Hey, miners, hold some gold – Frank Holmes on lessons from Bitcoin companies

Gold miners could use a little more conviction in the product they sell, said Frank Holmes, CEO and chief investment officer at @USGlobalInvestors . In early June, Holmes spoke to Kitco Mining. Gold has been hitting all-time highs in 2024, but the gold mining companies have lagged behind. The GDX, the gold mining index, is only up 12% year-to-date. Some enthusiasm for the metal the miners produce could help, said Holmes. Holmes said gold miners are holding less gold on their books, unlike cryptocurrency companies. “I think gold miners—like Bitcoin miners—have to show investors their conviction that they really like the product, and that they’re going to own it,” said Holmes. “You have many more crypto mining companies [that] actually own Bitcoin.” Coverage of the THE Mining Inv