OPINION – Barrick Gold: It’s a trap

Seeking Alpha/The Value Trend

“Barrick Gold Corporation has made headline news due to its becoming the latest holding in Berkshire Hathaway’s portfolio. This has made many reconsider the role of gold and the importance of gaining exposure to the yellow metal as part of a well-balanced portfolio. Nonetheless, I believe there are many reasons to stay away from gold miners, and instead of buying gold outright.”

USAGOLD note:  Some interesting footnotes to Berkshire Hathaway’s purchase of Barrick Gold Corporation shares ……

overlay chart showing the permormance of gold bullion versus gold miners over the past 20 yearsChart courtesy of Seeking Alpha • • • Source: BMG Group • • • Click to enlarge

Repost from 9-8-2020

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