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Barrick Gold Corporation Message Board

  • droxytolyn22 droxytolyn22 Mar 3, 2013 12:55 PM Flag

    Gold: A Bad Investment and Getting Worse - Seeking Alpha

    "gold is an investment whose fundamentals are rotting from within, and you do not want to be anywhere near it when the bottom falls out"

    Sentiment: Strong Sell

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    • According to Merrill Lynch, gold is "the duddest of dud investments." Ever since the U.S. dollar went off the gold standard, gold has had no special value as a commodity, with only 280 tons going to industrial uses per year. Yet some people continue to hoard it. The price of gold has been slowly dropping and is now well below the price of its production at many modern mines, which means companies mining new or "virgin" gold are a bad investment.

      Sentiment: Strong Sell

 
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