Barrick Gold Corp T.ABX

Alternate Symbol(s): GOLD

Metals & Mining Gold

Barrick Gold Corporation is a Canada-based gold and copper producer. The Company is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company has ownership interests in producing gold mines that are located in Argentina, Canada, Cote d'Ivoire, the Democratic Republic of the Congo, the Dominican Republic, Mali, Tanzania and the United States. The Company’s operations include Nevada Gold Mines, Bulyanhulu, Hemlo, Jabal Sayid, Kibali, Loulo-Gounkoto, Lumwana, North Mara, Porgera, Pueblo Viejo, Tongon, Veladero and Zaldivar. Its Bulyanhulu operation is located in north-west Tanzania, approximately 55 kilometers (km) south of Lake Victoria and 150 km southwest of the city of Mwanza. The Hemlo operation is located north of Lake Superior on the Trans-Canada Highway, approximately 35 km east of Marathon, Ontario, and it is an underground operation.

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Barrick Gold Corp

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Comment by bugoffon May 30, 2013 5:25pm

87 Views

Post# 21463214

RE: RE: RE: Up 7.2% and no comments??

What about paper money?... I don't see how you came to leap to paper money from gold... there is no connection between the two now-a-days.

Gold hasn't been the dominant form of money since the gold standard died. Governments don't need to have gold onhand to back their currencies, so in essence 100% of the gold sold/traded for anything other than electronics or jewlery could vanish in a heatbeat because there is no "manditory demand" for it to back ANY currency.

I really wonder if you understand what you are invested in.

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