Silver may not run up immediately, but it’s a pretty good bet that it will over the next few years. From Nick Giambruno at internationalman.com:
The media hated them.
Big Business, numerous federal agencies, and politicians of all stripes hated them too.
Tiffany’s, the famous jewelry company, vilified them in a full-page advertisement in The New York Times, calling them “unconscionable.”
The villains everyone loved to hate were the Hunt brothers. They were critics of the fiat money system and advocated hard money based on commodities.
At the time, private ownership of most gold was illegal in the US. So the Hunt brothers turned to the next best thing: silver.
From the late ‘70s to 1980, they stockpiled silver. And unlike other investors who settled their silver trades in cash, the Hunts took physical delivery. This often meant flying the silver to Switzerland for storage.
It squeezed the supply… and helped push up the silver price. It went from around $6 in the late ’70s to over $50 in 1980.
But were the Hunts really the bad guys everyone made them out to be?
