Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: nickel61 who wrote (2682)	5/14/2002 2:11:08 AM
From: russet	Respond to of 3558

God help it if your mother ever takes her idiot son's advice,....got another piece of crap unhedged gold to add to the list (ggggggggggggg) http://bigcharts.marketwatch.com/intchart/frames/frames.asp?frames=0&time=100&freq=1&compidx=aaaaa%3A0&comp=nem+pdg+hgmcy+k+au&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=330&size=3&sid=478&o_symb=abx&startdate=1%2F4%2F89&enddate=5%2F9%2F2002&show=true&symb=abx&draw.x=66&draw.y=14&default=true&backurl=%2Fintchart%2Fframes%2Fframes%2Easp&prms=qcd Piece of crap Newmont has to triple to equal Barrick. Must be an interesting struggle in the mirror every day when you look at it (gggggggggggg) Barrick rules!!!

To: nickel61 who wrote (2682)	5/14/2002 7:32:46 AM
From: tyc:>	Read Replies (3) \| Respond to of 3558

Pursuing this line of thinking.... Barrick is really diversified into two asset classes... gold and bonds. According to modern investment thinking diversification of asset classes is less risky. Suppose that Barrick has 50% of its reserves "hedged". Doesn't that imply that 50% of its reserves will have the investment return of a portfolio of bonds and only the other half the investment return of gold? Do you agree with this analogy ? To my mind, that's not a bad thing. Personally I would rather have half my "reserves" invested in bonds than 100% invested in gold. Wouldn't you ? Russett, instead of reading what Barrick preaches about the "premium price it gets for gold", try thinking for yourself. You may come to incorrect conclusions, just as I might have, but it beats swallowing a potted line whether handed out by Barrick or Gata.