Web29 jan. 2024 · Video. The late Lamar Hunt was best known as the owner of the NFL’s Kansas City Chiefs, but the Texas-born tycoon and his brothers, Nelson and Herbert, almost lost their fortunes in a bid to ... Web14 aug. 2016 · Until his dying day in 2014, Nelson Bunker Hunt, who had once been the world’s wealthiest man, denied that he and his brother plotted to corner the global silver market. Sure, back in 1980 ...
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Web4 jul. 2024 · This directly drove down silver futures. Gold went along for the ride. People who were long silver and gold got hit my margin calls, and they had to liquidate both. The gold/silver ratio would rise if gold did not move. Finally, people unaware of the details of the silver market would just view this as the end of the run for “precious metals.” Nelson Bunker Hunt (February 22, 1926 – October 21, 2014) was an American oil company executive. He was a billionaire whose fortune collapsed after he and his brothers William Herbert and Lamar tried to corner the world market in silver but were prevented by government intervention. He was also a thoroughbred horse breeder and a major sponsor of the John Birch Society. showcase 2013
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Web26 jan. 2004 · Then in 1974 at the age of 85 H.L. Hunt died. In March of 1975, Bunker Hunt flew to Tehran to meet the shah's brother about purchasing silver. Bunker and Herbert still had their 55 million oz of silver and the price was wallowing around $4/oz. In spite of the fact that the boys were a little short on cash at the time Bunker felt that if he and ... WebIn the year 2024, we still hear and read stories that the Hunt brothers “cornered” the silver market. In reality, there is no real evidence the Hunt brothers attempted any such feat. During his career, Nelson Bunker Hunt made some very profitable investments in real estate, commodities, and silver. He became quite wealthy, adding to his ... Web21 aug. 1988 · The Hunts bought 59 million ounces of silver in less than a year, but instead of making $4 billion, as they had projected, the brothers ended up losing $1.5 billion. The jury delivered its verdict ... showcase 16 preston