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Not just are macroeconomic problems still positive for gold, however the shortage of supply likewise runs in the steel's favor, according to Rahul Paul, president of Radisson Mining Resources (TSXV: RDS.V).
" Because of the absence of spending over the last numerous years, we haven't seen as many brand-new discoveries, so we're now starting to see a deficiency premium. We're essentially lacking gold reserves, which is why investors, for that matter large producers, are currently looking at as well as paying even more interest to expedition firms like Radisson," Paul stated.
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Mining sector running out of gold reserves – Radisson Mining Resources
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.
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