During the California Gold Rush, Samuel Brannan capitalized on the gold discovery by buying up all the picks, shovels, and pans he could find, then reselling them at a significant profit.
He purchased pans for 20 cents each and resold them for $15 each, making $36,000 in nine weeks
During the California Gold Rush, Samuel Brannan capitalized on the gold discovery by buying up all the picks, shovels, and pans he could find, then reselling them at a significant profit.
https://en.wikipedia.org/wiki/Samuel_Brannan