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Wednesday, September 18, 2019 9:08:02 AM
An astute investor could have turned $10,000 into more than $7 million
With what has happened in the world of late and what will be unfolding in the next five years or so those few investors who fully understand the impact the current economic situation is going to have on future inflation, the USD, interest rates, the stock market, physical gold and silver and gold and silver stocks and warrants in particular are going to be in the unique position of being the benefactors of currently unimaginable returns and wealth. All they need do, as I like to say, is “Just prepare and prosper!”
Back in the mid- to late 1970’s, as gold went up from its 1972 low of $60 to $850 in 1980 (and silver to $50), gold and silver stocks realized absolutely amazing gains:
· Lion Mines – 1975 price: $0.07 / 1980 price: $380 i.e. an increase of 542,757%.
· Azure Resources - 1975 price: $.05 / 1980 price: $109 i.e. an increase of 217,900%.
· Wharf Resources - 1975 price: $.40 / 1980 price: $560 i.e. an increase of 139,000%.
· Mineral Resources - 1975 price: $.60 / 1980 price: $415 i.e. an increase of 69,067%.
· Steep Rock - 1975 price: $.93 / 1980 price: $440 i.e. an increase of 47,212%.
· Bankeno - 1975 price: $1.25 / 1980 price: $430 i.e. an increase of 34,300%.
The percentage returns above, averaging 70,627%, seem totally unbelievable but they are verifiable. They were achieved by investing in the right stocks at the right time. Imagine, and the above companies were only a handful of the gold and silver stocks that generated such astounding returns.
To put things in perspective let’s look at it this way. Had an astute investor divided a $10,000 investment equally among the six companies mentioned above in 1975 it would have grown to $7,072,700 just five years later. I can’t imagine that ever happening again but that is what actually happened back then. It is absolutely amazing, isn’t it? Even a 10,000% appreciation would have turned that $10,000 into $1 million dollars.
Remember, it only takes a few good investment decisions in one’s life to be exceedingly successful and that was such a time....
Full article at: http://www.stockhouse.com//Columnists/2009/Oct/6/Can-gold-and-silver-stocks-expect--5,000--returns-
kiwi
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