Anyone remember the Hunt brothers?
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So do I. We didn’t have trillions of unpayable debt then, or a dollar index falling to 97.9 ( today) and every paper currency on the planet tanking.
I'm sure my roommate at the time does. At silver's height, he spent an entire pay check on silver bullion. The crash came two weeks later. I don't know what he did, as I had left a few days after he spent all his money.
The hunt brothers. My (late) father sold all his silver somewhere around $40 oz. He and my brother walked into Continental Bank in Chicago with several buckets of silver bars when you could just go to their “Precious Metals” desk and trade. I think he purchased most at about $7 or $8 per oz.
We didn’t have trillions of unpayable debt then, or a dollar index falling to 97.9 ( today)”
LOL! The dollar index was even lower then!