This is an excerpt from an article called "21st Century Gold Rush" buy Aubie Baltin. You can find it on gold-eagle. I'd appreciate any comments.

I have gone back in time to the 1970's and focused on gold and silver stocks just to give you an idea of what they will perform like in the next 2 - 5 years, and to see what happened back then when gold first hit $500 then $600 then $700 and finally $850. The first Library that I went to had the Financial Post newspapers on microfilm all the way back to 1972, the very beginning of the last gold and silver Bull market.

There were very few if any articles when gold moved from $35 in1972 to $200 by 1976, and hardly anybody noticed when Gold dropped back down to $100 in late 1976. Stories on gold and silver didn't even begin to get published until late 1978 early 79 and they didn't hit the front page until late December 1979 into January of 1980, the eventual final blow off top.

The stock tables that I found, brought back some fond and not so fond memories, were absolutely amazing. In 1975 most gold and silver stocks were trading under $2 and a lot were penny stocks trading under $0.25. Don't forget that we were at or near the bottom of the worst Bear Market since 1929 - 1932 Even with gold up 600% from the 1971 low of $35 to the 1975 top of $200 most gold and silver shares did little to make anyone except perennial gold and penny stock traders wake up and take notice. I worked for Dominic & Dominic at the time and the President was one of the worlds Biggest Gold Bulls who became famous for going to Japan and turning them on to Gold. I held a few seminars in an attempt to push Gold as the best way to make money in a falling market but getting an order was like pulling teeth. It was not until gold retraced all of its first big sell-off and got back above $200 (the equivalent to $730 today) did the gold and silver stocks start there historic bull market runs that would end at un-imaginable prices. Some examples were: Lion Mines - 1975 price $0.07 / 1980 price $380 YES that's right it's not a misprint you could of bought 10,000 shares of lion mines in 1975 for around $700 dollars and if you held on for the whole 5 years until January 1980 you could have netted a total profit of around $3,799,300. Not bad hey!!!!! A few others were Bankeno - 1975 price $1.25 / 1980 price $430. Wharf Resources - 1975 price $0.40 / 1980 price $560. Steep Rock - 1975 price $.93 / 1980 price $440, Mineral Resources - 1975 price $.60 / 1980 price $415 . Azure Resources - 1975 price $0.05 / 1980 price $109. The majors also performed superbly but nothing like when compared to the juniors. WARNING: The juniors although offering great potential, also contain much greater risk, as most of them ended up falling back to zero. So be careful.

No question about it; that was one of the biggest financial opportunities in history. I don't know of any other time, not even the dot.com bubble (how may of us could get in on the IPO's anyway) where in only a 3 year time span you could have turned so little money into so much wealth. "You only need to make one good investment decision in your whole life to be super successful".

Investing in gold and silver shares and the physical metal now and holding them for the next 3-5 years could be the only major financial decision you may ever have to make in your entire life.

Do NOT trade in and out. Just buy some stocks now, add to you positions on any short term sell-offs and wait until you see headlines in the newspapers similar to the one that I opened this essay with. Or if you have not yet taken a position, then scale into any precious metals mutual fund. When Gold breaks out to new highs above $730 use your increased buying power to increase your positions. Remember, when that front page story which ran in January 1980, most gold and silver stocks were trading over $50 per share and lots were trading over $100 -$200 some even as high as $500 per share when only a few years earlier you could have bought the same stocks quietly between $1 to $5. I know it's hard for most of you to believe that gold and silver will surpass their old January 1980 highs but that is what a 20+ year generational bear market will do to a whole generation of investors, who have grown up with falling real assets (gold, silver and commodities) and rising paper assets (stocks and bonds). When the tide of human emotion swings and paper assets really start to fall hard, the lust and fervor for real assets will be unbelievable. Gold will have to go to $2,200 just to get back to its previous high in real dollar terms. The dot com bubble will look like small potatoes compared to some of the up coming gains in the first gold and silver bull market of the 21st century. But unlike the dot com bubble that was based on easy financing, unrealistic dreams of profits, aggressive accounting and pure greed, the coming explosion in gold and silver stocks will be all about supply and demand, and an object FEAR to protect one's savings from the paper destruction combined with GREED to get in on a sure thing. There is nothing that can stand in the way of a combination of GREED and FEAR.