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Scarcity is working in favor of the gold sector

Scarcity is working in favor of the gold sector

FromKitco NEWS Interviews


Scarcity is working in favor of the gold sector

FromKitco NEWS Interviews

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)

Listen to a reprise of Kitco's interviews with top newsmakers.