Deak & Co had once been a pillar of the global precious metals trade. The Deaks were a Hungarian family that fled Nazi persecution. It built its reputation on secrecy.
The murder of a bullion dealer in 1985 has much to teach silver investors. Nicholas Deak was the force behind Deak & Co. In its day, this firm was the largest non-bank precious metals dealer in America.
On a windy day in November 1985, a homeless woman walked into Deak’s New York office. She pulled out a revolver and shot the 80-year-old Deak dead. The court found the killer to be mentally unstable. The motive was unclear, but the tragedy ended the life of a towering figure in the silver trade.
