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World Economy Will Crash Same as Silver Crash of 1980

 
Spacerock
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User ID: 6516549
India
12/04/2011 12:04 PM
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World Economy Will Crash Same as Silver Crash of 1980
Just like the stock market crash of 1929 was caused by investors bidding up the prices of shares by purchasing them using borrowed money (margin loans at 10-to-1 leverage), the 1980 crash in the silver market was caused by the Hunt brothers using borrowed money to artificially drive up the price of silver.

They started out using loans against their oil fortune to finance their accumulation of silver contracts, then once that "demand" caused the price to rise, they used the increased value of their holdings to borrow more money to purchase more silver (creating artificial demand that drove silver prices further higher).

Once the price began to drop and they started getting margin calls to meet their loan obligations, they had to begin selling.

At their peak of buying, the Hunt brothers controlled approximately one third of the entire world's available supply of silver.

Today world debts are some $300 Trillion. Many giant companies have big or massive debts.

This means now world economy will crash. Same as Silver crash of year 1980.
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Anonymous Coward
User ID: 6437893
United States
12/04/2011 12:12 PM
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Re: World Economy Will Crash Same as Silver Crash of 1980
Good. When silver is worth $0.000000000001, by your theory, I can buy it ALL up for a nickel.

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