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Bullboard - Stock Discussion Forum 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... see more

TSX:ABX - Post Discussion

Barrick Gold Corp > 1970s = Today?
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Post by tootall123 on Nov 25, 2023 12:29pm

1970s = Today?

Stagflation in the 1970s combined high inflation with uneven economic growth. High budget deficits, lower interest rates, the oil embargo, and the collapse of managed currency rates contributed to stagflation. Under Federal Reserve Board Chair, Paul Volcker, the prime lending rate was above 21% to reduce inflation.
Comment by tootall123 on Nov 25, 2023 12:50pm
Jan. 1970 gold was at $35.00 and 10 years later Jan. 1980 gold hit a high of $850.00 = + 2300%   Today gold $2,000 +2300% = $48,000 ?   GOLD IS KING....
Comment by tootall123 on Nov 25, 2023 2:50pm
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Barrick Gold Corp
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