GOLD 0.51% $1,391.7 gold futures

LighthouseI dont have production of gold for Germany but I do...

  1. cya
    3,836 Posts.
    Lighthouse

    I dont have production of gold for Germany but I do have shipments globally internationally, what the reports reveal is the massive hoarding of gold by the US through the 20s and 30s, chiefly because of gold debt to the US from Europe after WW1.

    America Hoard half the worlds gold

    This had many countries in hyperinflation as lack of gold forced them to adopt fiat currency systems

    Photobucket

    Under a gold standard an impoverished country with no gold and therefore no credit system domestically is liable to head the way of revolution. In 1923 the British suffered severe deflation because of the large gold based debt and depleted gold reserves.



 
watchlist Created with Sketch. Add GOLD (COMEX) to my watchlist
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.