Video – Thu 14 Jun, 2012

Frank Holmes Sees Deflation Everywhere

Frank Holmes, CEO and CIO of U.S. Global Investors, chats with Al Korelin about the state of the current markets, deflation, and QE3.

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Al KorelinFrank Holmes

  1. On June 14, 2012 at 3:01 pm,
    Richard says:

    Frank is right on. We’re seeing deflation big time. However, the gold charts for the first time in a long time are starting to look interesting again.

  2. On June 14, 2012 at 6:07 pm,
    frr says:

    deflation in financial assets and inflation everywhere else. Maybe we’re having a pause right now, though that again is part intervention and new energy by “frackin’ ” oil and gas bubble, which is already proving to have a much shorter live span, than formerly suggested.
    While I don’t want to spoil the party – and some sources feel shale oil and gas is even more plentiful than the mid east oil – I’d guess that before the US transport fleet is equipped for the new sources they may have already run out. It seems to be an equivalent chimera than abiotic oil…
    By instinct I would feel that inflation is purely a monetary phenomenon, and while the cyber printing presses are running overtime, monetizing bad bank credits, and not really filtering down to the consumer Frank Holmes may be right for now.
    As reality sets in, though, that ever more credit is needed to avoid total collapse of the global monetary system, id est piling debt on debt to cure the already irredeemable debt problem, a total deflationary default and system breakdown, or an inflationary environment, culmulating in destructive hyper inflation, won’t be much different an outcome for those not even contemplating either.
    Got gold and some silver … get more!

  3. On June 14, 2012 at 6:18 pm,
    Matt says:

    June 6,2012

    Will you guys ever understand that currency induced cost push inflation is a currency event and both what you think deflation is business wise occurs along with hyper inflation?

    I have explained this at least 1000 times since 2001.

    Jim Sinclair