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Nelson Bunker Hunt (February 22, 1926 – October 21, 2014) was an American oil company executive. He was a billionaire whose fortune collapsed after he and his brothers William Herbert and Lamar [ 1 ] tried to corner the world market in silver but were prevented by government intervention. [ 2 ]
Silver price history in 1960–2020 showing the Silver Thursday event in 1980 Gold price history in 1960–2020 showing the Silver Thursday event in 1980. 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 (collectively known as the Hunt ...
William Herbert Hunt (March 6, 1929 – April 9, 2024) was an American oil billionaire, who along with his brothers Nelson Bunker Hunt and Lamar Hunt [1] tried but failed to corner the world market in silver. [2] According to Forbes, as of April 2024 his net worth was estimated at US$5.3 billion. [3]
Lyda Bunker Hunt (February 19, 1925 – March 20, 1925) (Died as an infant) Nelson Bunker Hunt (February 22, 1926 – October 21, 2014), A major force in developing Libyan oil field; eventually attempted to corner the world market in silver in 1979 and was convicted of conspiring to manipulate the market; Legendary owner-breeder [ 12 ] of ...
1970s: The Hunt brothers and the silver market [ edit ] Brothers Nelson Bunker Hunt and William Herbert Hunt attempted to corner the world silver markets in the late 1970s and early 1980s, at one stage holding the rights to more than half of the world's deliverable silver. [ 6 ]
Haroldson Lafayette Hunt Jr. was born on February 17, 1889, near Ramsey, Illinois. [3] During the 1930s, he bought the title for the East Texas Oil Field for $1,000,000, and became one of the eight richest Americans until his death on November 29, 1974, with a net worth between $300–700 million.
An attempt by the three Hunt brothers to own most of the world's silver failed after Texas billionaire Nelson Bunker Hunt announced in Paris that he and four investors planned to issue bonds for sale, backed by their combined holdings of 200 million ounces of silver. [119]
In part due to the actions of the Hunt brothers (Nelson Bunker Hunt, William Herbert Hunt, and Lamar Hunt), the price for silver Good Delivery bars jumped from about $6 per troy ounce to a record high of $49.45 per troy ounce on January 18, 1980, [21] representing an increase of 724%.