Nation: He Has a Passion for Silver

It cost him billions and nearly caused a panic

It had to be a Texan, of course. Who else could head a small investment group that loses $1 billion on paper in a single day and still has perhaps $2 billion left after that? A Saudi, maybe, and in fact there were three Saudi Arabian colleagues plus a Brazilian. But their leader, the man who shook the world's commodities markets and almost caused a financial panic last week, is an archetypal Texas wheeler-dealer, Nelson Bunker Hunt.

He does not...

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