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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: fred woodall who wrote (195216)1/9/2023 8:26:00 PM
From: TobagoJack  Read Replies (1) | Respond to of 217552
 
I noted in 2005 below, and affirmed 2010 same, but now need to take into consideration the passage of time, consequential dilution, etc etc and weaponisation of gold due to WWIII

We now are at some point between 'dinner conversation' and 'drinking fountain conversation'. FYI, gold on 12th March 2005 was at $445, situated between 'cheap jewellery' and 'curiosity'.

Gold at your 3,000-sell-and-buy-what would be a 'speculation', and at the 6,000-for-any-20-troy-oz-real-estate would be 'Financial Reset #1'

As to the possibility of either / and / or <<Maybe China or Russia will ship pallets of precious metals to keep U.S. Euroland afloat. Maybe Treasury can win over Putin or Jinping with U.S. CBDC IOU's distributed from AMZN cloud.>>

... :0)))))))))))) I love dry humour!

Message 26571883




To: fred woodall who wrote (195216)1/9/2023 9:38:58 PM
From: maceng21 Recommendation

Recommended By
fred woodall

  Respond to of 217552
 
According to Stefan Zweig in 1922~1923 five ounces of gold bought a nice property in Berlin, but I think part of the problem was rent control plus the hyperinflation.

After the Weimar hyperinflation, you could purchase a mansion for only 5 ounces of gold (or about 150 ounces of silver; GSR was 1:30) : Wallstreetsilver (reddit.com)