Barrick Gold Corp (ABX): Not The Best Way To Profit From Rising Gold Prices

Some people think that gold prices are heading a lot higher than current levels of around $660/ounce in the next few years.

If this is to be believed then what remain to be decide is how can investors best profits from rising gold prices?

Barrick Gold Corp is the largest gold mining company in the world and therefore ones first choice could be to invest in shares in Barrick, in the hope that the stock will rise with higher gold prices.

However, as The Gold Prices Newsletter pointed out today, that has not been the best thing to do in the past:

“Barrick has not kept up with the price of gold so our money would have provided a better return had we invested in the metal. The second observation is that both Agnico-Eagle and Yamana [which are other gold mining stocks] have dramatically outperformed Barrick. Likewise many other gold miners have also outperformed Barrick.”

So perhaps the biggest is not the best when it comes to gold stocks.

Do you think investing in Barrick is a good way to profit from higher gold prices?

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