bitcoin-will-still-lag-heres-why-frank-holmes\/","title":{"rendered":"Gold is going to $3,000 when war breaks out but Bitcoin will still lag, here\u2019s why \u2013 Frank Holmes"},"content":{"rendered":"\n

24 Feb 2022<\/p>\n\n\n\n

By David Lin, kitco.com<\/a>:<\/p>\n\n\n\n

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Tensions continue to rise in Eastern Europe as Russian President Vladimir Putin vowed a \u201cstrong response\u201d to the West if sanctions continue.<\/p>\n\n\n\n

Frank Holmes, CEO of U.S. global investors said that gold has historically performed well during political crises and sees the price climbing as much as 50% higher from current levels.<\/p>\n\n\n\n

\u201cIt\u2019s a non-event for gold to go up or down 20% in a year,\u201d Holmes told David Lin, anchor for Kitco News. \u201cTwo years ago it went up two standard deviations for the first nine months, so it were to do that again, then it could go to $2,800. That would be up two standard deviations, and that wouldn\u2019t be extraordinary. Three standard deviations over twelve months is. I think [gold] is undervalued. I think it\u2019s probably worth about over $4,000 if you use money printing number data, then you\u2019re talking $7,000 or more. I feel comfortable that gold can easily run to $2,500 or $3,000.\u201d<\/p>\n\n\n\n

Bitcoin, on the other hand, has not reacted as positively to rising geopolitical tensions in Ukraine.<\/p>\n\n\n\n

\u201cI think when you look at gold, its breath and depth, historical significance as a wonderful asset, is really showing up when you have war. Bitcoin is a new phenomenon. It\u2019s over a decade old. It\u2019s new, and its ecosystem around the world is new. Yes, it\u2019s widely embraced by generations X, Y, and Z and millennials, in particular, but gold has a phenomenal historical significance that whenever there\u2019s big inflation or there\u2019s political turmoil, that gold is the asset class of choice,\u201d he said.<\/p>\n\n\n\n

Wars and geopolitical tensions have, in the past, provided tailwinds for gold, and Bitcoin still needs to overcome its regulatory challenges before it takes off, Holmes said.<\/p>\n\n\n\n

\u201cHistorically, it\u2019s been gold, so I would stick with that. I think once we get more rules and regulations come into the ecosystem, then Bitcoin will take on its next leg,\u201d he said.<\/p>\n\n\n\n

Read more at the original post here<\/a>:<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

24 Feb 2022 By David Lin, kitco.com: Tensions continue to rise in Eastern Europe as Russian President Vladimir Putin vowed a \u201cstrong response\u201d to the West if sanctions continue. Frank Holmes, CEO of U.S. global investors said that gold has historically performed well during political crises and sees the price climbing as much as 50%… Read More »Gold is going to $3,000 when war breaks out but Bitcoin will still lag, here\u2019s why \u2013 Frank Holmes<\/span><\/a><\/p>","protected":false},"author":1,"featured_media":1936,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[21,14,22,15],"tags":[],"class_list":["post-3961","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economic-collapse","category-economy","category-global-reset","category-gold"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sellgoldmalaysia.com\/bm\/wp-json\/wp\/v2\/posts\/3961","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sellgoldmalaysia.com\/bm\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sellgoldmalaysia.com\/bm\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sellgoldmalaysia.com\/bm\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sellgoldmalaysia.com\/bm\/wp-json\/wp\/v2\/comments?post=3961"}],"version-history":[{"count":1,"href":"https:\/\/sellgoldmalaysia.com\/bm\/wp-json\/wp\/v2\/posts\/3961\/revisions"}],"predecessor-version":[{"id":3963,"href":"https:\/\/sellgoldmalaysia.com\/bm\/wp-json\/wp\/v2\/posts\/3961\/revisions\/3963"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sellgoldmalaysia.com\/bm\/wp-json\/wp\/v2\/media\/1936"}],"wp:attachment":[{"href":"https:\/\/sellgoldmalaysia.com\/bm\/wp-json\/wp\/v2\/media?parent=3961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sellgoldmalaysia.com\/bm\/wp-json\/wp\/v2\/categories?post=3961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sellgoldmalaysia.com\/bm\/wp-json\/wp\/v2\/tags?post=3961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}