Few individuals have lived lives large enough to be immediately associated with a particular commodity. Think oil and J.D. Rockefeller; steel and Andrew Carnegie; and diamonds and the Oppenheimer family. For silver, it’s the Hunt brothers of Texas and Nelson Bunker Hunt in particular, who died on Oct. 21 at age 88 in Dallas of cancer and dementia.
Bunker is said to have died in modest circumstances, but in many ways that is how he lived even in the early 1970s as one of the world’s richest men: wearing cheap suits, driving an old Cadillac and often flying economy. He was a non-smoking, teetotaller with a jovial spirit and taste for gambling, who favoured burger joints and tipped the scales at 275 pounds.
His net worth peaked at US$16 billion, … But Bunker and brothers Herbert and Lamar Hunt made it into the annals of silver lore when they tried to corner the silver market starting in 1973 using margin purchases, borrowed money and the help of two Saudi princes. By 1974, they had quietly bought up rights to 55 million oz silver.
Read the complete article at NorthernMiner.com/news/editorial-hunts-silver-play
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