What China appears to be trying to do recalls the Hunt Brothers back in the 1970s.
“””What China appears to be trying to do recalls the Hunt Brothers back in the 1970s.”””
Only difference is that China supposedly has a use for the silver it is accumulating.
Whereas, the Hunt Brothers saw an opportunity to corner the market, but what were they going to do with that silver hoard?
What China appears to be trying to do recalls the Hunt Brothers back in the 1970s.
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A big negative. The Hunts traded in paper contracts, today China deals only in physical, needed for their huge manufacturing base.
>> What China appears to be trying to do recalls the Hunt Brothers back in the 1970s.
But this time is different! Frankly, I can’t foresee silver EVER dropping again. There will be essentially eternal two to three percent gains approximately every news cycle. Buy silver, as much as you can, whenever you can, at whatever price the seller asks. Then simply hang on and enjoy the breathtaking ride!