I think the best way to describe Nelson Bunker Hunt is this; Archie Bunker with couple of billion dollars in the bank. He does not smoke, drink or gamble. The son of a flagrant womanizer, who openly produced two completely separate families, and a third in secret (fifteen children in total by three women), Nelson is a major financial supporter of Fundamentalist Christian political groups. Nelson was friends with and a financial supporter of both Senator Jesse Helms.of North Carolina and Senator Strom Thurmond of South Carolina. He is also a major financial supporter of the John Birch Society. He collected a thousand thoroughbred race horses and yet always flies coach. He is famous for searching his couch cushions looking to recover lost change, his own and visitors.
That day, the silver markets did open. They simply collapsed. The price of silver futures fell to $10.20 an ounce. The day passed into history as “Silver Thursday”.
In better times, Nelson Baker Hunt said, “People who know how much they're worth, aren't usually worth that much.” Stephen Susman, one of Nelson’s lawyers, said, “These people are gamblers. If you’re a gambler, you take your shot.” Except, of course, these powerful folks always think they have the biggest gun in town.
- 30 -