Are we about to run out of gold? Will gold prices explode the near future?

Editor's comments: From one of the investment gurus that I follow who believes gold is running out leading me to be even more bullish on gold.

I will say though I am twice as bullish on silver because as silver prices rise it is still very affordable.

Dear Reader,

Jim Rickards here.

You need to take a look at this tweet…

It shows how over the last decade the amount of gold found has plummeted by 85%.

What does this downward spiral in newly discovered gold mean for you?

Well, gold prices are dominated in the short-run by the synthetic paper gold market; physical supply is mostly irrelevant.

Players on the physical side are price takers, not price makers. This has been true for years, but now the tables may be turning.

I've received first-hand reports of shortages of physical gold from refiners. Vault operators have told me physical gold holders are taking gold out of banks and putting it into private vaults where it is no longer available to prop up the paper market.

Now even the miners are saying they're running out of gold.

Due to the price decline since 2011, new mines are not opening, output from existing mines is declining, old mines are being shut-in, capex is being cut, and reserves are being reduced.

In my book The New Case for Gold – which you can claim a FREE copy of here – I explain why this is a recipe for a gold price super-spike.

The New Case for Gold cuts through all the noise that comes from the mainstream media and helps you to understand the gold market on a much deeper level.

Click here to find out how to claim your FREE copy now.