From King World interview of Rick Rule today:

The mania that you describe was truly a mania...There were some insane share price escalations...Certainly the opportunity will exist for the market to completely re-price itself as gold moves mainstream.”

As Richard Russell has said, “There’s no fever like gold fever.” By 1980 the share price of Lion Mines had gone from just 7 cents a share in 1975 to $380. Wharf Resources had risen from 40 cents a share to $560. A mania in gold is coming at some point in the future, the only question is how will it compare to that of the 1970s?