And every time I hear somebody go, "Oh, yeah, $50 silver." That's when the Hunt brothers uh cornered the market on on silver. Uh, everybody that says that does not know what they're talking about. And this person at Goldman Sachs is one of them. I just want to point something out for people. Do you see where it it says um global financial crisis? And before that, Hunt brothers corner the silver market. Okay, this is a chart. Who is this produced by? Is this Bloomberg? Gold. Goldman's precious


metals analyst. Okay. She hasn't studied this. She doesn't know anything about the Hunt brothers. I've studied. I I had my researchers go through a stack of book. I'm dyslexic, so I couldn't read all of this, but they pointed out what I should read, but it was a stack of books almost a foot high. The best one is manipulation on on trial. And first of all, there was no proof that the Hunt brothers actually manipulated the silver market or cornered it. So, she's labeled this incorrectly. Uh when I interviewed


Jeff Christian uh of CPM Group, he said that the Hunt brothers added 50 cents, maybe 75 cents at the most to the silver price. It was really the public changing their preference from gold to silver. And if you really study this and you know what you're talking about like I have, I have studied this intensely. And when you study it, what you find is that you can also make an enormous case. I'm not saying that this is absolutely what happened, but when you uh add the fact that Paul Vulkar, the chairman of the


Federal Reserve, was involved in a lot of these rule changes that the Commodities and Futures Trading Commission imposed on the Hunt brothers. Um raising margin requirements, position limits, and then finally uh saying sell orders only. That liquidation orders only. What kind of rule is that? That anybody can sell silver, but nobody can buy silver. That is an order that says until this order is lifted, the price of silver must fall. Now, why was the chairman of the Federal Reserve involved in some of


these decisions? I believe because gold was in a runaway. This this was my theory that the Hunt brothers were used as the scapegoats to cap the price of gold to save the US dollar. People have no idea how close we came to losing the dollar. Hi, it's Mike here. Just a quick message. I wanted to welcome the huge number of new visitors to our videos, but point out that less than 15% of our viewers have subscribed to this channel and hit the notification bell. We're heading into some turbulent times. So,


if you don't want to miss any updates, make sure you enable notifications. And thank you as always for clicking the thumbs up button. One more thing, at golds.com, we've been providing top-notch educational content for over 20 years. If you'd like to help us continue this mission, we'd be honored to be your precious metals dealer. And now back to the video as the scapegoats to cap the price of gold to save the US dollar. People have no idea how close we came to losing the dollar back in n


January 1980 because lions were developing all over the world to well all over the world really uh North America and Western Europe because that was the only place like it was illegal and available and it was uh and there were exchanges that would affect the price. Uh so it was roughly 10% of the world's population. Today it's 100%. 18 times more people when you consider the population growth. But um th this is your typical analyst uh at one of these major firms which are just all a bunch


of bungling idiots that that create this propag. They just perpetuate these things that could they they're myths first of all that may or may not be true. The Hunt brothers trying to corner the market. The Hunt brothers initially started believing that the dollar was doomed because it only been a fiat currency for eight and a half years. Every fiat currency had had always failed. Uh Nelson Bunker Hunt absolutely believed that the dollar was doomed. the first uh deliveries he took, he had three 727s


uh go to LaGuardia Airport and in the middle of the night, there's a great article called Silverfinger that ran in Playboy magazine that's actually highly accurate. But uh you know on a moonlit night he had the Circle K Cowboys, his own guards guarding all of this silver that was loaded into planes and flown to Switzerland to be uh locked in in underground vaults, bunkers. So Bunker was locking it into bunkers. Anyway, um I I do believe that with gold in a runaway and the gold market being


about 300 times the size of the silver market back then at least. Or maybe that was No, that was when I wrote my first book. It was 300 times the size. I don't know what it was in 1980, but the silver market is much much smaller. Therefore, much easier to manipulate. So if they could make an and and the in gold there was no concentrated position like there was in the silver market with the hut brothers. So with the silver market uh they could uh intervene and uh make an example of the Hunt brothers and and use


them as a scapegoat to cap the price of gold because a lot of silver traders are also invested in gold and because on in the old-fashioned uh pits on the floor, the trading floor where it's a circle of guys screaming at each other and doing hand signals, they're right the silver pit is right next to the gold pit. And don't you think when they were on a a little potty break that they were the gold guys are going, "Wow, if they can do that to silver, we're next." And so on the same day, the gold guys also


started selling. Gold and silver peaked on the same day. I was always interested on what were the dynamics behind this. And the more I studied it, the more suspicious it looked uh that that uh the Hunt brothers did not corner the market on gold. And every time I hear somebody go, "Oh, yeah, $50 silver. That's when the Hunt brothers uh cornered the market on on silver." Uh, everybody that says that does not know what they're talking about. And this person at Goldman Sachs is one of