Gold & Silver Prices Under The Weimar Republic’s Inflation

In 1920 gold fell, then it soared!


weimar-hyperinflation

Gold/Silver Prices Under the Weimar Republic’s Inflation (Daily Paul, Dec 21, 2010):

Stole this from another article/blogger.

Quote:

“On a closing note, because I forgot last week, I would like to share with everyone just how the price of silver and gold escalated in German Mark terms, through the Weimar experience:

Hyperinflation: Wiemar, Germany January 1919 to November 1923
[Expressed in German Marks needed to by an oz. of ag. or au.]”

Jan. 1919
Silver 12
Gold 170

May. 1919
Silver 17
Gold 267

Sept. 1919
Silver 31
Gold 499

Jan. 1920
Silver 84
Gold 1,340

May 1920
Silver 60
Gold 966

Sept. 1921
Silver 80
Gold 2,175

Jan. 1922
Silver 249
Gold 3,976

May. 1922
Silver 375
Gold 6,012

Sept. 1922
Silver 1899
Gold 30,381

Jan. 1923
Silver 23,277
Gold 372,447

May. 1923
Silver 44,397
Gold 710,355

June 5, 1923
Silver 80,953
Gold 1,295,256

July 3, 1923
Silver 207,239
Gold 3,315,831

Aug. 7, 1923
Silver 4,273,874
Gold 68,382,000

Sept. 4, 1923
Silver 16,839,937
Gold 269,429,000

Oct. 2, 1923
Silver 414,484,000
Gold 6,631,749,000

Oct. 9, 1923
Silver 1,554,309,000
Gold 24,868,950,000

Oct. 16, 1923
Silver 5,319,567,000
Gold 84,969,072,000

Oct. 23, 1923
Silver 7,253,460,000
Gold 1,160,552,662,000

Oct. 30, 1923
Silver 8,419,200,000
Gold 1,347,070,000,000

Nov. 5, 1923
Silver 54,375,000,000
Gold 8,700,000,000,000

Nov. 13, 1923
Silver 108,750,000,000
Gold 17,400,000,000,000

Nov. 30, 1923
Silver 543,750,000,000
Gold 87,000,000,000,000

Hyperinflation-Weimar-Republic-1

8 thoughts on “Gold & Silver Prices Under The Weimar Republic’s Inflation”

  1. Pingback: Jim’s Mailbox
  2. What history often hides in these economic destructions is what did an ounce of silver actually buy during this period? What did an ounce of gold buy?
    I have heard through the grapevine that in Venezuela hyperinflation an ounce of silver fed you for a month and an average hone could be bought for a few ounces of gold. These details seemed to be lost to the world wind of history .

    Reply
  3. I highly recommend you read the book, “When Money Dies” by the UK Author Adam Fergusson. It tells the story of how the Weimar Hyper-Inflation affected the average citizens of Germany, Austria and Hungry. In October of 1923 Germany’s Inflation Rate hit
    29,000% for the month. Those who fail to see the relevance of history are condemned to relive it again. The exponent growth of US debt as an average is every 100 days the gov’t borrows another USD 1,000,000,000,000 Trillion dollars 1 Trillion seconds is appoximately 32,000 years. Interest on the US Debt of 34.3 Trillion is now $1,000,000,000,000 Trillion. What could possible go wrong?

    Reply
  4. the numbers from 0ct 23 1923 must be wrong. the gold : silver ratio goes from 1:16 to 1:160. So you must have added an zero to the gold price from oct 23 1923 forward. It doesn’t make sense.

    Reply

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