Loading ...Re the Hunts….they did use other people, as Bunker knew a lot of very wealthy Arabs, who put a consortium together, to buy Gold as well….they operated through Dresner bank, a large German Bank. Bunker made his money by blind bidding on a Libyan field, asked BP to explore it and if they found anything develop it and split the profits 50/50 %…..they hit a huge field….Bunker was earning millions a week, lieing on his bed !!!!
To try and slow the mkts down, the IMF announced they were going to sell gold at monthly auctions……a certain tonnage of gold…..to buy you had to put a bid in…..well the first Auction came out and the price was above spot and more was bid for , which of course sent the mkts flying higher, then the next auction, then the next and it was nearly always the same …..Dresner over paid and over bid, the consortium had opened an account with Dresner, who no-one had heard of in the Gold mkts. They blind sided the entire official mkt.
I met the guy who ran the operation, he said it was the best fun he ever had, in the mkts.