Silver to $160?

could happen!

In my book Panic, Prosperity, and Progress, I dedicated a chapter to the famous Hunt brothers silver squeeze of 1979. I won’t recount it here (buy the book instead!) but suffice it to say that their attempt to corner the market pushed silver from about $6.40 to over $40 in the span of a year. In the end, their attempt would fail, and it would bankrupt one of the richest men in the world.

One can’t help but notice how pronounced the recent move in silver is. There are no Hunt brothers going on right now, but the debasement trade is super-hot, and silver seems to climb every single day.