China Taojin No.1 Town

Liuduzhai Town, the first town of Nuggets in China, was once a golden town with an area of 162.8 square kilometers and a population of more than 57,000.

In the mid-1970s, gold was discovered due to the construction of Liuduzhai Reservoir, and the gold rush in Liuduzhai rose again and again for a long time. Liuduzhai has changed from a street in the past to a national key town and a key construction town in Hunan Province.

In 1980s, it was once called "Jindu", so it has the reputation of "the first nugget town in China". "At that time, the entire Chenhe River was crowded with gold diggers, and not only the riverbank was hollowed out, but even the farmland near the riverbank was not spared." Mr. Wang, a farmer from Liuduzhai Town, recalled.

In the early 1980s, the price of Liuduzhai placer gold was 8 to 10 yuan per gram, which attracted a large number of merchants from all directions to buy, and the local gold was in short supply. At that time, Liuduzhai was called "Jindu" by many foreigners. Later, a local gold boss also built the most luxurious hotel in the area and named it "Jindu". After paying the price of digging rivers indiscriminately and destroying farmland, Liuduzhai got a group of bosses who started as gold diggers.

In Liuduzhai Town, even people with assets over one million are not the richest people in this local town. According to local people, Liuduzhai has several gold owners with assets of several hundred million, dozens of tens of millions and hundreds of millions. There are gold diggers everywhere. Now, Liuduzhai has no gold to dig, and gold diggers are scattered in the corners of gold production at home and abroad.