A few days ago the Warren Buffet of Resources, Marin Katusa, warned of a coming War on Gold which will hit gold mining stocks. Governments which are not allied to the US will be shut out from the US dollar system and forced to raise dollars through gold. They will be shut out by being denied to access to US dollar swap lines. Read more here.

So which gold mining stocks will be affected and how badly will they be affected? Our new guest contributor Charlie Chan (not his real name) has crunched the numbers for us!

Charlie has analysed the data for GDX and GDXJ, the exchange traded funds for the senior and junior gold producers respectively. Here is a summary of his results:

GDX

• 50 gold mining stocks make up GDX
• 32 out of the 50 miners (64% of the miners) have mines in countries without swap lines, and are at risk
• Of those miners, 8% to 100% of their mines are at risk
• 36% of the gold produced is at risk

GDXJ

• 80 gold mining stocks make up GDXJ
• 39 miners of the 80 miners (49%) have mines in countries without swap lines, and are at risk
• Of those miners, 8% to 100% of their mines are at risk
• 37% of the gold produced is at risk

Detailed results are provided below.

Pro-tip: Use the data below to create your own whitelists and blacklists of miners you can invest in!