by Gerardo Del Real
During the raging gold bull-market of the late 70s, returns for disciplined, contrarian investors that were positioned early — and in the right companies — were absolutely spectacular.
What kinds of returns? The kinds of returns that few investors ever see.
Take, for example, Carolin Mines. It managed to go from a $3.10 stock at the end of 1978… to a high of $57 in 1980 — a return of 1,739%.
Lincoln Resources went from a $0.78 penny stock to a high of $20 during that same period. That’s a gain of 2,464%.