PDA

View Full Version : Gold Prices in Weimar Germany



JohnQPublic
14th May 2010, 12:44 PM
This shows the [unfortunate] potential of gold prices (I knowm, Book, bread will be $1 billion per loaf ;) ) . I posted this on Kitco. We'll see if it stays.

gunDriller
14th May 2010, 12:50 PM
there's none in the Europe Gold section at APMex -

http://www.apmex.com/Category/158/Gold_Coins_from_Europe_Most_Common.aspx

did they tend to get melted down, or seized ?

Book
14th May 2010, 12:59 PM
I know, Book, bread will be $1 billion per loaf


:oo--> just sayin' JQP...lol.


Such a drop in confidence also caused a crisis in Weimar Germany itself when prices started to rise to match inflation. Very quickly, things got out of control and what is known as hyperinflation set in. Prices went up quicker than people could spend their money.

In 1922, a loaf of bread cost 163 marks.

By September 1923, this figure had reached 1,500,000 marks and at the peak of hyperinflation, November 1923, a loaf of bread cost 200,000,000,000 marks.

JohnQPublic
14th May 2010, 01:03 PM
:oo--> just sayin' JQP...lol.


Such a drop in confidence also caused a crisis in Weimar Germany itself when prices started to rise to match inflation. Very quickly, things got out of control and what is known as hyperinflation set in. Prices went up quicker than people could spend their money.

In 1922, a loaf of bread cost 163 marks.

By September 1923, this figure had reached 1,500,000 marks and at the peak of hyperinflation, November 1923, a loaf of bread cost 200,000,000,000 marks.


Oh. I was talking about mid-October 1923. :morph:

Book
14th May 2010, 01:11 PM
http://upload.wikimedia.org/wikipedia/en/f/f3/Wonder_Bread.JPG

Investment...lol.

:D

JohnQPublic
14th May 2010, 01:18 PM
Some people prefer rounds! :D

Book
14th May 2010, 01:40 PM
Some people prefer rounds! :D


Available now in Mint Tubes...lol.

:D

mamboni
14th May 2010, 02:00 PM
Aside from bread and gold, David Hasselhoff is very popular in Germany. :baa

JohnQPublic
14th May 2010, 02:13 PM
Aside from bread and gold, David Hasselhoff is very popular in Germany. :baa


I like Germans, but many are pretty nihilistic.

mamboni
14th May 2010, 02:23 PM
Aside from bread and gold, David Hasselhoff is very popular in Germany. :baa


I like Germans, but many are pretty nihilistic.


Apparently JQP, you were not a devotee of Saturday Nite Live. ;D

JohnQPublic
14th May 2010, 02:28 PM
Aside from bread and gold, David Hasselhoff is very popular in Germany. :baa


I like Germans, but many are pretty nihilistic.


Apparently JQP, you were not a devotee of Saturday Nite Live. ;D


Only for Sarah Palin skits :D (and some of the older 1970s era skits).

mamboni
14th May 2010, 02:36 PM
Aside from bread and gold, David Hasselhoff is very popular in Germany. :baa


I like Germans, but many are pretty nihilistic.


Apparently JQP, you were not a devotee of Saturday Nite Live. ;D


Only for Sarah Palin skits :D (and some of the older 1970s era skits).


During the years after Phil Hartmann's demise, SNL was not funny at all IMHO. However, there was a running joke usually uttered once or twice during a broadcast that eventually became funny for being so hackneyed. One of the cast members would state, out of the blue with an authoritative tone: "David Hasselhoff is very popular in Germany." It turns out that David Hasselhoff is extremely popular in Germany and treated as a virtual demigod and icon. He's also a raging alcoholic, or so I have been told. When I told one of my employees that "David Hasselhoff is very popular in Germany" she responded with a wry smile that "everyone knows that, it's common knowledge." Life is stranger than fiction.