Barrick Gold (ABX) Message Board

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Gold/Mining/Energy : Barrick Gold (ABX)

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To: Bexar who wrote (268)	12/19/1997 12:36:00 PM
From: Tommaso	Read Replies (1) of 3558

I am holding ABX as a long-term investment and hedge in case the central banks, especially the US Fed, create so much money that some investors lose confidence in the dollar as a store of value and start to buy gold. This has happened many times since the invention of paper money. I am not too worried about intermediate ups and downs because ABX is such a carefully managed company. As I mentioned, it already has its stream of income locked up for the next two years. But its profits are not limited by these forward metal sales. Short term trading, metals futures, and stock options are not for me. Some people may make money that way but I never have.

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