Is Barrick Gold the Best Value in Mining Socks?

If you must invest in a gold company buy Barrick, it is cheap and fairly safe. You may not make a lot of money; ABX is scheduled is to pay a dividend of 3¢ on May 30, 2017, but at least your investment will grow. Barrick Gold shareholders with a return on equity of 18.38% which is more than you can say for most gold miners.

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Is Barrick Gold Doomed?

A major reason why Modi killed his nation’s two largest banknotes was to stop the flow of cash out of the economy and into gold. That might be sound economic policy; but is potential disaster for Barrick and his competitors because India is the world’s largest market for gold.

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