Meet the Counterparties that Hedged Barrick's Gold

09-14-2009 • Seeking Alpha

It seems like a dream trade. Barrick Gold is obligated to sell you gold for $375 (U.S.) an ounce. As a counterparty to this hedge trade, you can sell that gold in the open market for $1,000 an ounce. For the banks and other institutions that struc