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user4779
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Gold Price chart showing big drop before rise during Weimar hyperinflationary event - Bill Downey - Commodity Trader

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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Beginning of the headline :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 suspende... Read More

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