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HOARDING IS THE act of acquiring a large amount of a commodity in an attempt to increase the market price of the commodity to well above the price obtainable if there were many buyers and sellers in the market for the commodity. This type of market manipulation has also been attempted for several types of financial assets. Examples of goods that may have been manipulated in this manner include silver, oil, treasury bonds, and diamonds.

The Hunt Brothers

In 1973, the Hunt family of Texas, possibly the richest family in America at the time, decided to buy precious metals as a hedge against inflation. At the time, private citizens could not legally own gold, so the Hunts began to buy an enormous quantity of silver. In 1979, ...

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