Logistical and supply-chain problems continue to create a liquidity situation in the gold market, yet Will certainly Rhind, CEO of GraniteShares, claimed that there is enough supply of the rare-earth element to meet need, at least for now.
However, he likewise added that there could be much more supply problems in the long-term as the COVID-19 pandemic is affecting mine manufacturing. Taking a look at rates, Rhind said that the supply issues coupled with expanding financial investment demand as government and also reserve banks flooding markets with cash money will continue to drive gold prices higher via 2020.
" I think if we recall to what happened in 2008 and also what is taking place once again. After that we almost certainly will see a new all-time high in the gold price at some point, if not this year, then I think next year," he said.
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