One of the best way to value gold is to value it relative to other assets such as stocks as measured by the S&P 500 Index, other precious metals such as gold, other commodities like oil, or the money supply just to name a few.
Gold is reasonably valued relative to stocks and a bit overvalued relative to oil, but is undervalued relative to silver at least based on its recent relative valuation and is very undervalued relative to the monetary base and the global money supply.
Barrick Gold is easily the world’s largest gold producer, but it's no longer no. 1 in market cap, where Goldcorp has supplanted ABX as king in the gold sector. ABX boasts the most mines and the most reserves, but GG has the better growth profile, and enjoys lower costs and higher margins than ABX. Yet some analysts say GG,