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Barrick Gold Corp T.ABX

Alternate Symbol(s):  GOLD

Barrick Gold Corporation is a Canada-based gold and copper producer, which is engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. It 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. It has ownership interests in producing copper mines in Chile, Saudi Arabia and Zambia. Its 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.


TSX:ABX - Post by User

Bullboard Posts
Comment by bigbank91on Sep 19, 2013 11:24am
185 Views
Post# 21751542

RE:RE:RE:bigbank, so now what?

RE:RE:RE:bigbank, so now what?here is why i think Japan is a good investment idea,
Inflation (QE) vs Hyperinflation + world markets (abenomics)

when you declare hyperinflation you are transfering wealth from fiat to assets.
elites hold all the fiat, citizens hold some assets and get paid in fiat.
what i have been hearing is people are exchanging their yen for gold as soon as they get paid as tommorow its worth less. Japan is buying UST as soon as they print.
they can borrow from themseles at .7% and buy UST at 2.5% while weaking the yen.
so when it comes time to pay they sell a UST to buy yen and pay and make money on the interest and forex exchange as yen is worthless.
the wealth transfer in Japan is almost going from elites to citizens if the citizens exchange the yen.

with a very weak yen Japans exports are booming and they have the best stuff  Electronics and Cars. Jobs for everyone that can exchange for gold.
with a weak yen imports should drop as consumers yen is too weak, also they will spend now rather then save yen as the yen weakens.

their debt might be increasing on paper but the borrowing rate is free .6% and will be easy to pay off when it comes due as they are going to increase sales tax which their population wont care about.




Bullboard Posts