The time was around late 1970s, two Texas oil tycoons set out to corner the silver market. Drove the prices up by 400% in just months. What followed was one of the wildest boom-and-bust tales in financial history — with lessons investors still talk about today. Nelson Bunker Hunt and William Herbert Hunt weren't your average traders. They were oil-billionaires from Texas, heirs to one of America’s wealthiest families. But they wanted more and their idea was simple. Inflation was rising and the Hunt brothers feared that the US dollar would lose value. If the dollar weakened, investors would turn to metals like gold and silver, driving prices higher. Gold was expensive, while silver appeared to be the more affordable, undervalued alternative. So, the brothers turned their attention to silver. With their wealth, the Hunt brothers began acquiring silver in large amounts. They purchased physical silver and stored it in warehouses. Further, they bought futures contracts on silver, which gave them the right to buy more silver at a later date. The futures contracts are generally settled in cash. Traders usually do not take delivery of the metal. But, the Hunt brother chose to do things differently. Read on: https://www.kotaksecurities.com/investing-guide/articles/brothers-who-broke-the-silver-market?utm_source=social&utm_medium=wa&utm_campaign=kotak-insights