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After the Libya fiasco they kept buying quietly often through family members or family companies and by 1974 had rights to 55 million ounces.Hunt was disappointed that the price of silver was not rising fast enough and his frustration was compounded when commodities exchanges fearful that the brothers were out to corner the market imposed limits on buying it.Hunt eventually solved both problems by working with Saudi buyers to get the price soaring in late 1979 topping out at $50 an ounce in January 1980. cheap nba 2k17 mt Hunt said later that he and his partners had controlled 200 million ounces of silver but it was a holding nba 2k17 vc account so vast that they could not sell off for fear of nba 2k17 vc driving down the price themselves.The Hunts’ downfall came on March 27 1980 later known as Silver Thursday. With the price falling the brothers faced a margin call that they could not meet and that threatened them with a loss of more than $1 billion.Silver Thursday brought havoc to various markets and there was concern that the Hunts’ fall also would bring down the banks that had been financing them.

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