Silver and gold's staggering ascent during German hyperinflation of the 1920's
New charts vividly illustrate the staggering ascent of precious metals during the period of catastrophic hyperinflation which brought Weimar Germany to its knees in the early 1920's.
Silver prices rose from 12 Deutsche Marks in January 1919, only months following the conclusion of the First World War, to the astronomical sum of 543,750,000,000 Deutsche marks by the end of 1923, while gold rose from 170 Deutsche Marks to 87,000,000,000,000 by the end of the same period.
Silver Doctors believes that the visual illustrations and historic reminders of rampant inflation's impact upon commodities prices is especially relevant at present, given the looming parallels between the travails of Weimar Germany in the twenties and the impact of repeated rounds of quantitative easing by the Federal Reserve and European Central Bank.
Charts courtesy of BullionMark