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Barrick’s Munk Says Einstein Couldn’t Predict Gold Prices

Barrick Gold Corp. Chairman Peter Munk says he finds it impossible to accurately predict the value of the precious metal being produced every day by the mining company he founded more than three decades ago.

“I really have no ability to forecast gold prices,” Munk said yesterday in an interview at Bloomberg’s headquarters in New York. “I have been in the business for 30 years, and it occupies my mind day and night.”