Thursday, December 1, 2011

GOLD STOCKS AND THE GREAT CRASH OF 1929

“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.

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

No comments:

Post a Comment