Barrick Gold Corp (USA) (NYSE:ABX)

CAPS Rating: 3 out of 5

Barrick is the world’s largest pure gold mining company with more than two dozen operating mines around the world.

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Player Avatar AverageJoeInvest (42.77) Submitted: 11/29/2007 5:50:08 PM : Underperform Start Price: $37.17 ABX Score: +88.52

Plain and simple....market saturation of an ever accumulating element. Also Gold is becoming more and more obsolete in practicality in todays modern world. It just aint what it used to be. Bottom line. Also Too many geese laying the golden eggs, so to speak. There's just too many companies in the business and will always be more in the future. Think about it...It's never thrown out ! Always recycled. Like I said, market saturation on and ever accumulated element. At an exponential rate to boot !

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Member Avatar Daretoth (< 20) Submitted: 11/22/2008 12:38:07 AM
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Please send me all the gold you can aquire since you find it useless. I will store it for the coming economy storm and possible collapse of the fiat dollar.

Member Avatar EndTheFed2010 (20.47) Submitted: 8/25/2011 4:15:04 AM
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How's that paper money working out for ya AverageJoeInvest?

Member Avatar LohnRanger (< 20) Submitted: 9/21/2011 1:24:18 PM
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great call Joe!

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