Passive investing has dominated markets for decades – but is that era over? In this Kitco News interview, Frank Holmes, CEO and CIO of U.S. Global Investors, explains why the next market cycle could upend everything investors think they know about index funds, gold, and capital flows.
From AI and data security to tariffs, Fed policy, and global de-dollarization, Holmes connects the dots on how geopolitics and technology are redrawing the investing map. He also weighs in on Bitcoin, gold miners, and the real implications of Trump’s tariffs and the Federal Reserve’s internal split.
Key Topics:
-Is passive investing collapsing?
-Why gold may outperform equities
-AI, drones, and the WAR ETF thesis
-Frank Holmes on Fed credibility and inflation risk
-Capital flows, debt costs, and market rotation
-Bitcoin vs. gold in the next global shock
-The impact of the Meta-Apple-ChatGPT data breach
-Will stablecoins reshape monetary power?
00:00 Introduction and Market Overview
00:17 Central Banks and Gold Reserves
00:44 Fed Policies and Economic Impacts
02:14 Gold vs. Bitcoin: A Monetary Protest
03:07 China’s Strategic Moves and Global Implications
22:32 Decentralization and the Future of Gold and Bitcoin
23:57 The Growing Threat of Cybersecurity Breaches
27:31 China’s Influence and Global Trade Dynamics
28:48 The Evolution of Thematic and Smart Beta Investing
36:51 The Future of Bitcoin and Stablecoins
#PassiveInvesting #FrankHolmes #Gold #Bitcoin #Fed #WARetf #Stablecoins #AI #KitcoNews
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The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.
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49 Comments
And they ripped! Good call!
Inflation is down?????
Which planet is he living on??
China is the biggest miner of gold in the world expect that they have over 30,000 tons as they produce 500 tons per year
The gold price will sit on the launch pad for a while doing nothing before going back into hyperspace. Its much better to have the physical asset rather than a potentially frustrating ETF which you constantly monitor, but there is a case for both at the right time.
China's goal is to topple the U.S. and dethrone the great Satan.
The U.S. will be destroyed from inside. Against it self.
BTC is a proven CIA/JAPAN creation. Those 2 countries own %90 of BTC. GOOD LUCK. Your gonna need it.
Gold value is based on war. Not dollar value. Rates were %2.5 dollars everywhere. Gold was 1500.
War and rumors of war Gold is soaring. Historical fact.
9
No, he said $20k gold. 150K-200K, yeah ok, my my 1986 Topps George Brett is worth more.
another nut talking about $20k gold. Did holmes have coffee with Michael Oliver pre show? Same talk on silver for a decade, they keep it so cheap to make too expensive to mine. Gold needs to hit $4k, before it hits $5k, after 5 is 6, 7, 8, 9, etc. Maybe Holmes believes in the BRICS, giving financial control to countries russia, china, brasil, iran, and south africa to name a few. YEAH, RIGHHHT! Gold corrects to $2683-$2787. Oh, this nut is wearing a bitcoin shirt.
Tariffs + Rate Cuts = Massive inflation
I would not call dedolarisation a hostile move, it just makes sense.
Nobody pays intentions the world produces 3000 metric tons every year
Lol, where does he get his geopolitical info? Undermines his message, which is good.
When gold backed electronic payments go mainstream it exposes bitcoin for what it is – THE TRANSFER OF TOKENS BACKED BY NOTHING!
I dont get why gold people in the comments here dont understand Bitcoin. Own both Gold and Bitcoin
CRCL instant retirement
This guy thinks that Ukraine knocked out 30% of all the Russians Air Force that's about the dumbest thing I've heard anybody ever say about the Ukraine Russia War
its surprising how gold is just doing its own thing right now. Central banks stacking it up while regular folks like us are still figuring out how to protect our savings. Inflation looks good, they say but rent and groceries haven’t gotten the memo.
gold is not decentralized. when gold prices drop mining companies increase their stockpiles. Same as when price goes up the mining companies then process their rich stockpiles and increase how much ore they process. This is not decentralized. When the gold price is open to revaluation. Far from decentralized.
this gold situation’s wild. I thought ETF inflows would be the main driver but it's the central banks hoarding like it's doomsday. Makes you think If the big players are shifting out of USD into gold, what are regular folks supposed to do?
Ft. Knox? People actually believe there’s Gold in Ft. Knox and this guy is running OPM? Geezus Ripken wake up the Gold is long gone 25 years ago.
Bitcoin has a production cost like gold. Historically bitcoin has bottomed in every bear market close to its production cost in 2022 it was 17k. Right now the production cost is 64k. Also it's hard for me to see a world where central banks allow that amount of deflation. We are more likely to see hyperinflation than significant deflation with the fiat regime constructed the way it is. In 1929 they had to sever the peg to gold and debase. Today they don't have to do that at all they just start printing. I'm gonna say a sub 5k call for BTC is head in the sand bearish but as always I reserve the right to be wrong. Fortunately grew a nest egg of around 2.3Bitcoin to a decent 24Bitcoin. in the space of a few months. I'm especially grateful to Alison Bruce, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
Listen to the language he’s used on China 😂. “Predatory, Assault” 😂😂 cry me a river. Genocidal supporters.
I’ll trust China before I ever trust the USA or any collective western imperialist/colonial country again. I’d trade in BOTH my western passports for a Chinese one in a heartbeat.
It’s not only time for the BRICS+ but time for the China, ASEAN and GCC to rule.
Down with the US$, their 800 bases caging the planet and down with the Euro to free the African continent.
Times up people.
What happens when the US government figures out that China is moving towards a gold backed currency? To protect the reserve currency they will need to make it tougher for China to acquire gold, they can do this by revaluing the US gold reserves. Geopolitically good for the US but inflation around the world will go crazy. Sounds like a typical Trump type move.
Like our leaders in Europe, you forget one major obstacle to Europe becoming some military & industrial super economy – we no longer have a cheap source of energy (Russian gas) plus our leaders are hell bent on taking us back to the stone age with our crazy net zero policies, making our energy the most expensive in the world. What are we gonna make all those planes, ships & tanks out of, £pound notes?
This guy lets his neocon fanaticism come out.
🧡
What about the Harry Dent crash? How is all that factored in?
I would never store any significant amount of money in crypto. Especially not bitcoin. 😂
Is it odd with the sustained increase in gold prices over the last few years there is still this mantra of under valued mining stocks. I can only assume that's true, buy why? Is it true? Is this a retail outlet for information (disinformation)? 😉
He's kinda saying it. Putting third world countries into debt for infrastructure. After the politicians of these countries who got their kickbacks and can leave. The country is (people are) left holding the debt with unfavorable terms. Is this communism or the best of what robber barons did under capitalism? 😉
When any investment is touted to the point that everyone wants…beware.
Tether is the FED. The tentacles of fiat currency……
A rapid fire mix of probably, maybe, not likely and no way, (crypto-Tulips). Very entertaining and insightful rolling commentary that reminds me of a Mike McGlone interview. Nicely done Jeremy.
Not every guest can be a star.
I'm 51yrs old. $40,000 weekly and I'm retired, this video have inspired me greatly in many ways that I remember my past of how I struggled with many things in life to be where I am today!!!!❤
Frank is awesome! Great insight. I agree 100%. Doesn’t have to be BTC vs Gold. I hold both assets equally for right now. 🏆🏆
It is 5% of german GDP but as a credit called “Sondervermögen“ and not from present budget but from future taxes.
Like 10 people own 1/3rd of Bitcoin, that means it's centralized and controlled by them
Political elites are a very evil destructive force.
China is dedollarizing because the dollar is garbage
Smart money is rolling into crypto, not gold
BS gold and silver prices have been manipulated and keeps happening.
This guest is an idiot.
Frank is one of KITCO's best guests🎉
Gold is also passive investing. 😂
Gold, BTC, quality global stocks, yes, however not property, if the U.S. dollar gets hyperinflation everything becomes worthless in that country, only global assets survive. Yes assets will go up against the U.S. dollar, however the U.S. dollar would become worthless compared to other currencies or global assets. As for property in the U.S, property is a national fiat asset, it would go up in value against the U.S. dollar, however not in other currencies or global assets. .. Anyone feeling the impact of these economic shifts should consider Crypto long-term trading strategies to protect their assets. My advice to anyone feeling the heat in this inflation, just trade long term more than ever, I have made over 520k from day trading with Alease Chabrak in few weeks, this is one of the best medium to backup your assets incase it goes bearish
40% of the world want something intangible as a wealth preservation? I call bs on that. Maybe 40% of Americans.
Bitcoins, crypto coins etc are all vapour assets. Nothing physical & subject to manipulation by financial whales. Quantum AI will break the Passcode & subject to Cyper criminals hacking & thefts.
did he say jobs on farms?