Nelson Bunker Hunt dead......who is he do I hear you ask!

[ArthGoch]

Hes one half of the mother of all silver scams and the reason for ther price crash of the '80's

 

http://www.theguardian.com/business/2014/oct/22/oil-baron-nelson-bunker-hunt-dies

 

 

I quote

 

" The holdings grew to nearly $4.5bn by January 1980 and they lost more than $1bn in March 1980 when the price of silver collapsed."

 

Kind of puts the recent paper loses into some type of prespective; almost gives you that warm fuzzy feeling that life an't that bad after all!

[motorbikez]

Yes I remember that,made headline news for a week.I could easily be wrong but didn't one of them buy a large slice of one of the channel islands causing a bit of grief there.

[HighlandTiger]

I wouldn't call it a scam as such. All they did was buy massive amounts of silver and try to corner the market. Banks today do much worse

[Paul]

i dont think they can be classed as silver scammers, as are we all not little bunkerhunt-esque like ourselves in our stacking, in hoping for potential major upside.

 

although high up in the USA wealth pecking order, the powers that be above them ( Namely DollarInc / The fed)

didnt like what they were doing so together with their ties to government wrote the legislation to destroy their position by writing the rules to seriously downside their positions value in the silver market

[ArthGoch]

Yes I remember that,made headline news for a week.I could easily be wrong but didn't one of them buy a large slice of one of the channel islands causing a bit of grief there.

 

Think you are talking about the Barclay brothers and them peeing off all the locals and attempting to claim 'independence' from Sark