Of Men and Minerals

March 2009
Forbes Asia;3/2/2009, Vol. 5 Issue 3, p17
The article focuses on silver miners Nelson Bunker Hunt and his brother W.H. Hunt. The Hunts, heirs to a Texas oil fortune, bought an estimated 100 million ounces of silver between September 1979 and January 1980, driving the price from $9 to $50 ounce and triggering a flood of old silver, including jewelry, into the market. The silver glut that followed saw prices drop to $10 an ounce, by which time the Hunt brothers were being pursued on charges of conspiring to corner the silver market.


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