Between 1973 and 1980, the Hunt brothers purchased 100 million ounces of physical stock of silver ingots. However, after making this large and relatively secure investment, they risked making some riskier trades, including the COMEX silver futures exchange. At the end of the decade, the exponential growth in the price of gold and silver worried investors and economists. When the COMEX stock exchange changed its trading rules and the price of precious metals plummeted, the Hunt brothers lost billions of dollars.
They were rescued by the Federal Reserve worth a billion dollars, but soon after they were tried and fined hundreds of millions of dollars in court. Despite their controversial legacy, the Hunt brothers are still remembered as one of the country's biggest silver holders for their investments in the 1970s. Investors can buy physical silver in the form of ingots, ingots, or bags of junk silver. This is the purest form of investment in silver, but it involves problems and expenses related to storage.
You can buy silver stocks just like you would buy the shares of any company, through a brokerage agency, an investment application, or an online trading platform. Much of its discretionary cash is constantly put aside waiting to be used to buy silver ingots, especially during dramatic declines in silver spot prices. As long as you only buy from reputable dealers, buying silver ingots is one of the least risky investments you can make. You may have heard or seen some buyers of silver ingots sometimes refer to themselves as silver “stackers”.
We will begin by analyzing three former owners and buyers of silver ingots who on several occasions acquired and controlled at that time the largest quantity of silver ingots in the world.