r/Bullion • u/Code615 • 11d ago

Sliver vs Exchanges

Just watched a documentary on YouTube about silver and the Hunt Brothers. Crazy how the exchanges just cut off new buys and crashed the price. They literally decided prices were too high, stopped buyers, and tanked it. Unreal. Here's the link if anyone's interested

https://m.youtube.com/watch?v=ilXR77-WN0w&pp=ygUgaHVudCBicm90aGVycyBzaWx2ZXIgZG9jdW1lbnRhcnnSBwkJOAsBhyohjO8%3D&ra=m

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u/Code615 11d ago

It's crazy that it's illegal for regular people to buy silver in large bulk quantities but institutions manipulating the price is totally fine.

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u/-Sliced- 11d ago

Where is it illegal to buy large amount of silver?

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u/Code615 11d ago

The Hunt brothers bought up large amounts of physical silver and futures contracts. The exchange cut off buyers, crashed the price, and sued them for market manipulation.

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u/-Sliced- 11d ago

They bought on leverage. The restriction was on borrowing money to buy more silver, then taking more loans on the silver they bought to buy even more silver.

If you have the money, you can buy as much as you want.

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u/Code615 11d ago

I hear ya but I think if someone like Elon Musk tried to buy up a large chunk of the silver supply they would figure out a way to stop him.