The news of Buffett's backing sent Barrick's stock price up as much as 10% in pre-market trading on Monday.Joe Biden officially accepts the Democratic nomination this week. RBC says buy these 47 stocks spanning every industry that are poised to crush the market if he wins in a wave election.He has called it less appealing than a farm or a business because it doesn't produce anything, and pointed out that it has massively underperformed stocks in the long term.
"If you bought gold at the time of Christ and you figured the compound rate on it, it may be a couple tenths of 1%" —"For every dollar you have made in American business, you would have less than $0.01 of gain by buying [gold]" — comparing a $10,000 investment in a cross-section of US stocks in 1942, which would be worth about $51 million in 2018, with a gold bet of the same size that would be worth about $400,000, at the annual meeting in 2018.
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