James Rickards: Gold Will Start Heading Higher On ‘Dwindling’ Supply

Jon Government

James Rickards via Daily Reckoning
Gold was down after the Fed’s hike, but I expect it to start heading higher again. Too many powerful forces are driving it behind the scenes. Dwindling physical supply is a major one.
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On a recent visit to Switzerland, I was informed that secure logistics operators could not build new vaults fast enough and were taking over nuclear-bomb proof mountain bunkers from the Swiss Army to handle the demand for private storage.

This post was published at Gold Core on June 19, 2017.