Why did silver go up in 1980
No one could really give any comprehensive explanation for why the silver price climbed 175pc in a year. The market was meant to be in surplus but somehow investors were in the midst of a buying frenzy that flew in the face of fundamentals. Gold’s only significant selloff (46% in the early 1980s) occurred just after its biggest bull market in modern history. Gold rose more than 2,300 percent from its low in 1970 to the 1980 peak. So it isn’t terribly surprising that it fell with the broader stock market at that point. In 1980 gold basically shot up like a bullet out of a gun and then, like a bullet, slowed down and returned to earth. History In January 1980 gold was fixed at a record 850 USD an ounce while high inflation, strong oil prices , Soviet intervention in Afghanistan as well as the impact of the Iranian revolution prompted investors to heavily buy In 1980 the Hunt Brothers attempted to corner the silver market with both COMEX contracts as well as holding physical silver. When the US Government made the decision to shut them down and end the supposed manipulation the Hunts held 90M ounces worth of long COMEX silver contracts.
March 27th, 1980 – The Hunt brother's attempted cornering of the silver inflation was around 17%!) The price of silver would rise from $6 per ounce to more than The Hunt brothers had borrowed heavily in their attempt, and when prices of
Silver Thursday was an event that occurred in the United States silver commodity markets on Thursday, March 27, 1980 following the attempt The Hunt brothers had invested heavily in futures contracts through several brokers, of credit to the brothers which allowed them to pay Bache which, in turn, survived the ordeal. 16 May 2011 Investors had added $700m during the year so far. The past fortnight's story of silver's rise and demise shows how risky a market for small 18 Feb 2011 Silver hit a record high of $50 an ounce in 1980 after the famous (or JPMorgan had been trying to combat these allegations by reducing its huge This ratio is " not sustainable level in the long run" and will move up over 19 Mar 2010 3.2 Silver Thursday and added selling pressure on precious metals: On March 27 th 1980, the Hunt brothers couldn't pay a $100 mn margin call 28 Jul 2016 The cause for a rise in silver prices from $6 per oz. in early 1979 to $50 per oz. in January 1980 was largely attributed to the actions of the Hunt 21 Feb 2019 The Hunt Brothers contributed to silver's rise, but were only one of “Silver spiked in 1980 only because the Hunt Brothers were trying to corner it.” If the Hunt Brothers were the reason for silver's climb, why did gold rise in 23 Apr 2014 April 2011 saw silver prices double from 6 months before. unless silver traded above the $50 price level it had hit in 1980. And because of the growing demand, and the coincidental rise in the silver price, the story stuck.
If the ratio were to fall back to 14, as it was in 1980, silver would have to increase over 236.9% to $96.07/oz if gold did not go up at all. And there are more
15 Mar 2017 Whenever true prices start to exert themselves, the MFM go into overdrive to They steadily bought the metal, ramping up its price. But buying demand persisted, and by January, 1980, silver had reached a record $49.45 So people who had savings accounts basically had no return on their dep Continue Reading As the stock market crumbled in 2008, the price of gold and silver popped up a bit. As the US dollar (USD) 1980 Recession. 1981–1982 15 Jan 2020 This amounted to a nominal return of 988.6%, or a 10.9-fold rise. to the downside post January 1980, but the point is how silver does in a March 27th, 1980 – The Hunt brother's attempted cornering of the silver inflation was around 17%!) The price of silver would rise from $6 per ounce to more than The Hunt brothers had borrowed heavily in their attempt, and when prices of Silver Thursday was an event that occurred in the United States silver commodity markets on Thursday, March 27, 1980 following the attempt by brothers Nelson Bunker Hunt, William Herbert Hunt and Lamar Hunt to corner the silver market. A subsequent steep fall in silver prices led to panic on commodity and futures exchanges. Some theorize the American government suppressed the price of silver up until this point from the 1950s after the war. Developments in telecommunications in the 1980s saw a rise in demand for cabling and electronics. Not sure about 1980, but I think silver is extremely overpriced at its current levels.
14 May 2014 The January 1980 silver price blow-off was a bubble, and it was materially different from the April 2011 price spike. Prices for food, energy, silver, and gold are going up – broadly speaking The bubble in silver and gold is coming – it did not occur in 2011. Silver, Gold, and What Could Go Wrong.
28 Jul 2016 The cause for a rise in silver prices from $6 per oz. in early 1979 to $50 per oz. in January 1980 was largely attributed to the actions of the Hunt 21 Feb 2019 The Hunt Brothers contributed to silver's rise, but were only one of “Silver spiked in 1980 only because the Hunt Brothers were trying to corner it.” If the Hunt Brothers were the reason for silver's climb, why did gold rise in 23 Apr 2014 April 2011 saw silver prices double from 6 months before. unless silver traded above the $50 price level it had hit in 1980. And because of the growing demand, and the coincidental rise in the silver price, the story stuck.
24 Oct 2019
Gold & Silver Poised To Move UP As Much As 240% Over Next 12+ Months – Here's Why (+6K Views). Lorimer Wilson February 6, 2020 2 Comments 6,738 7 Apr 2019 Gold Goes Up When Inflation Rises From 1980 to 1989, for example, inflation rose by about 64 percent, but gold actually lost nearly one-third Silver prices went down to below 350 $/kg two months later (March 1980). One is that the price will not go below the cost of actual production for any Historically, countries had silver reserves to supply their coins and to back up their 10 Feb 2020 When gold goes up, it almost always takes silver with it. all-time high of $49 per ounce twice - in January 1980 and then again in April 2011. 30 Jun 2016 when they are low prices tend to rise, while excessive inventories depress prices. The same is true for silver and platinum. Since 1980 gold demand has been mainly for the fabrication of With demand growing much faster than supply consumers were rationed by higher prices and had to pay up to
1980. $594.90. 29.61%. 1959. $35.25, 0.00%. 2000. $272.65. -6.06%. 1979. $459.00. 120.57%. 1958. $35.25, 0.00%. 1999. $290.25. 0.54%. 1978. $208.10. 14 May 2014 The January 1980 silver price blow-off was a bubble, and it was materially different from the April 2011 price spike. Prices for food, energy, silver, and gold are going up – broadly speaking The bubble in silver and gold is coming – it did not occur in 2011. Silver, Gold, and What Could Go Wrong.