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Question about the Hunt Brothers

dontippetdontippet Posts: 2,606 ✭✭✭✭
in Precious Metals
Back in 1979 and 1980 when silver prices were soaring, were the Hunt brothers common knowledge? The reason I ask is because I am curious if the recent silver run could also be artificial, we just don't know the reason why yet.
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Comments

  • jmski52jmski52 Posts: 22,824 ✭✭✭✭✭
    Yes, Nelson's and Bunker's interest in the silver market was widely known.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    Silver has showed strength on way up slow & steady. Maybe to fast recently but still way different than Hunt's era.
    Avid collector of GSA's.
  • gdavis70gdavis70 Posts: 256 ✭✭✭
    I was 9 and 10 years old during that time frame and I knew about the Hunt brothers, they were a common topic of conversation...



    AntiqueBanknotes • National Currency
  • cladkingcladking Posts: 28,639 ✭✭✭✭✭
    They weren't commonly known until the end of '79 but many silver insiders knew who was taking delivery of the contracts a little earlier.

    "Everyone" knew by mid-'80 or so.
    Tempus fugit.
  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭
    We knew about them but the sales pitch that I bought which motivated me to buy futures contracts then was a pitch that the new cruise missile program needed more silver than what the US had in reserves.

    Coin's for sale/trade.


    Tom Pilitowski
    US Rare Coin Investments
    800-624-1870

  • jmski52jmski52 Posts: 22,824 ✭✭✭✭✭
    We knew about them but the sales pitch that I bought which motivated me to buy futures contracts then was a pitch that the new cruise missile program needed more silver than what the US had in reserves.

    My broker down in Ft. Lauderdale at the time told me that same thing.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • mrearlygoldmrearlygold Posts: 17,858 ✭✭✭


    << <i>We knew about them but the sales pitch that I bought which motivated me to buy futures contracts then was a pitch that the new cruise missile program needed more silver than what the US had in reserves.

    My broker down in Ft. Lauderdale at the time told me that same thing. >>



    I believe we bought from the same peopleimage

    Coin's for sale/trade.


    Tom Pilitowski
    US Rare Coin Investments
    800-624-1870

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