WebJP Morgan’s massive silver buying brings to mind the Hunt Brothers’ attempt to corner the silver market in the late 1970s. The Texas oil-tycoons tried to corner the silver market by accumulating a massive silver futures position. Regulatory authorities increased margins which saw silver prices fall and the trade go against them. WebDec 6, 2011 · This caused the price of silver to skyrocket even more and by January 17, 1980, it hit an all-time high of $50.35 an ounce. By that time, the Hunt Brothers owned $4.5 billion of silver (approximately 200,000,000 …
How the Hunt Brothers Cornered the Silver Market and …
WebFeb 11, 2024 · ATLANTA, GA – After 47 years selling secondhand fine silver Beverly Bremer Silver Shop in Buckhead will be closing its doors for good, according to reports. … WebThere is a serious case building for silver prices to hit triple digits and gold to double its current price of around $1,830 an ounce, according to popular ... thetrackgame samp
Silver Thursday & The Hunt Brother’s Corner by Bullion TP
WebSep 17, 2024 · Everett has been the head content writer and market analyst at Gainesville Coins since 2013. He has a background in History and is deeply interested in how gold and silver have historically fit into the financial system. In addition to blogging, Everett's work has been featured in Reuters , CNN Business , Bloomberg Radio , TD Ameritrade … WebFeb 21, 2024 · No silver. His reason? “Silver spiked in 1980 only because the Hunt Brothers were trying to corner it.”. It’s true the Hunt Brothers bought a lot of silver back then. And it’s hard to imagine their involvement didn’t impact the price. If you recall, silver rose a whopping 3,105% from its 1970 low to 1980 high. WebOn March 27, 1980, the events of Silver Thursday took place, marking the culmination of the Hunt brothers’ attempt to corner the silver market. On that day, the price of silver experienced a sudden and dramatic decline, … seventy sixers highlights