Gold sector run up reminds Barrick CEO Mark Bristow of a time when it didn’t end well

Поділитися
Вставка
  • Опубліковано 2 гру 2024

КОМЕНТАРІ • 35

  • @briangranger1741
    @briangranger1741 2 місяці тому +9

    Money supply has x20 since 2000. Gold has x10 since 2000 ($260 - $2600). Gold is on it's way to match the money supply so another $2,600 still left. Central banks know this...

    • @centurione6489
      @centurione6489 2 місяці тому

      ... in theory, that is.

    • @liquidsn0w
      @liquidsn0w 2 місяці тому +1

      Don't forget amount of gold is also up. Your math is obviously flaved.

    • @briangranger1741
      @briangranger1741 2 місяці тому +2

      @@liquidsn0w Don't forget they will print more currency, your logic is obviously flawed, I mean "flaved" 😅

    • @liquidsn0w
      @liquidsn0w 2 місяці тому

      ​@@briangranger1741​ No, my logic is intact. Don't confuse facts with wishes, and past with future.

    • @liquidsn0w
      @liquidsn0w 2 місяці тому +2

      ​​@@briangranger1741My logic is intact. Do not confuse fact with wishes and past with future. And I'm not stating what shall be the price of gold or that your logic is wrong, just that your math is incorrect 😊

  • @amtexec3164
    @amtexec3164 2 місяці тому +6

    Siempre es un gusto escuchar a un grande que brilla con luz propia🤝👉🇪🇨🇵🇪 saludos

  • @mariner1358
    @mariner1358 2 місяці тому +3

    I like Barrick mining stocks. Has the smartest CEO in the mining business.

  • @MariaLima-ru1vx
    @MariaLima-ru1vx 2 місяці тому +19

    Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.

    • @Mcdowell-b3m
      @Mcdowell-b3m 2 місяці тому

      The pathway to substantial returns doesn't solely rely on assets with significant movements. Instead, it revolves around effectively managing risk relative to reward. By appropriately sizing your positions and capitalizing on your advantage repeatedly, you can progressively work towards achieving your financial goals. This principle applies across various investment approaches, whether it be long-term investing or day trading.

    • @TuyKhai-g
      @TuyKhai-g 2 місяці тому

      I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.

    • @tiago6karate
      @tiago6karate 2 місяці тому

      I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.

    • @TuyKhai-g
      @TuyKhai-g 2 місяці тому

      She goes by ''Jane Nina Pickett'' she's a renowned figure in the financial industry with over one decade of experience. I'd suggest you research her further on the web.

    • @tiago6karate
      @tiago6karate 2 місяці тому

      I found her outstanding and excellent resume when I made a research of her full names online. I count it a gift that I went over this remark.

  • @iventure1876
    @iventure1876 2 місяці тому

    Mark Bristoe, comment on a Pioneering spirit, captures the essence of Mining .. 😊

  • @friedrichstarven4840
    @friedrichstarven4840 2 місяці тому +1

    Did he really say that market cap is not important as you can increase it by issuing shares???

    • @Chris-4i2
      @Chris-4i2 Місяць тому +1

      Yes which doesn't make sense

  • @davesubers3415
    @davesubers3415 2 місяці тому

    If the gold price doubles Barrick will go up $3 what a great deal

  • @srg6532
    @srg6532 2 місяці тому

    The US is about to have failed treasuries auctions. The CEO is incorrect on holding cash vs gold. Normally, he'd be right, but not now.

  • @jorgegomez524
    @jorgegomez524 2 місяці тому +2

    Show us the money!

  • @BradThye
    @BradThye 2 місяці тому +2

    In terms of providing an interesting perpective, he passes my sniff test. Great interview.

  • @reinhard7572
    @reinhard7572 2 місяці тому

    Barrick should be a $100 stock!!

  • @JPS40
    @JPS40 2 місяці тому

    Thanks for the video! Actually Bristow did a very good job at Randgold but Barrick is a whole different story... :
    - They have huge difficulties to cut costs
    - The reserve replacements concerns mostly copper. Their gold production will decline as copper production will double which is a big shift and makes Barrick less of a PM stock. While copper's shortage is real, I don't think it can compete with gold's tailwinds. Not even mentionning the potential recession/stagflation/depression which would delay copper's take-off
    - They invest in such difficult jurisdictions that they see often their mines closed: Porgera, Buzwagi, Pascua-Lama
    - Actually under Bristow's mandate, share count has doubled while production was cut by almost half
    - Barrick's dividend is high compared to FCF.
    - Mark Bristow was a very good CEO with Randgold which was one of the best stock of the previous gold bull run. Barrick's story is really different...

  • @alfred1535
    @alfred1535 2 місяці тому

    You know if he's talking you need to short the gold now

  • @davesubers3415
    @davesubers3415 2 місяці тому

    Why is Barrick not $40 per share? Is someone getting paid too much?.

  • @rickhayes-oh2zm
    @rickhayes-oh2zm 2 місяці тому

    Mark looks like he drilled a few rounds. Look at the size of his hands.

  • @ReachJag
    @ReachJag Місяць тому

    This fella is a conman .. making lofty promises in future .. in spite of high gold prices this fella not brought any shareholder value. If the gold prices didn't go up he would have bankrupted the company. He should be replaced with a CEO from PE firm

  • @WillHpowers95
    @WillHpowers95 2 місяці тому

    why does he speak so slowly?>

    • @jaygunter3828
      @jaygunter3828 2 місяці тому +1

      Is he supposed to be in a rush?

    • @RTeBokkel
      @RTeBokkel 2 місяці тому

      He has never been on TikTok. Not even one time.