Frank Holmes on CNBC

http://www.cnbc.com/id/15840232?play=1&video=1538504084

When you go back and look at the drivers, gold doesn’t have to go up because of inflation. It can go up as I’ve said many times for many years on your program, it’s going up on deflation. And whenever you have big currency instability, either big inflation or deflation, gold starts to perform as an attractive asset class.
And the other key factor and all the research shows that whenever we have negative interest rates and you have big deficit spending, gold starts to perform as real money.