GOLDBUGS AMEX Goldbugs Index (GOLD): I am aware of the Hunt debacle. It's wha...

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Re: sojourner post# 8382

Thursday, 10/23/2008 7:48:31 AM

Thursday, October 23, 2008 7:48:31 AM

I am aware of the Hunt debacle. It's what got me into precious metals in the first place. I made a lot trading silver back then and reinvested in high grade silver dollars at a premium. Lost my profits when congress legislated collectables out of retirement plans. I know the scenario as you posted and it is true except for one small item. The Hunts did not demand delivery. No doubt they would have but it was only the rumor of their possible demand that set off the price explosion.

..........al

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