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Portfolio Insurance With a Golden Shine

U.S. Global Investors' Frank Holmes thinks no one will get rich holding gold but that investors should still allocate 10% of their portfolios to the precious metal as an insurance policy against fiscal and monetary imbalances.

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Jeremy Glaser: For Morningstar.com, I'm Jeremy Glaser. I'm joined today Frank Holmes, CEO and Chief Investment Officer of U.S. Global Investors to find out his take on the global economy and how he thinks investors should allocate their portfolios.

Frank, thanks for joining me today.

Jeremy Glaser does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.