| Author |
 Replies: 20 / Views: 2,754 |
|
Valued Member
United States
477 Posts |
What is the largest PM hoard owned by a single individual? I'm not talking some large hoard of coins found that's several kg of silver, but like silver an indivudal acquired or purchased (not found). Thanks. I'm not really interested in like governments or organizations but to individual owned collections. Thanks.
|
|
|
|
Pillar of the Community
United States
808 Posts |
Another forum member not too long ago created a poll which asked a similar question. I believe maybe one or two members voted having over 4000 troy ounces(!) of silver. However, the average stack was something on the order of 150 to 200 troy ounces. I was never so pleased to find out that I was average.  Seriously, searching through the old posts here on Coin Community can provide an amazing wealth of information. Don't be afraid to give it a try! |
|
Valued Member
United States
142 Posts |
I fear giving you the answer to your question would make me an accomplice in what is surely the next step in your get rich quick scheme.
Edited by unfamiliar
07/27/2012 03:15 am
|
|
Bedrock of the Community
Australia
21788 Posts |
It would have to have been the Hunt brothers hoard. Nobody else had intentions of cornering the silver market.
|
|
Pillar of the Community
United States
3294 Posts |
|
|
Pillar of the Community
United States
3294 Posts |
The hunt brothers had over 3,000 tons.
|
|
Pillar of the Community
United States
863 Posts |
How did the hunt brothers get the cash to buy that much silver in the first place
|
|
Pillar of the Community
United States
1511 Posts |
3,000 tons!? Dear god, ya where did they get the money for that?
|
|
Pillar of the Community
United States
1432 Posts |
They were two of the sons of H. L. Hunt. Quote:
Haroldson Lafayette "H. L." Hunt, Jr. (February 17, 1889 -- November 29, 1974), known throughout his life as "H. L. Hunt," was a Texas oil tycoon and political activist. He built one of the world's largest fortunes by trading poker winnings for oil rights, ultimately securing title to much of the East Texas Oil Field, one of the world's largest. Reputed to be the wealthiest person in the world at the time of his death, his many children by three wives inspired the television series Dallas. |
|
Bedrock of the Community
United States
36782 Posts |
A lot of the Hunt Brothers holdings were paper contracts. Not sure that would count. Government changed the rules on them and all they could do was sell the contracts and not take delivery. I think that might make Binion the largest holder of actual physical metal.
|
|
Pillar of the Community
United States
808 Posts |
The Hunt brothers were rich and bought a LOT of silver contracts on margin. Then the party came to an ugly end. See Silver Thursday for all the details. |
|
Pillar of the Community
United States
3670 Posts |
Where did they get it?
Not what you know all to often, but who you know. Their father was smart and established I am guessing without even reading the thoughts above yet....
The owner of my gold kiosk bus, goldbuyers at the mall, started with two kiosks in New Hampshire, 24 years old. A son of a successful jewelry store owner....
His timing was good, and his overhead little....
Two stores spread to 260 across 50 states, and last year we CLEARED 50 plus million. My bar I work at makes 6 million a year, one of the top in town bar none for prospective....
Speaking of kiosk we were number 1 in district last month (11 stores) and I hit the most bonus of any team member in our district. My boss said I was huge in coming on as he could not have did it all without me. We bought over 600 DWT last month alone and already have 235 this month (#1 again for now), as August is biggest month by FAR, via school starting back folks needing extra cash and it accounts for about a quarter, the month of August alone....
I mail ever piece I buy to owners doorstep, he owns his melt lol....
Now then, how would you like to have 260 stores mailing you gold each an every day, about 10% accounting for nice old gold coins?
I lost my old coin store job as they pull out of town and left me high and dry....
Sometimes thing happen for a reason I guess as I clear way better with bonuses at new job, keep your heads up opportunity will present itself, pmz as well.....
Edited by Silverhawk74
08/05/2012 3:10 pm
|
|
Pillar of the Community
United States
759 Posts |
I bet those tax returns don't say 50 and 6 million, respectively.
|
|
Pillar of the Community
United States
4897 Posts |
Dubious at best (no offense) Quote:
6 million a year The bar would have to Net $16,500 a day 365 days per year....just sayin |
|
Valued Member
Canada
135 Posts |
I could speculate that the largest personal hoard would be a member of the Rothschild family.
|
|
Pillar of the Community
United States
808 Posts |
Culture undoubtedly plays a role for how the super rich choose to preserve wealth. My guess is that the largest personal PM hoards will be found in Asia.
Edited by coinwatch
08/05/2012 8:23 pm
|
| |
Replies: 20 / Views: 2,754 |
Posted 07/27/2012 03:14 am
