There is Enough Gold Supply to Meet Demand… For Now – GraniteShares

from Kitco NEWS

Logistical and supply-chain issues continue to create a liquidity crisis in the gold market, but Will Rhind, CEO of GraniteShares, said that there is enough supply of the precious metal to meet demand, at least for now.

However, he also added that there could be more supply issues in the long term as the COVID-19 pandemic is impacting mine production. Looking at prices, Rhind said that the supply issues coupled with growing investment demand as government and central banks flood markets with cash will continue to drive gold prices higher through 2020.

“I think if we look back to what happened in 2008 and what is happening again. Then we almost certainly will see a new all-time high in the gold price sometime, if not this year, then I think next year,” he said.

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