BBB,,, have you any knowledge of the federal gold dump by ???? Think Costello or Keating ??? Sold a substantial amount of gold at drop dead price in 90s. ??? Can someone please confirm dates and federal treasurer please???
Accountants have been known to understand the cost of an asset but not its worth... So when barrick sold out of there Aussie assets it was some bean counting clown who'd never set foot on Aussie soil that made the decision no doubt!!!
I know accountants who are terrible with their own personal finaciances and I'd suspect that the fire sale from Barrick was made from pressure to make the books balance in the short term!!!
To give you an example, Governments sell state assets for short term gain! Forgetting they can not resell them again in the future... best time to buy anything is when the chips are low cause accountants always try to make there books look good for end of year accounts!! (To a degree)
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