Wiemer, Germany Gold and Silver Prices 1919 - 1923
Silver 12 / Gold 170 in January 1919 to
Silver 543,750,000,000 / Gold 87,000,000,000,000 in Nov. 30, 1923.
(The numbers were taken from an article at Le Metropole Cafe a number of years ago.)
The biggest gains were in the last year of that period. The complete set of numbers can be seen at an older post in this column at Wiemar, Germany Gold and Silver Prices. The big payoffs come by buying the beginning of any bull market and riding it all the way to the very end. The period near the end provides the biggest percentage gains. This works for all bull markets in all parts of the world since markets are made of humans and human nature has not changed in thousands of years.
If you do buy the beginning and ride it all the way to the end, you will beat about 90-95% of "professional" "money" managers, since they are humans also. The "professionals" can not, will not, or have a problem going against the crowd at the beginning of bull markets. Plus they simply do not understand Austrian economics, and the difference between money, currencies and tokens. Thus, "professionals" are easy to beat if you can go against the crowd. Heck, the Amex's HUI index of gold and silver shares are up up about 800% in about 7 years.
Will all the "professionals" out there that are up about 800% in about 7 years please stand up to be counted?
[Bernanke] "and Greenspan together will probably bring [about] the end of the Federal Reserve," - Jim Rogers - Rogers first made a name for himself with The Quantum Fund, a hedge fund that’s often described as the first real global investment fund, which he and partner George Soros founded in 1970. Over the next decade, Quantum gained 4,200%, while the Standard & Poor’s 500 Index climbed about 50%.
The US is in worse fundamental economic / financial shape than it was before 1930, the start of the Great Depression. Since it looks like the US Treasury and the Fed are going to do more of what caused the problem to delay the results of the problem, only making the final results worse, here is some food for thought:
Closing the Collapse Gap
New "money" pump being built for the Fed:
"It'll work. It has to work. WE WANT IT TO WORK!" - a government financial official in Atlas Shrugged.
It is going to be interesting to see how close to Wiemer, Germany hyperinflation the US Treasury and the Fed get.