Failed to understand again didn't you nick,...
Little to no counterparty risk already explained.
No similarity to Enron proven, Barrick is neither leveraged, nor speculating. They are only guaranteeing higher prices for their gold than current spot.
They are not a hedge fund,...I don't even think you know what that is.
Barrick doesn't make it difficult to understand their financial statements, if you bother to read them,...and you are too lazy to bother.
You have no idea what they are doing with the bonds. You clearly don't understand they have no counterparty risk with the banks, which is for the 18 million oz. If the banks defaults on the bonds, Barrick keeps the gold,..dumb ass, read the financial statements and learn something.
Barrick is still making more on their gold production per oz than the "Stinking up the place" Newmont.
Did you read (probably not) that Barrick makes more money if interest rates go up.
The only gold companies making bets,...are the ones unhedged who need gold to increase in price to warrant their current inflated prices.
Nick,...you are just the mouthpiece of Gata. Get Howe to come here and explain his bullchit himself, because you are wasting our time. |
