20 min listen
Scarcity is working in favor of the gold sector
Scarcity is working in favor of the gold sector
ratings:
Length:
12 minutes
Released:
Oct 21, 2020
Format:
Podcast episode
Description
Not only are macroeconomic conditions still positive for gold, but the scarcity of supply also runs in the metal’s favor, according to Rahul Paul, president of Radisson Mining Resources (TSXV: RDS.V).“Because of the lack of spending over the last several years, we haven’t seen as many new discoveries, so we’re now beginning to see a scarcity premium. We’re essentially running out of gold reserves, which is why investors, for that matter large producers, are now looking at and paying more attention to exploration companies like Radisson,” Paul said.
Released:
Oct 21, 2020
Format:
Podcast episode
Titles in the series (100)
E.B. Tucker: $2,500 gold price target and how to fight 'war on wealth' during Biden presidency: With odds now stacked heavily in Joe Biden’s favor, it’s now looking more likely that the next four years will see a Democratic president in the White House. E.B. Tucker, director of Metalla Royalty and “Why Gold? Why Now? The War Against Your Wealth and How to Win It” said that gold and gold royalty stocks still remain the ultimate weapons against the “war against wealth.” Tucker said that bigger government, more government intervention, and low interest rates are all likely to persist during a Biden Administration, creating tailwinds for gold. Tucker maintains $2,500 an ounce by the end of the year as his gold price target. by Kitco NEWS Interviews