Buy Barrick Gold, As Gold Prices Increased Substantially [Seeking Alpha]
Gold.com, Inc. (GOLD)
Last gold.com, inc. earnings: 2/12 07:00 am
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US:NASDAQ Investor Relations:
randgoldresources.com
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Source: Seeking Alpha
SummaryHistorically gold prices rose during recessionary periods.Barrick Gold operates 6 of the Top-10 Tier One mines.Our DCF model indicates 35% price appreciation opportunity.Economic recessions tend to cause gold (GLDGOLDDuring economic recessions, gold prices jump, as people throw away their risky assets and try to find safe havens. As a response to an economic shock, central banks "print" tremendous amounts of money and inject them into circulation. These steps increase money inflows into the gold market. Let's just remember the "Great Recession", during the crisis bullion price jumped from $900 to $1800. Fed Reserve bought treasuries and mortgage-backed securities from banks, increasing money supply and inflating commodities. After the 2008 crisis, US monetary base increased significantly: in 2014 monetary base was $4 trillion, while in 2007 it was only $800 billion.Data byYChartsThis time we experience a pandemic-related crisis, which forced countries to close their borders, fo
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