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Gold Price chart showing big drop before rise during Weimar hyperinflationary event

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Bill Downey
Gold Trends
Published : December 17th, 2014
296 words - Reading time : 0 - 1 minutes
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Category : Market Analysis

The coming events we have been discussing for a major global deflationary collapse are fast forming. While many thought that Russia and all its hard assets was going to crush the USA with all its paper have been 100% wrong (so far). The USA turn is coming.

The Russian currency and stock market plunged, and interest rates were lifted to an unprecedented 17% on Tuesday, but it did nothing. The collapse of the Russian currency on Wednesday was so big that the Foreign Exchange markets have suspended trading with the US dollar.

The bottom line here is that Russia enters Wednesday without the ability to borrow in the credit markets. The danger of course is that the contagion is spreading to other markets and the “real” bubble that is going to crush the global system when it pops is the BOND MARKETS of the world. When they go, it’s going to be an entire life change because everything is going to go with it.

It is only once the collapse takes place that gold is going to have its time. The one example I’ll leave you with tonight is the much hyped HYPERINFLATIONARY WEIMAR republic. The chart below is gold performance during the Weimar event.

24hGold - Gold Price chart sho...

As you can see by the chart above, Gold collapsed before it exploded. I suspect that is what is going on here and now. There is one more point to consider. Perhaps the chart above is not showing the 1180 gold bottom. Perhaps it was the 1520 bottom and the big drop on the chart is gold now approaching a bottom and getting ready to turn. While we don’t know for sure, we do know that odds heavily favor a big move coming in the future on the upside for gold.


Data and Statistics for these countries : Russia | All
Gold and Silver Prices for these countries : Russia | All
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Bill Downey is the editor of www.GoldTrends.net where he monitors the price patterns on an hourly, daily, weekly and monthly basis. He offers commentary on what it all means along with support and resistance levels along the way in advance of each day's trade. If you would like to join for 30 days he offers a free trial. Visit his website home page for details.
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user4779   12/17/2014 at 11:18 AM GMT
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The article ludicrously misinterprets the chart. What the chart shows is the market price of German Aktien, namely shares in British or stocks in American English, in terms of gold, during the hyperinflationary period of Germany in the early 1920s. Measured in terms of real money (i.e. gold), German shares did become very cheap during that period, and then recovered sharply, as shown by the chart. The chart has nothing to do with the "price" of gold in any currency.
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The article ludicrously misinterprets the chart. What the chart shows is the market price of German Aktien, namely shares in British or stocks in American English, in terms of gold, during the hyperinflationary period of Germany in the early 1920s. Measu  Read more
user4779 - 12/17/2014 at 11:18 AM GMT
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