Going Bankrupt Buying Silver

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I worked for Hunt Enterprises in 1978 and met his brother Lamar who joined his brother in the silver acquisition. They were good guys and did nothing more than what JP Morgan is doing today except today, JPM has $billions in silver.

kathrynj.hernandez
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Warren Buffet bought 130, 000, 000 ounces of silver in 1998. No one said a word. Guess some people have CONgress in their back pocket.

gruenpunkt
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I love buying silver. I can always switch it to gold if I have enough. There's nothing wrong with owning some silver.

laurabell
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If you stack Silver, then you should never be bankrupt. Silver is like a bank account & stocks but doesn't depreciate or suffer from inflation. You can easily stack for years and always know that you will have a nice retirement fund that the government cannot take.

HappyBuddhaBoyd
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He was destroyed. They changed the rules just to go against him

rogertayloRRR
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Hunt should have worked for JM Morgan. Then he would have only had to pay a fine of 1%. :-)

WorldMoneyWins
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And now JPMorgan owns way more silver and they manipulate the market and laughing your face😮

signalman
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The hunts never bought gold or copper and gold went from 35 dollars an ounce to 850 an ounce. Copper went from 1 dollar a pound to 4 dollars a pound. Explain that. No wait I will. We came off the gold standard with Nixon on 8/15/71. Fed printed a ton of money. Everything went up on fears of inflation. We have been on petrodollar/fiat standard ever since. The next collapse will be sovereign level. Hope you’ve got some silver and gold at that time.

leonidas
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There's more to that story than we know.

reccocon
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I sold some junk silver at that time. There was a line of people like me. The little guys won!

martinphilip
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A little bit of silver is always good for me😉

antonisantoniou
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Of course gov doesn’t like what he’s doing so he gets charged

PanningPaydirt
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April of 1980 silver hit 139.40 an ounce. Know your history before you try to rewrite it

bigstyx
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I don't mind having a lot of silver. I own 2, 037 Troy ounces of silver.

kinetictheory
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This doesn't answer the question of how he was criminally charged? What exactly did he do wrong?

jaimhaas
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Silver requires a lot of patience which I ran out of. Numismatic/90% slabbed silver is the only silver I'm interested in.

artboston
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This is the exact sentiment I want about silver, keep the buzz down. I'll be enjoying my 1, 000 ounces balloon when smart investors swoop in

Joda
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You also have the record high of $49.50 in 2011. I hear people bring up the 1980 spike alot but don't hear alot about 2011.

BenCase
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Heck yeah! It's nice to see some Silver videos! I know you are all about gold buddy

ApollosChariot
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The dollar is bankrupt. There is a BIG difference between now en then. We will run out of silver soon, because the industrial use is higher than the demand. Put that beside the unsustainable debt of the US and silver is better investment than anything else. If people recommend you not to buy silver, banks, Blackrock or governments will have a finger in it..

adriaan