Trillion Dollar Gold? - lessons from the Weimar hyperinflation

How does it feel to live through a hyperinflation? Although dozens of cases have been documented throughout history, for the average person it is still very difficult to imagine. Due to the collapse of the currency, prices of everyday goods are rising relentlessly. Workers spend their salaries as quickly as possible. Shopkeepers are forced to update their prices on a daily basis. People are reduced to poverty, as the value of their savings melts away like ice on a sunny day. The human suffering is immense. If you wish to understand what it feels like, there is one chart that illustrates it perfectly. It describes the price of gold, during the hyperinflation in Weimar Germany. As you will see, there are many similarities between the situation back then, and what we’re seeing today.

This is an excerpt from an interview with ‪Mountain Bullion‬ and ‪GGbullion‬.
Watch the full show here: https://youtu.be/Ct7NsCs2Tzo?si=NMwKW01vqMVWVolk

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Music: Michael Kobrin - The Introvert
https://youtu.be/UufcCic_lQQ?si=0XFtuNofq-dEGmq7

#gold #Germany #Weimar #hyperinflation #worldwar1 #finance