GOLD 0.51% $1,391.7 gold futures

gold, page-19714

  1. 33,126 Posts.
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    Not a big one for charts myself but there is little doubt that with physical gold and silver you can never go broke.
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    You can't go broke with gold or silver? About the most absurd statement I've ever read on hot copper . Ask the Hunt Brothers after the 1980 silver crash.

    Aftermath

    The Hunts lost over a billion dollars through this incident, but the family fortunes survived. They pledged most of their assets, including their stake in Placid Oil, as collateral for the rescue loan package they obtained. However, the value of their assets (mainly holdings in oil, sugar, and real estate) declined steadily during the 1980s, and their estimated net wealth declined from $5 billion in 1980 to less than $1 billion in 1988.[4]
    In 1988, the brothers were found responsible for civil charges of conspiracy to corner the market in silver. They were ordered to pay $134 million in compensation to a Peruvian mineral company that had lost money as a result of their actions. This forced the brothers to declare bankruptcy, in one of the biggest such filings in Texas history.[5]
 
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