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The miner's next worry after COVID-19: nationalization

Kitco News

With most countries' balance sheets stretched and gold prices rising, miners next worry may be holding onto their revenues said Remi Piet, senior director at Americas Market Intelligence.

Piet spoke to Kitco on Friday.

Piet's firm has forecast gold hitting $2,000, which he said will create more security problems for miners. Criminal gangs will target mining operations. The other worry is the governments themselves.

"There is a temptation to raise royalties," said Piet who warns that miners must understand the country dynamics where they operate and who they can trust.

Listen to our conversation with Remi Piet.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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