megacopper wrote:
See what some of the gold stocks did between 1975 and 1980 during a similar economic environment to what we see in today's world of inflation and conflict. I know most think it's crazy to think a junior gold stock can go to $100 a share and beyond but history shows us it is possible. Today's economic and geopolitical situation is very similar to the late 1970's when gold and gold stocks soared. It will happen again. History does tend to repeat itself.
https://juniorminingnews.com/?p=260815
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 $0.50…”
Sound familiar? Today most of the junior mining shares are selling for pennies. Are we set up once again for a mania phase in resource shares?
Edward shares with us some examples of his findings, i.e., “Lion Mines – 1975 price $.07 / 1980 price $380 YES that’s right it’s not a misprint you could have 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.”
Need some more examples of names you have probably never heard of and are no longer in existence?
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.