'Goldchaser' posted this post earlier, from the SFMI board, documenting mining stocks that rose incredibly between 1975 and 1980:
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goldchaser Share Saturday, September 11, 2010 9:50:33 AM
Re: sphindog post# 19947 Post # of 20577
For those that don't understand the potenial of what we could be seeing in share prices over the next few years............
There were a few articles about gold from 1972 to 1975 but the real big stories didn’t really get published until around 1978-79 and especially in January of 1980 the final blow off top in both gold and silver. What I really wanted to uncover from the old financial papers were old stock tables so I could see how high most gold and silver stocks got to in January of 1980 and from what level a few years earlier.
What I found was absolutely shocking. In 1975 most or all of the gold and silver stocks were trading under $2 most were penny stocks under
.50.
Even with gold up 400% from the 1972 low of $60 to the 1975 top of $200 most gold and silver shares did little to make anyone notice especially the mass public who had no idea what was going on. It was not until gold bottomed out in late 1976 at $100 and into1977 that gold and silver stocks started there historic bull market that would end where some of the prices for gold and silver stocks were unthinkable only a few years earlier. I printed out stock tables from 1975 up until the January 1980 top and was totally stunned at what I found.
Let me give all you fellow gold and silver investors and people reading this essay who are thinking about buying some gold and silver shares a few of the many examples of the kind of gains that were made in the last gold and silver bull market a generation ago(before cell phones, the internet, and p4 computers) so you can have an example of the kind of gains we may see in the new gold and silver bull in the 21st century.
Lion Mines – 1975 price $.07 / 1980 price $380 YES that’s right it’s not a misprint you could of bought 1000 shares of lion mines in 1975 for around $50 dollars at 7 cents per share and held on for 5 years riding the wild gold and silver bull until 1980 where you then sold those same shares for $380 each for a total profit of around $380,000. Not bad hey!!!!! This is only one of many more examples.
Bankeno
1975 price $1.25 / 1980 price $430
Wharf Resources
1975 price $.40 / 1980 price $560
Steep Rock
1975 price $.93 / 1980 price $440
Mineral Resources
1975 price $.60 / 1980 price $415
Azure Resources
1975 price $.05 / 1980 price $109
These are only a handful of gold and silver stocks that participated in what I consider one of the biggest financial opportunities in the history of human civilization. I don’t know of any other time except maybe the .com bubble where in only a 5 year time span you could have tuned so little into so much wealth.
Imagine buying in 1975 a handful of gold and silver stocks for under a dollar and selling them in 5 years for $100, $200,or even $500 per share as gold fever ripped through Wall Street.
This is a great example of the kind of investing philosophy that Dr. Marc Faber talks about where to be a great investor you only need to make a few good investment decisions in your whole life to be successful.
This one decision in 1975 to buy just a handful of gold and silver stocks and sell them near the all time high’s of hundreds of dollars per share could have set you up financially for the rest of you life!!!!.
