Frank Holmes: Gold "Absolutely" Still a Buy

In an recent report by Aaron Task, Frank Holmes said, Gold jumped back above $1300 per ounce Tuesday morning and "absolutely" has more upside ahead. Frank Holmes is CEO and CIO of U.S. Global Investors, which has about $2.6 billion of assets.

In the article Holmes adds, Despite all the hype about its multi-year rally, gold is actually lagging many other commodities in that it hasn't yet eclipsed its 1980 high on an inflation-adjusted basis...the same is true of silver.

There is no bubble "in gold, its a pretty easy lay-up that gold can double" from here over the next 5 years.

Some popular gold related stock include SPDR Gold Trust ETF (NYSE: GLD) and Market Vectors Gold Miners ETF (NYSE: GDX)