When the Fuggers made their first loan to the Archduke Sigismund in 1487, they took as security an interest in silver and copper mines in the Tyrol. This was the beginning of an extensive family involvement in mining and precious metals. The Fuggers also participated in mining operations in Silesia, and owned copper mines in Hungary. Their trade in spices, wool, and silk extended to almost all parts of Europe.
When the Fuggers made their first loan to the Archduke Sigismund in 1487 they took as security an interest in silver and copper mines in the Tyrol This was the beginning of an extensive family involvement in mining and precious metals The Fuggers also participated in mining operations in Silesia and owned copper mines in Hungary Their trade in spices wool and silk extended to almost all parts of Europe