Poor Man’s Gold
By: David Chapman, Union Securities | 25 February, 2004

By early 1980 silver had soared to of US$54/oz. In March 1980 with assistance from changes in COMEX trading rules and the intervention of the Federal Reserve the silver market collapsed including an infamous 50% decline alone on March 27, 1980. The Hunt Brothers became one of the biggest bankruptcies in US history and were also convicted of conspiring to manipulate the market. Life imitates art. So why the fascination with silver, poor man’s gold? Full Story