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We're enduring a duration of "geological rising cost of living" which describes a setting of ever raising demand for metals, however diminishing reserves, claimed Randy Smallwood, CEO of Wheaton Priceless Metals.
" It is getting harder and also harder to discover properties, to locate possibilities, to expand, to locate exploration," Smallwood stated.
0:00 – Significant difficulties encountering miners
2:06 – Dwindling reserves
5:00 – What occurs if there were no miners?
8:59 – Gold price and supply
12:25 – Gold's industrial uses
14:15 – Manufacturing advice
16:02 – Wheaton's 2020 economic outcomes
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Is there really a shortage of gold and silver? Randy Smallwood explains 'geological' inflation
We're living through a period of "geological inflation" which describes an environment of ever increasing demand for metals, but dwindling reserves, said Randy Smallwood, CEO of Wheaton Precious Metals.
"It is getting tougher and tougher to find assets, to find opportunities, to grow, to find exploration," Smallwood said.
0:00 - Major challenges facing miners
2:06 - Dwindling reserves
5:00 - What happens if there were no miners?
8:59 - Gold price and supply
12:25 - Gold's industrial uses
14:15 - Production guidance
16:02 - Wheaton's 2020 financial results
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
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