1-800-822-8080 Contact Us

In “THE WORLD’S MOST EVIL COMPANY,” I wrote of the East India Company, a British corporation that pilfered, raped, and pillaged the world’s riches for nearly three centuries; in most cases, with implicit – if not explicit – support from “the Crown.”

The British Presence in India in the 18th Century

In the U.S., JP Morgan undoubtedly has damaged the nation’s best interests more maliciously and pervasively than any corporation; and in Canada, none has done so more so than Barrick Gold – formerly known as American Barrick (though always headquartered in Toronto).

Barrick Gold fined in Chile, faces opposition in Dominican Republic

When the U.S. “strong dollar” policy commenced in the mid-1990s – i.e., surreptitiously selling the nation’s gold reserves and naked shorting PAPER futures; American Barrick was the “agent” for such activities; defrauding countless mining companies by artificially suppressing gold prices – and simultaneously, fostering the burgeoning fiat currency bubble.  For its role in such malicious activities, it was sued in 2002 – with co-defendant JP Morgan, of course…

Blanchard sues Barrick, J.P. Morgan over gold – December 2002

In 2003, the “smoking gun” was revealed – when Barrick unsuccessfully sought to have the case dismissed on grounds it acted as AGENT for the U.S. government, which by law cannot be sued…

In Blanchard case, Barrick confesses to gold price suppression scheme

Two years later, the case was “settled” via undisclosed terms.  However, the reputational damage had already been done, as clearly Blanchard was involved in such nefarious activities…

Barrick says it has reached settlement with Blanchard

With the U.S. government firmly in its camp – not much differently than PPT support of the “DOW JONES PROPAGANDA AVERAGE”; Barrick subsequently became the world’s largest gold miner – at the expense of hundreds of other less “privileged” miners.

However, its vast gold “hedges” – on average, put on at roughly $375/oz near the bottom of the PM bear market; became too large to manage when gold soared past $1,000/oz.  Thus, the company MASSIVELY diluted itself by raising more than $5 billion (60% equity/40% debt) to retire said hedges in 2009; in the process, taking Canada’s largest-ever write-off – of more than $4 BILLION…

Barrick raises more than $3 Billion to Retire Hedges

Even afterwards much discussion remained over its convoluted balance sheet accounting; leaving many to believe it still had numerous “hidden” hedges remaining…

The Barrick Gold Conundrum – September 2009

And if that wasn’t enough to make you DESPISE Barrick, then came the Pascua Lama fiasco.  Pascua Lama is one of the world’s largest PM deposits – straddling the border of Chile and Argentina…

pascua-lama-pit

It contains vast resources – according to Barrick’s website, of 17.9 million ounces of proven/probable gold, and 676 million ounces of silver.  However, it has been a logistical nightmare; recently seeing its capex estimate surge to $8.0-$8.5 billion, from 2006 forecasts of $1.5 billion, and 2009 projections of $3.0 billion…

Barrick’s Pascua Lama Suspension May Last Weeks, La Tercera Says

The issues involved relate not only to its mountainous terrain spanning two countries; but numerous environmental and permitting issues – many of which have caused substantial delays.  Initial production is currently slated for the second half of 2014; but if history is any guide, that forecast, too, will prove extremely liberal…

Barrick’s Pascua-Lama costs rise again, shares dive

Said “hidden hedges,” have always been believed to be related to Pascua Lama; of roughly seven million ounces of gold.  Moreover, Barrick sold 25% of life-of-mine silver production in 2009…

Barrick’s 200 Million Ounce Silver Problem: The Impending Annihilation of the Paper Shorts

…to Silver Wheaton – for $625 million…

Silver Wheaton Acquires 25% of Life of Mine Silver Production From Barrick’s Pascua-Lama Project

Furthermore, the project faces an even LARGER issue, which I haven’t yet mentioned.  One so OMINOUS, it could easily DESTROY Barrick entirely.  That is, a long-running territory dispute with Chilean miner Jorge Lopehandia; who claims Barrick STOLE the Chilean property claims from him.  This case clearly is a MAJOR reason the mine is not yet in production – after 18 years of development; and is not going away any time soon

One Step Closer: Barrick’s Ownership over Pascua Lama Increasingly Called into Question

This weekend, our good friends at SGT Report posted a shocking interview with Jorge Lopehandia; which I encourage EVERYONE to listen to.  There is not a doubt in my mind he is telling the truth – in some way, shape, or form.  Thus, all that’s left is to see how it all plays out…

EXCLUSIVE: David VS Goliath – Shocking Claims Against Barrick Gold Corp
In my view, Barrick Gold is “EVIL PERSONIFIED”; and if they lose the claims to Pascua Lama, will likely be deservedly BANKRUPTED.  And oh yeah, such an event would indefinitely delay development of one of the world’s largest PM deposits; putting further upward pressure on PHYSICAL gold and silver prices.

NEVER before have I urged readers more to “SELL MINERS, DESTROY THE CARTEL”; although in this case, the “Cartel” may not need your help in destroying itself

barrick-gold-corporation

PROTECT YOURSELF, and do it NOW!

Call Miles Franklin at 800-822-8080, and talk to one of our brokers.  Through industry-leading customer service and competitive pricing, we aim to EARN your business.