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In The Media

holders of gold in Weimar Germany lost 100%, 5x

by Larry Chiang on April 3, 2021

Luke Gromen agrees.  
As Dan Oliver at Myrmikan Capital has pointed out, levered holders of gold in Weimar Germany from 1919-23 would’ve lost 100% of their money 5x in under 5 yrs, even as the currency ultimately hyperinflated to zero.

 
 
Luke Gromen
⁦‪@LukeGromen‬⁩
⁦‪@CaitlinLong_‬⁩ ⁦‪@RaoulGMI‬⁩ ⁦‪@LynAldenContact‬⁩ ⁦‪@PrestonPysh‬⁩ ⁦‪@100trillionUSD‬⁩ ⁦‪@LawrenceLepard‬⁩ ⁦‪@GeorgeSelgin‬⁩ Agree. As Dan Oliver at Myrmikan Capital has pointed out, levered holders of gold in Weimar Germany from 1919-23 would’ve lost 100% of their money 5x in under 5 yrs, even as the currency ultimately hyperinflated to zero.
 
4/3/21, 12:46 PM
 
 

Gold = CryptoAssets = digital property
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