There have been many infamous cases of rampant speculation in commodities, but the one involving Hunt brothers and their efforts to corner the Silver market in the 1970’s stands out for many reasons. It was a perfect storm, a confluence of multiple factors: geopolitics, inflation, speculation, lax lending standards, regulation, bailout, and bankruptcy. I had read about the Hunt brothers’ saga many years ago, but recent headlines jogged my memory and I decided to revisit it, and its retelling seems appropriate for our times and might have some lessons.
Hunt for Silver – Greed, Speculation and Panic
Hunt for Silver – Greed, Speculation and…
Hunt for Silver – Greed, Speculation and Panic
There have been many infamous cases of rampant speculation in commodities, but the one involving Hunt brothers and their efforts to corner the Silver market in the 1970’s stands out for many reasons. It was a perfect storm, a confluence of multiple factors: geopolitics, inflation, speculation, lax lending standards, regulation, bailout, and bankruptcy. I had read about the Hunt brothers’ saga many years ago, but recent headlines jogged my memory and I decided to revisit it, and its retelling seems appropriate for our times and might have some lessons.