Scarcity is working in favor of the gold sector
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).
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Show Notes
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.