Sunday, November 21, 2010

Gold & Silver and Hyperinflation



The definition of hyperinflation is 50% or more inflation per month! Hyperinflation has been the inevitable fate of all paper or fiat money unbacked by gold or silver since the Chinese first invented the idea a thousand years ago.

Hyperinflation robs the middle classes, the poor, and the retired on fixed incomes who don't own real assets like gold, silver, oil, food etc. In the picture on the left you see a German woman in 1923 using near worthless German banknotes as fuel for her cooking fire!

The only Germans who avoided starvation and impoverishment were those with the foresight to purchase and hold real money like gold and silver coins. Review the chart below and see how the prices of gold and silver climbed as the German paper mark lost value:

Weimar Germany hyperinflation prices of gold and silver in Marks from 1919 - 1923 by month. Charts are also presented to visually depict the speed and magnitude of the change. Remember these are months not years. Consider the human story behind the numbers. How did people survive?
Weimar Germany Gold & Silver Prices - Per troy ounce.
DATE
SILVER
GOLD
Jan 1919
12
170
May 1919
17
267
Sept 1919
31
499
Jan 1920
84
1,340
May 1920
60
966
Sept 1921
80
2,175
Jan 1922
249
3,976
May 1922
375
6,012
Sept 1922
1,899
30,381
Jan 1923
23,277
372,447
May 1923
44,397
710,355
June 5, 1923
80,953
1,295,256
July 3, 1923
207,239
3,315,831
Aug 7, 1923
4,273,874
68,382,000
Sept 4, 1923
16,839,937
269,429,000
Oct 2, 1923
414,484,000
6,631,749,000
Oct 9, 1923
1,554,309,000
24,868,950,000
Oct 16, 1923
5,319,567,000
84,969,072,000
Oct 23, 1923
7,253,460,000
1,160,552,662,000
Oct 30, 1923
8,419,200,000
1,347,070,000,000
Nov 5, 1923
54,375,000,000
8,700,000,000,000
Nov 13, 1923
108,750,000,000
17,400,000,000,000
Nov 30, 1923
543,750,000,000
87,000,000,000,000

So if you had 1 oz of Silver and sold it Nov 30, 1923 you would have been a Billionaire. If you had 1 oz of gold and sold it Nov 30, 1923 you would have been a trillionaire. How much that bought you is not told. But I am sure those people that had gold and silver survived better then those who didn't.

Time is running out fast! Hyperinflation seems unavoidable as fiat paper money is being printed as fast as the US presses can run. To protect your wealth and your family, buy gold and silver now from these top companies (below):

Rick
GoldSilver.com - Buy Gold & Silver

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