posted on
Nov 26, 2013 10:48PM
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Message: Question
Chase: Gold Miner's post is pretty good for showing the potential of a beated up penny stock, but I posted this awhile back whick shows good potential too! Happy Thanksgiving to all SF LONGS! Khaki
Share Price Appreciation Potential
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?
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