You may have read about the Hunt Brothers and how they cornered the silver market in the 1970’s causing the price to rise astronomically. We’ve read a fair bit about this episode in the past and now this recent video does a pretty good job of presenting a different take on the mainstream version of what took place.
It presents the other side of the story. Rather that the Hunt Brothers were really just worried about the state of the USA and inflation arriving and were simply buying more and more silver as a hedge against this.
It shows the lengths that those in control went to in order maintain the semblance of order in the markets.
There’s a number of articles you could read on the topic but these 2 videos totalling just over 20 mins give a good run down of much of what is written elsewhere. The videos content is taken from the likes of Larry LaBorde and his H.L. Hunt’s Boys and the Circle K Cowboys article http://www.gold-eagle.com/editorials_04/laborde012704.html and also from Stephen Fay’s Beyond Greed and Jeffery Williams’ Manipulation on Trial. It’s 20 minutes well spent.
The author of the video also finishes up by looking at what a precious metals buyer today can learn from the Hunts mistakes in the 70’s such as:
Taking physical possession
The problems with using leverage
And finally, how the fundamentals are different (even stronger) today than in the 1970’s