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From: Mild Shock <janburse@fastmail.fm>
Newsgroups: sci.physics
Subject: Flashback: Silver Thursday and the Hunt Brothers (Was: Michael Saylor
 leads the brainless)
Date: Mon, 11 Nov 2024 22:12:40 +0100
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The Hunt Brothers, Nelson Bunker Hunt and William
Herbert Hunt, were Texas oil billionaires who
attempted to corner the silver market in the late
1970s and early 1980s. Their strategy was to buy
massive quantities of silver, causing its price
to skyrocket from around $6 per ounce in 1979 to
nearly $50 per ounce in early 1980.

However, their efforts collapsed dramatically
on "Silver Thursday," March 27, 1980, when the
price of silver plummeted. The fall was triggered
by a combination of regulatory changes (higher
margins on silver trades) and a massive sell-off.
The brothers had leveraged their silver investments
heavily, and when the prices crashed, they faced
massive losses.

Ultimately, they were accused of market manipulation,
and their financial empire crumbled. In 1988, the
Hunts were found guilty of trying to corner the
silver market and had to pay fines and settle
numerous lawsuits. The financial fallout left them
bankrupt, and Bunker Hunt declared bankruptcy in 1988.
Despite their dramatic financial downfall, the Hunt
family remained wealthy, but they lost much of the
fortune amassed in their oil business.

Mild Shock schrieb:
> 
> MicroStrategy has acquired 27,200
> BTC for ~$2.03 billion at ~$74,463 per
> #bitcoin and has achieved BTC Yield of 7.3%
> QTD and 26.4% YTD. As of 11/10/2024,
> we hodl 279,420 $BTC acquired for ~$11.9
> billion at ~$42,692 per bitcoin. $MSTR
> https://twitter.com/saylor/status/1855959543508828428
> 
> What an idiot, 26.4% YTD isn't even
> realized when its only increase in market
> value,  and its quite mediocre.
> 
> Just check this out:
> 
> The MSCI ACWI Investable Market Index (IMI)
> captures large, mid and small cap representation
> across 23 Developed Markets (DM) and
> 24 Emerging Markets (EM) countries*. With 8,780
> constituents, the index is comprehensive, covering
> approximately 99% of the global
> equity investment opportunity set
> https://www.msci.com/documents/10199/4211cc4b-453d-4b0a-a6a7-51d36472a703
> 
> It says:
> 
>   ACWI IMI World IMI Emerging Markets IM
> 2023 22.18 23.50 12.13
> 
> But it can be also negative, just like with
> Michael Saylor BTC "yield" in the future.
> 
> Mild Shock schrieb:
>> Hi,
>>
>> The good thing is that Muricas have
>> no Braincells. They might really try to
>> establish a strategic Bitcoin reserve,
>>
>> basically not understanding what Crypto
>> means and how limited Bitcoin will be
>> in the future, Bitcoin will basically dissolve
>>
>> in a few years, and be replaced by
>> other Coins that are faster and unlimited.
>>
>> Bye
>>
>> P.S.: Even China is laughing at Muricas:
>>
>> JUST IN: 🇨🇳 China Central TV reports that
>> “Trump has promised to make the US the
>> world's #Bitcoin and crypto capital and
>> establish a strategic Bitcoin reserve.”
>> https://twitter.com/BitcoinMagazine/status/1854580132423614888
>>
>> But you find the idea also formulate by Muricas.
>