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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: E. Charters who wrote (64958)	4/28/2009 3:10:28 AM
From: marcos	Read Replies (1) of 78409

No they were payable only in gold ... in 'gold marks', which was the fixing of the mark to gold pre-war, if memory serves, so effectively in a fixed amount of gold ... here was the original sum, from jan1921 - 'set at 269 billion gold marks (2,790 gold marks equalled 1 kilogram of pure gold)' ... rough figuring, just under 100m kilos, approx 3 billion ounces en.wikipedia.org There is a lot more to the story than what's on that page, both to effects within the country, and on how decisions were reached at Versailles ... had Wilson stuck to his guns in re the Fourteen Points, there would have been a different history to read today It all started when Bonaparte demanded reparations from the prussians over a century before, that's mentioned on the page ... and, surprise, they're still paying, at least paying one party - 'Germany will finish paying off the Americans in 2010[7] and the rest in 2020.[8]' ... not in gold though, these were loans made to buy gold way back when

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