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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

Comment by Welchspringon Mar 06, 2021 1:34pm
176 Views
Post# 32736499

RE:RE:RE:RE:RE:RE:Predictive Modelling Suggests New Gold Rally To $2300+,

RE:RE:RE:RE:RE:RE:Predictive Modelling Suggests New Gold Rally To $2300+,Personally I don't believe in cryptocurrencies in that it has no official value. If governments allow legal market usage of crptocurrencies this will only happen with controlled meassures. Market controls on the usage of cryptocurrencies will depreciate the true value. 

I read an article this morning published by JP Morgan on Biticon. There is a lot of discussion on the value of Biticon. It is all over the map - hard to place a value but what was interesting in the article was it is not a safe haven asset until there is a defined usability. IMO in order to gain usability the governments will want to know who owns the cryptocurrency before it is usable in a market society. Currently the gem that places personal value with cryptocurrencies is based on the block chain application. You can not identify who owns the cryptocurrency.  What does that tell you being government? I'm sure alarm bells are going off amongst all government levels. This will not go on much longer before governments place restrictions and controls on cryptocurrencies.

In terms of bond yields if the interest percentage continues to increase it will hurt the US GDP in a big way. If interest rates continue to increase the Fed Reserve will need to intervene otherwise the US debt will balloon so much that it impacts the GDP.
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