NCM 1.40% $33.22 newcrest mining limited

+ + gold and share market crashes + +

  1. 22,691 Posts.
    THERE IS THE: "GOLD IS NO GOOD BECAUSE THE PRICE DIDN'T RISE LAST WEEK" BRIGADE, but few realize that gold stocks are also kept as INSURANCE and often it can be cheap insurance in the right conditions such as exist now IMHO.

    Here are a few examples:

    THE GREAT CRASH OF 1929:
    "Homestake Mining stock rose continuously from $80 in October 1929 to $495 per share in December 1935 - which represents a total return of 519% (excluding cash dividends) during the devastating bear market period.

    Contemplate and appreciate the monumental difference in investment returns during a serious bear market. Smart-money invested $10,000 in Homestake Mining (hard assets) in late 1929 - which increased in value to almost $62,000 by December 1935. This represents a compound rate of return of 35% per year in appreciation alone!

    "It is meaningful to note that in late 1929 the value of Homestake Mining was about $80 per share. Moreover, during the next six years Homestake Mining paid out a total of $128 in cash dividends.

    In fact the 1935 dividend alone reached $56 per share. That's almost a 70% dividend yield payout (basis 1929) in only one year! Indeed, hard asset investments (gold mining shares) were islands of economic refuge during the grueling years of the Great Depression".

    ________________________________________

    THE 1973/74 MARKET CRASH:

    The Gold Mining Index, composed of ASA, Campbell Red Lake and Dome Mining, appreciated more than 260% from its 1973 low (40) to its 1974 high (147).

    This merits being redundant. During the severe 1973/74 bear market, stocks lost half their value - while gold mining companies almost quadrupled".

    http://www.gold-eagle.com/editorials/great_crash.html



    NEED I SAY MORE?

    Gerry

    Readers, please do your own research and you decide if and when to buy, hold or sell any stocks. To visit archived posts, please use the Search button.


 
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