Barrick Gold (ABX) Message Board

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Gold/Mining/Energy : Barrick Gold (ABX)

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To: russet who wrote (2941)	5/21/2002 8:38:24 AM
From: nickel61	Read Replies (1) of 3558

LIAR????? GGGGGGGGGGGGGGGGGGG I think anyone who thinks a price of gold denominated in dollars that has increased more than 20 times in the last hundred years is "flat to down is sadly mistaken and more than a little mathematically challenged. The years in which the change took place may have been less than the years it stood constant (as a minority of a hundred, if that is what you mean????)Since most of the period was during a gold convertibility standard and when change occurred it entailed a significant devaluation of the US DOLLAR and golds price changed abruptly and dramatically. But what the hell does that have to say about the long term relative value of gold versus US dollar currency???GGGGGGGGGGGGGGGGGGGGG Check the chart below and see the absurdity of your assertion...http://www.kitco.com/scripts/hist_charts/yearly_graphs.cgi What are you claiming? , that Barrick's strategy is not going to blow up in their faces based on you analysis that there were a higher number of years when gold stayed constant than when it changed dramatically upward in price??? GGGGGGGGGGGGGGG Well that makes a lot of sense! GGGGGGGGGGGGGGGGGG Gold appreciated against the US dollar twenty times during the last hundred years but to you this is irrelevant because all the change occurred quickly????? DUH! GGGGGGGGGGG kitco.com What the hell has that got to do with anything?...it only suggests the complete bankruptcy of your thinking. GOLD could stay relatively flat and then double as it did in 1933 or stay flat and then go up three times over as it did in 1970-1975 or triple again in 1975-1979 or go up another 50% as it did in 1980....Yeh that makes sense we wouuldn't have to be concerned about that because it happened in less than a majority of the hundred years...WOW talk about ridiculous!!!! Do you really believe that? "GGGGGGGGGGGGGGGGGGG What possible point are you trying to make? The bottom line is that gold went up TWENTY FOLD during the period and most of that change took place in the last thirty five years...so what point are you trying to make??? THAT Barrick is sure we are returning to another fixed gold period like the 1900 to 1932 period? OR that you can't grasp the basics of arithmetic?

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