ABX is a senior member of the POS Hall Of Fame. Here's why?
Do you know what the price of a share of ABX was on June 01, 1999?
Ohhhhh, you don't know...........
Well, let me tell you.
The same price that it is today.
Do you know what the price of a oz. of gold was on June 01, 1999?
Ohhhhh, you don't know that one either.
Well, I'll let you look that one up.
That's precisely WHY Barrick is a SCREAMING BUY ! ! ! Company is MUCH larger. Book Value is MUCH higher. Dividend is MUCH higher. Cost of production of gold is also much higher, which puts a floor on the price of gold over the long-term., even though it can go below that in the short-term.