Barrick boss tells mines to brace for more inflation

Bloomberg/James Attwood/8-8-2022

“’I don’t think this inflation is going away in a hurry,’ Chief Executive Officer Bristow said in an interview after the release of earnings, citing Covid-related nationalism, the lingering impacts of pandemic stimulus and a ‘completely disparate’ geopolitical environment. ‘Everyone is just wishing inflation away.’”

USAGOLD note: Gold stocks are subject to all the same advantages and vulnerabilities as any business enterprise, including inflation. That is why seasoned investors treat them as a separate asset class from gold coins and bullion.

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