In this week’s episode, we compare the Hunt Brothers to JPM and their silver acquisitions. The difference is that back in the late 70’s it took 100 million ounces, but today JPM has close to 140 million ounces.
Here is an article discussing the history of the Hunt Brothers’ action in the silver market.
Trading Places With a Myth That the Hunt Brothers Cornered the Silver Market – Crush The Street
Will history repeat? It sure looks like it. The current trends of investors to take delivery of physical and the amount of entities taking delivery we see major shortages on the horizon and triple digit silver. It currently seems unrealistic, but prices over $100 will quickly be normalized. Investors today have an opportunity to invest in silver while it is currently undervalued.
We look at the history of diamond values and see how a .55 pink has risen from $100K to over $600K in less than ten years.
For those looking for an engagement ring or a sizable fancy should consider a 1.60 carat fancy yellow diamond offered at Guildhall. Using Fancy Color Research Foundation information, we estimate that there are less than 100 similar diamonds coming to market every year. This is truly a unique diamond which makes a beautiful addition to a jewelry collection and hard asset portfolio.