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Bullboard - Stock Discussion Forum 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... see more

TSX:ABX - Post Discussion

Barrick Gold Corp > Gold and inflation 2023
View:
Post by BUYSilverGold on Feb 16, 2024 10:32am

Gold and inflation 2023

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
Comment by Cobalt on Feb 16, 2024 12:19pm
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. 
Comment by BUYSilverGold on Feb 16, 2024 1:04pm
well we know the msm lies about everything 
Comment by liljohnnyjoke on Feb 16, 2024 2:18pm
imo this company has designs on becoming one of the world's leading copper producers using the stability of their gold inome to grow the copper side of the business
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