Barrick Gold Corp T.ABX

Alternate Symbol(s): GOLD

Metals & Mining 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.

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Barrick Gold Corp > Gold and inflation 2023

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Comment by Cobalton Feb 16, 2024 12:19pm

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Post# 35884382

RE:Gold and inflation 2023

Good work as you are right, media is wrong and dont care to find the truth lol gold does not move on inflation, it is 89% correlated to the ten year real rate you can see it peack in oct 2.25% and gold bottomed, 1.94% now.

BUYSilverGold wrote: Well Gold was up 10% in 2023 that 10% helps little against street level real inflation vs the msm inflation data, NFG was down 16% in 2023 so why no inflation hedge?

ABX, AEM the same up 4% and 6.6% in 2023

I've watched far too many experts telling their viewers gold n silver are inflation hedge investments well the math doesn't add up

crazy times I guess the dance tune changed and I didn't notice as oil has been a better inflation hedge