Monday, October 6, 2014

Gold Seek Radio interviews Bill Murphy

Finally a mention of Ebola and precious metals, other than my observations of over two months ago (see here). Whilst Bill is correct Ebola could threaten gold mining operations in parts of Africa the risk to supply is minimal as mining contributes less than 2% of available supply on an annual basis. Even this is offset by the fact the vast majority of gold is mined in Australia, China and North America. What should concern Bill is Ebola and Platinum, as 90% of the world's annual mine supply comes from Southern Africa and unlike gold there are no global stockpiles, if anything the world is currently in deficit.   

From Radio