Barrick Gold (ABX) Message Board

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Gold/Mining/Energy : Barrick Gold (ABX)

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To: Enigma who wrote (2332)	4/3/2002 11:06:15 AM
From: nickel61	Read Replies (2) of 3558

The fact is that the intrinsic value of gold as the only reserve currency that is not a debt of someone else makes it the only refuge for individuals who are sick of having their wealth put at risk by a paper currency regiem that always overprints "paper money" to benefit the politicans and the money pushers who manipulate the financial markets to their own advantage. Gold should be trading at three times as many US dollars as it is and the problem with Barrick and the other hedgers is that they are too short sighted to see that they have simply been used by the bankers to continue the US strong dollar policy that was central to the manipulation of the world financial markets over the last ten years. The question is not if gold will become worth less, that is obsurd in light of the many factors we have discussed here but what level will the US dollar fall to in gold/ounce terms and whether the shareholders of Barrick will benefit from it in any meaningful way. I think that is the reason that the CFO of Barrick doesn't own any stock in Barrick. Who would be better positioned to know that they won't!

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