Word: bunkerism
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...last week was a classic. What happened, apparently, was that Nelson Bunker Hunt, one of the world's richest men (see following story), set out with some associates to accumulate immense hoards of silver last year. Their buying helped drive up prices from $6 per oz. in early 1979 to $50 two months ago. The Hunt group then seemingly borrowed against its silver profits to buy other commodities and stocks. But the $50 price of silver could not be sustained, and when it began to slip the whole pyramid began to tumble...
...perhaps $2 billion left after that? A Saudi, maybe, and in fact there were three Saudi Arabian colleagues plus a Brazilian. But their leader, the man who shook the world's commodities markets and almost caused a financial panic last week, is an archetypal Texas wheeler-dealer, Nelson Bunker Hunt...
...does not look the part. A 225-lb. man of 54, Bunker Hunt dresses in inexpensive brown suits, though he bridles when they are called cheap ("I don't know where you can buy cheap clothes," he says). He neither smokes nor drinks, drives himself to work in a 1973 Cadillac, and lists his phone number openly in the Dallas telephone directory. His taste in food is plain. Says one associate: "He is the kind of guy who will order chicken-fried steak and JellO, spill some on his tie, and then go out and buy all the silver...
...Lear and Haley would only remember their roots, they should soon bring on a new Edith Bunker or Chicken George to stir Palmerstown...
...house to conduct business, shop or even vote. In such an age of bread and circuitry there is no telling how powerful one might become. Says Toffler solemnly: "One can imagine a stage at which even ordinary television becomes interactive, so that instead of merely watching some Archie Bunker or Mary Tyler Moore of the future, we are actually able to talk to them and influence their behavior in the show." One can hardly wait...