It is true that you are right trombone and yeahbear is wrong.
Gold stocks rose exponentially during the great depression while the rest of the market sank. The story is reasonably well told here using Homestake Mining as the main example:
As the link shows USD$10,000 invested in the Dow went down to $3,600 from 1929-1935, while USD$10,000 invested in Homestake went up to $62,000.
The evidence is clear. I think it will take a while longer for the market to come around to what is really happening as the world goes through a period of debt de-leveraging, but history has shown many times that in these extreme periods of adjustment the best investment has been gold AND gold miners.
NGF Price at posting:
22.0¢ Sentiment: LT Buy Disclosure: Held
