Let me take you back...way back. All the way to 1980 when all sorts of crazy stuff was happening. The US Olympic hockey team upset those hated Russians, The Rolling Stones released "Emotional Rescue", The Police and Sugar Ray Leonard were all the rage, while inflation reared it's ugly head like never before.
Along the way gold prices had spent the previous year in the $400 range and spiked to above $850 by mid January only to be taken down in tremendous fashion to the $500 range by mid March. For those who bought junior explorers in the previous 5 years, they were rewarded in spades. Back then the media did not track/publicize the junior stocks like now let alone noticed by a young buck like me who though was aware of the price of gold.
We never had easy access to any of the stocks we can today, or the advice of wise men who had been there,done that. To even invest with a broker was a major deal and alot of hassle plus you had to have some serious bucks before you got any decent advice. It was like a closed shop for the young and inexperienced....my how times have changed.
For your entertainment,here is a sample I found showing just what happens in a true gold/silver mania. Obviously something comparable to the tech mania in the early 90's if you ask me. Can't happen you say ? But what if it does ? and what type of company would you want to invest in ? You know my answer.
Name 1975 Price 1980 Price
Lion Mines $0.07 / $380
Bankeno $1.25 / $430
Wharf Resources $0.40 / $560
Steep Rock $0.93 / $440
Mineral Resources $0.60 / $415
Azure Resources $0.05 / $109
No comments:
Post a Comment