Here are some of Frank Holmes’s other forecasts:

“I think that in the second half of the year as Japan starts to turn around its economy and car sales are picking up, zinc could be one of the top performers in the commodities sector,’’ he said.

Platinum could be also another performer.

“If the enthusiasm for silver maintains itself, people keep buying the coins, and there is no excess silver coming out of China, then I think that silver has a lot of potential also,’’ Holmes said.

“I think oil is at US$200 a barrel in the next five years.”