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This is like Weimar Republic hyperinflation of ear

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Post# of 36729
Posted On: 03/28/2014 2:54:22 PM
Posted By: bellsandwhistles
Re: AmericanSavage #29558
This is like Weimar Republic hyperinflation of early 1920's when it cost billions of Deutschmarks to buy a loaf of bread, and you better get their fast for the bargain because tomorrow that loaf might cost double. Between 1919 and 1923, the cost of a troy ounce of gold rose from 170 D-marks to 87 trillion D-marks. For those lucky enough to have gold, it was a bonanza. It's said that a few ounces of gold could buy up one entire city block of Berlin in 1923 at the peak of hyperinflation.

This chart makes the case for owning gold as 10% of your assets. History repeats itself and so does inflation.

Hyperinflation: Weimar Republic (Germany) January 1919 to November 1923
German Marks (Deutschmarks) needed to by an ounce of silver or gold

Jan. 1919

Silver 12 D-marks
Gold 170 D-marks

May. 1919
Silver 17
Gold 267

Sept. 1919
Silver 31
Gold 499

Jan. 1920
Silver 84
Gold 1,340

May 1920
Silver 60
Gold 966

Sept. 1921
Silver 80
Gold 2,175

Jan. 1922
Silver 249
Gold 3,976

May. 1922
Silver 375
Gold 6,012

Sept. 1922
Silver 1899
Gold 30,381

Jan. 1923
Silver 23,277
Gold 372,447

May. 1923
Silver 44,397
Gold 710,355

June 5, 1923
Silver 80,953
Gold 1,295,256

July 3, 1923
Silver 207,239
Gold 3,315,831

Aug. 7, 1923
Silver 4,273,874
Gold 68,382,000

Sept. 4, 1923
Silver 16,839,937
Gold 269,429,000

Oct. 2, 1923
Silver 414,484,000
Gold 6,631,749,000

Oct. 9, 1923
Silver 1,554,309,000
Gold 24,868,950,000

Oct. 16, 1923
Silver 5,319,567,000
Gold 84,969,072,000

Oct. 23, 1923
Silver 7,253,460,000
Gold 1,160,552,662,000

Oct. 30, 1923
Silver 8,419,200,000
Gold 1,347,070,000,000

Nov. 5, 1923
Silver 54,375,000,000
Gold 8,700,000,000,000

Nov. 13, 1923
Silver 108,750,000,000
Gold 17,400,000,000,000

Nov. 30, 1923
Silver 543,750,000,000 D-marks
Gold 87,000,000,000,000 D-marks



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