“The stock price of this gold mining company soared relentlessly upward during the entire bear market. 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.”
I found an interesting article that explains a stock increase of 519% from 1929 to 1935. While others were devastated by losing years worth of their investment on stocks, some made a 519% return of their original investment. The exchange rate during the Great Depression was fixed by the “Gold standard”. It’s truly amazing that some people made such a profit during this particular time.
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