Free Republic

Contrary to popular myth, Bunker Hunt didn't try to corner the silver market; he and his brother were the main victims in one of history's biggest swindles. Nelson Bunker Hunt, R.I.P.: The Myth of the Hunt Brothers' "Scheme to Corner the Silver Market" 23 October 2014 “Nelson Bunker Hunt, oil fortune heir whose bid to corner the silver market led to ruin, dies.” So ran the headline of the Associated Press report, as it appeared in the U.S. News & World Report online edition for October 22. Similar headlines accompanied many other obituaries of the famous Texas investor/entrepreneur, and if...

Nelson Bunker Hunt passed away yesterday at age 88 in Texas. Who was he, you ask? Some outlets are reporting he and his brother were involved in a conspiracy to corner the silver market. In 1985, our news magazine reported on what actually happened. Hunt Brothers and the Great Silver Witch-Hunt The New American 04 November 1985 Over a million readers of the Wall Street Journal for October 3, 1985 saw the headline: "Hunts Sell Off Most of Silver Holdings, Taking Losses Estimated at $1 Billion." The bible of American big business reported under a Dallas dateline that the Hunt...