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Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?


To: ForYourEyesOnly who wrote (1432)10/19/1999 11:01:00 PM
From: goldsheet  Read Replies (1) | Respond to of 3558
 
> Gold in the ground is not the same as gold in the hand......

Exactly, which is why one uses forward contracts to raise funds to develop the mines to get the gold out of the ground. Forward sales have a lower interest rate than traditional loans, and don't dilute the company like floating stock.