of barrett gold, mark bristow, one of the biggest players in the world. great to have you with us. i want to think of the old thinking around gold and the reason for owning it as an inflation hedge. therefore, that makes the case for the producers so you can leverage up a little bit more on it. is there a connection between those two things or is it over? mark: i think, absolutely, when you look at see where we've come and you look at the turn of the century and look at gold price is effectively the value of paper currency and particularly the u.s. price of gold. right now we see all the currencies weakening against the gold price and have been doing so for two decades now. so absolutely that connection is still intact. taylor: mark, really curious to see which signs of accelerating inflation you see as well in terms of input price given some of the mining companies and the impact on how you can pass that onto the consumer? mark: so, taylor, as you know, we're a fast taker. we better sharpen our pencil as far as efficiencies and operating effectiveness goe

mark bristow, president and ceo of barrick goal who joins us as the 2021 mine expo gets under way in ancisco. welcome back to "mad money." >> hello, jim. >> mark, i'm kind of caught. i have a couple of pieces here a jpmorgan piece that says your cost is going down and what you're getting down and i have a jeffries piece that say your cost is going up and what you're getting is going up. >> two things. we're not only returning capital to shareholders but investing in our future you and i have spoken about this a lot. this is about a long-term game, a stable insurance policy to investors. >> you have also criticized some of your colleagues who seem both short-term oriented and unwilling to rationalize costs, but perhaps by merging in equal -- i know you like these equal deals. >> you know, jim, remember you go back to 2010, '1 '1, everyone was encouraging people to get bigger and grow, and now they want the money back. this is a consumptive industry we've got to invest in replacing what we mine, and then we will be able to deliver the value barrick has moved from 2018 with massive debt

plus, the gold people tend to be sober and serious and most importantly subdued by comparison mark bristowiner is using $1,700 as his 2021 price target but the five year forecast is for much lower levels. i have to ask you a question, how often do you hear any cryptee backer predict any lower prices bitcoin 46,000 right now and they love to talk about how it could go to 500 grand in five years time last night set it with -- now i want to cast dispersions but what is the prosseltizing from what she believes it. buy tesla at much lower levels if anyone else is calling for boyt coin at 500 grand, i can't imagine a tough shrewd guy like mark bristow, ceo of barack, ever arguing that gold will be at $17,000 in five year without sacrificing every shred of his hard worn credibility. gold and cryptocurrency are not in competition with each other they do different things cryptocurrency is a speculative that is backed by nothing. not history or government. they trade on faith. if you want a as thaet is volatile, you could do worse gold has scarcity value. not to mention being difficult to find, the

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