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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: IngotWeTrust who wrote (2785)	12/1/2007 7:30:49 PM
From: Box-By-The-Riviera™	Read Replies (1) \| Respond to of 71475

it wasn't a problem. they were exchanged one for one.

To: IngotWeTrust who wrote (2785)	12/2/2007 3:08:32 AM
From: critical_mass	Respond to of 71475

I am an American citizen and have been in Germany off and on since 1999. I did not experience "the change" firsthand so any information i have is from colleagues or friends. According to my colleagues, most of whom are easterners by birth, gold was not readily available unless you could offer hard currency in exchange during GDR times. If a couple wanted to have gold wedding rings for example, they would collect scrap gold or old pieces of jewelry to give to the jeweler as materials. Getting hard currency was a problem. Some of the technical people at the company where i am a contractor, provided technical support for a West German company in exchange for the DM ultimately used to buy the West German company's products. To answer your question, there were no commodities and gold to hoard during the currency conversion, and as far as I know, it did not happen.