Business: Bunker's Busted Silver Bubble

The Hunts face Congress and bankers after their fall

Those bashful bullionaire brothers W. Herbert and Nelson Bunker Hunt showed up in public last week for the first time since their speculative bubble burst on "Silver Thursday," March 27. The Hunts were testifying before two congressional subcommittees looking into their metal market machinations over the past year. As the brothers told the tale, they were just worrying, like most Americans, about the worsening economy. As Bunker Hunt has reportedly said, "A billion dollars is not what it used to be." Inflation had destroyed their faith in the dollar, so early in 1979...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!