Is Barrick Gold (GOLD) making money from inflation?
second-largest gold producer worldwide in 2020 with a production of 4.84 million troy ounces, Elements estimates. Yet Mr. Market paid $22.31 for Barrick on 29 April 2022.
Read MoreIn individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
second-largest gold producer worldwide in 2020 with a production of 4.84 million troy ounces, Elements estimates. Yet Mr. Market paid $22.31 for Barrick on 29 April 2022.
Read MoreIf 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.
Read More