Transferring that performance back to the BGMI's 1970's bull market data and using the January 1980 high as the high point (the Dow/gold ratio high) and January 1970 as the start, and using London prices:Physical gold went from $36.02 to $850.00, a gain of 2,260%.Physical silver went from $1.84 to $48.00, a gain of 2,509%.The BGMI (the best long term representation we have of all gold & metals mining stocks) went from 92.34 to 716.66, a gain of 676%.Juniors miners gained an average 3.25x the BGMI, or 2,197%.A 50/50 split of physical silver and gold returned 2,385%.David Galland of Casey Research notes during the “last major inflationary period in the US, 1962 to 1982, gold shares rose, on average, 1,503%. This correlates well with the data above.
so no use to invest in goldstocks just get the etfs en one can sleep a lot betterif i rememeber correctly lots of those mines did pay dividents in those years is the divident included in the projected yield ?
regards
S
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