1930s gold stocks were financial saviors

MCO - Focus High Grade Low Tonnage.




And IMO History will repeat and the WILL again be Financial Saviours

http://www.gold-eagle.com/gold_digest_08/taylor102508.html

Gold Stocks Were Financial Saviors
During the 1930s

Jay Taylor


"Homestake Mining and Dome Mines were two gold producers that made their shareholders wealthy during the Great Depression."

"There is an old saying that history always repeats, but never in the same way."


Why Gold Shares Do Best in a Deflationary Depression

"The reason gold mining firms do better during a deflationary depression than during an inflationary depression is simple. Profit margins are at their best during these conditions. Why so? Because when there is panic in the

streets, people flee to the ultimate safe monetary haven, which is gold. Meanwhile, given a collapse in industrial demand, the cost of production falls."

http://www.theaureport.com/pub/co/2243

Richard Karn, Emerging Trends Report (9/14/10) "In this threatening investment climate, we prefer the inherent flexibility and cost controls attendant to a high-grade, low throughput gold mining operation to a large open-cut project that relies on economies of scale for success because we view the former as the more defensive and defensible of the two approaches