In 1979, Lei Weidong was able to invest billions of dollars in big projects that would not collapse, only gold futures and the second oil crisis, if the Hong Kong stock market, Lei Weidong invested billions of dollars into it will definitely be completely destroyed, after all, Hang Seng's plate is still too small.

In the 21st century, with the sharp fall of international gold prices, "Chinese aunts" are famous all over the world, and all kinds of reports about gold are overwhelming, and slightly more in-depth reports have mentioned the past when the international gold price soared in 1980

During World War II, the United States, as the victorious country and the most powerful country in the world, established a Bresson financial system in which gold is pegged to the US dollar, that is, 35 US dollars per ounce of gold, which can be freely converted.

However, with the defeat of the Korean War and the Vietnam War, especially the Vietnam War, the US military was mired in war and could not extricate itself.

The huge fiscal deficit has repeatedly hit the credibility of the dollar, so countries have sold their dollars and grabbed gold.

As the Vietnam War deepened, the deterioration of the US fiscal situation finally triggered a full-scale dollar crisis.

In March 1968, the global gold rush led to a record turnover in the London gold market, and the United States could no longer maintain the official price of gold, and finally had to announce that it would abandon the market supply of US$35 per ounce.

Since then, the price of gold has officially entered free floating.

In 1970, the specter of inflation in the United States and around the world struck again, and the market bought gold because of the bet that the rights of American citizens to own gold, which had been restricted for many years, would be liberated, which would greatly stimulate the demand for gold.

On August 15, 1971, U.S. President Richard Nixon made a televised speech closing the gold window and stopping governments or central banks from holding U.S. dollars to exchange for gold.

The U.S. dollar broke free from the prison of gold and floated freely in the foreign exchange market.

So in 1973, the price of gold broke through $100;

Between 1974 and 1977, the price of gold fluctuated between $130 and $180;

However, in 1978, the price of gold suddenly soared to $244.

In 1979, the price of gold rebounded, falling to $200 an ounce of gold, but because of the Islamic Revolution in Iran, after the establishment of the new Iranian regime, the contradictions with the United States and other industrialized countries began to intensify, and in November, the staff of the US Embassy in Iran were seized, and the hostage crisis of the US Embassy in Iran occurred.

Coupled with the entry of Soviet troops into Afghanistan, the geopolitical problems in Central Asia have further exacerbated the unstable expectations of international geopolitics.

As a result, the price of gold began to soar at a faster pace, and shortly after the price of gold crossed $400 an ounce on October 1, 1979, followed by $500 an ounce on December 28.

And this is just the beginning, in early 1980, the price of gold on January 3, 16, and 18 respectively exceeded $600 / ounce, $700 / ounce, and $800 / ounce in less than 20 days. And on the 21st, the gold price hit a high of $850 per ounce.

At the same time that the price of gold soared, the price of oil also began to soar, and oil prices began to soar from $13 per barrel in 1979 to $41 at the end of 1980, the second oil crisis that swept the capitalist world, triggering and exacerbating another world economic crisis.

While oil and gold continue to rise, the precious metal silver is not to be outdone, and its price continues to rise, but unlike gold and oil, which are large, the rise and fall of silver, which is relatively small, is obviously artificial speculation.

Nelson Buck Hunt is a well-known American oil tycoon and billionaire.

In the early 70s of the 20th century, the price of silver hovered around $2 an ounce.

Since silver is an important raw material for the electronics and optical industries, Hunt understands that the production of silver will not be able to fully meet the needs of society for many years to come.

The market does not have too much silver in reserve, so he has a criminal conspiracy idea: to buy all the silver on the market, and then manipulate the entire financial market.

So Nelson Hunt and his accomplices began to enter the silver market very stealthily, quietly hoarding silver.

In just a few months, the price of silver also rose from US$2.5 per ounce to US$6 per ounce.

Nelson Hunt spent more than $100 million on more than 40 million ounces of silver. There has been a herd effect in the silver market, there are many speculators on the silver market exchange, the price of silver continues to rise, and Hunter holds his position.

But at the time, the Mexican government hoarded 50 million ounces of silver, all of which cost less than $2 an ounce, and the Mexican government decided to immediately sell it at $6.70 per ounce

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