Watch Jim on the Rich Dad Podcast with Robert Kiyosaki
RME’s Jim and Charles join friend Robert Kiyosaki to Talk Precious Metals, the Economy, and the Hunt Brothers
This past week, RME’s Jim Clark and Charles Goyette were guests on friend Robert Kiyosaki’s Rich Dad Radio Show. Below you can watch the entire interview. In addition to the topics of the U.S. going bankrupt, precious metals, and more, Jim shares the incredible story of his historic silver trades with the Hunt Brothers from October 1979 to January 1980!
The Hunt Brothers Segment
During the show (at 31:08), Jim and Charles share an incredible story about how they first met Bunker Hunt, and how they eventually aided in the historic Hunt Brothers Silver purchases in 1979 and 1980.
You can jump straight to the Hunt Brothers portion of the show by clicking here.
Who were the Hunt Brothers?
The Hunt Brothers, Nelson Bunker Hunt and William Herbert Hunt, were Texas oilmen who gained notoriety in the early 1980s for their ambitious attempt to corner the global silver market. Starting in the late 1970s, the brothers began accumulating large amounts of silver, driving up its price to unprecedented levels. By early 1980, the price of silver had surged to nearly $50 per ounce. However, their plan eventually collapsed as the Commodity Futures Trading Commission implemented new regulations, and the Hunt Brothers’ financial empire crumbled which eventually led to bankruptcy and legal troubles. Their story remains a cautionary tale of the risks associated with attempting to manipulate commodity markets on such a massive scale.
Jim Clark and Charles Goyette were right in the middle of it all as the dealers who were able to acquire and deliver over 14,000 bags of silver for the brothers between October 1979 and January 1980. With inflation adjusted, that is almost $1 billion worth in today’s money! As Jim tells in the Rich Dad Radio Show video, when the Hunt Brothers took delivery of the silver in April of 1980, they sent seven armored tractor-trailers to haul it away. You can also read more about the Hunt Brothers in Jim’s book “Real Money for Free People: The American Gold Story”
Order a complimentary signed copy of “Real Money for Free People: The American Gold Story” here.
