Daily Reckoning/James Rickards/3-23-2022

“The stars are aligning for gold. A combination of geopolitical tumult, supply chain problems and inflation all point to much higher gold prices. … If you believe that the war in Ukraine will end soon, that global supply chains will heal quickly and that inflation is transitory, then you’re probably in for a rude awakening. In fact, none of those things is likely. Even if the shooting stops in Ukraine soon, something that is not at all assured, the geopolitical consequences will dominate events for years or decades.”

USAGOLD note: We referenced Rickards’ latest on gold in yesterday’s Daily Market Report and repost the link here today for those who may have missed it. Rickards, to put it in a nutshell, is not as optimistic as some on Wall Street or in the press. “It’s important to buy gold now,” he says, “because this process is just beginning.”