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Gold/Mining/Energy : Barrick Gold (ABX)

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To: russet who wrote (2598)	5/9/2002 11:16:12 PM
From: tyc:>	Read Replies (1) of 3558

Re "off balance sheet items" IMHO You cannot have an asset on the balance sheet before it has been taken into income. Until the financial instrument matures it is an "unrealised" gain or loss. Only when the financial instrument matures does it become a "realised" gain or loss. Surely that is when it will be shown on the balance sheet. If you are going to show these "investments" on the balance sheet as an asset, are you also going to show the millions of ounces of borrowed gold as a liability on the balance sheet ? Surely you know better than to say that the value of unmined gold (ore) is on the balance sheet ?

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