Nelson Hunt dead at 88

[jeff of pa]

Nelson Bunker Hunt, the Texan oil billionaire whose cornering of the silver market in the late 70s took the silver price to what is still its all-time high of $50 an ounce has died at the age of 88 in a care home.
In the oil boom of the 1980s Mr. Hunt was reckonned to be the world’s richest man, a title held by Bill Gates founder of Microsoft today. Apart from his huge oil investments Mr. Hunt diversified into cattle, race horses, land and other real estate, sugar, banks, art, a pizza chain as well as most famously silver.

Nelson Hunt the man who took silver to $50 in 1980 dies aged 88 | SilverSeek.com

 

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[Mackaydon]

Ahhh, those were the days (before silver crashed); redeeming silver certs for over $1.50 in change per bill.
Don......

 

[TheCoinKid]

I had not heard.

I indirectly worked for him and his family during most of the 1980s, and was there for much of the silver buying, as well as the resulting bankruptcy of many of the family businesses. I've got a funny story about the first time I met the man, but I will save it for later.

TCK

 

[fistfulladirt]

That was back when we tossed the "40's"