{"id":14500,"date":"2021-04-03T17:32:06","date_gmt":"2021-04-03T21:32:06","guid":{"rendered":"https:\/\/www.duck9.com\/?p=14500"},"modified":"2021-04-06T17:57:52","modified_gmt":"2021-04-06T21:57:52","slug":"holders-of-gold-in-weimar-germany-lost-100-5x","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/holders-of-gold-in-weimar-germany-lost-100-5x\/","title":{"rendered":"holders of gold in Weimar Germany lost 100%, 5x"},"content":{"rendered":"<div>\n<div dir=\"ltr\">Luke Gromen agrees. &nbsp;<\/div>\n<div dir=\"ltr\">As Dan Oliver at Myrmikan Capital has pointed out, levered holders of gold in Weimar Germany from 1919-23 would\u00e2\u20ac\u2122ve lost 100% of their money 5x in under 5 yrs, even as the currency ultimately hyperinflated to zero.<\/p>\n<div dir=\"ltr\">\n<div dir=\"ltr\">\n<div dir=\"ltr\">\n<table cellpadding=\"0\" cellspacing=\"0\" border=\"0\" style=\"border: 1px solid #ccd6dd; border-radius: 12px\" width=\"500\" bgcolor=\"#ffffff\">\n<tbody>\n<tr>\n<td colspan=\"3\" style=\"font-size: 0px; line-height: 0px\" height=\"12\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"18\" style=\"font-size: 0px; line-height: 0px; min-width: 18px\">&nbsp;<\/td>\n<td>\n<table cellpadding=\"0\" cellspacing=\"0\" border=\"0\" width=\"464\" align=\"left\">\n<tbody>\n<tr valign=\"top\">\n<td width=\"48\" valign=\"top\"><a href=\"https:\/\/twitter.com\/lukegromen?s=11\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/profile_images\/1324915316359639040\/CHzzcMuI_normal.jpg\" style=\"border-radius: 50%; padding: 0px\" height=\"48\" width=\"48\" data-unique-identifier=\"\"><\/a><\/td>\n<td width=\"8\" style=\"font-size: 0px; line-height: 0px; min-width: 8px\"><img decoding=\"async\" src=\"https:\/\/ea.twimg.com\/email\/self_serve\/media\/spacer.png\" width=\"8\" data-unique-identifier=\"\"><\/td>\n<td valign=\"middle\" width=\"388\" style=\"min-width: 388px\">\n<table cellpadding=\"0\" cellspacing=\"0\" border=\"0\" align=\"left\" width=\"388\">\n<tbody>\n<tr>\n<td align=\"left\" width=\"388\"><b><a href=\"https:\/\/twitter.com\/lukegromen?s=11\" style=\"font-family: Helvetica, Arial, san-serif; font-size: 14px; line-height: 18px; color: #292c2f; text-decoration: none\">Luke Gromen<\/a><\/b><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><a href=\"https:\/\/twitter.com\/lukegromen?s=11\" style=\"font-family: Helvetica, Arial, san-serif; font-size: 14px; line-height: 18px; text-decoration: none; color: #7e8c98\">\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@LukeGromen\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<td valign=\"top\" width=\"20\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ea.twimg.com\/email\/self_serve\/media\/logo_twitter-1497383721365.png\" height=\"20\" width=\"24\" data-unique-identifier=\"\"><\/td>\n<\/tr>\n<tr>\n<td height=\"9\" colspan=\"4\" style=\"font-size: 0px; line-height: 0px\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ea.twimg.com\/self_serve\/media\/spacer_464x1-1582829598167.png\" width=\"464\" height=\"1\" data-unique-identifier=\"\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" style=\"font-family: Helvetica, Arial, san-serif; color: #292c2f; font-size: 18px; line-height: 24px; text-decoration: none\"><a href=\"https:\/\/twitter.com\/\u00e2\u20ac\u00aa@CaitlinLong_\u00e2\u20ac\u00ac\u00e2\u0081\u00a9\"><\/a><a href=\"mailto:\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@CaitlinLong_\u00e2\u20ac\u00ac\u00e2\u0081\u00a9\">\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@CaitlinLong_\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a> <a href=\"https:\/\/twitter.com\/\u00e2\u20ac\u00aa@RaoulGMI\u00e2\u20ac\u00ac\u00e2\u0081\u00a9\"><\/a><a href=\"mailto:\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@RaoulGMI\u00e2\u20ac\u00ac\u00e2\u0081\u00a9\">\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@RaoulGMI\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a> <a href=\"https:\/\/twitter.com\/\u00e2\u20ac\u00aa@LynAldenContact\u00e2\u20ac\u00ac\u00e2\u0081\u00a9\"><\/a><a href=\"mailto:\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@LynAldenContact\u00e2\u20ac\u00ac\u00e2\u0081\u00a9\">\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@LynAldenContact\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a> <a href=\"https:\/\/twitter.com\/\u00e2\u20ac\u00aa@PrestonPysh\u00e2\u20ac\u00ac\u00e2\u0081\u00a9\"><\/a><a href=\"mailto:\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@PrestonPysh\u00e2\u20ac\u00ac\u00e2\u0081\u00a9\">\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@PrestonPysh\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a> <a href=\"https:\/\/twitter.com\/\u00e2\u20ac\u00aa@100trillionUSD\u00e2\u20ac\u00ac\u00e2\u0081\u00a9\"><\/a><a href=\"mailto:\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@100trillionUSD\u00e2\u20ac\u00ac\u00e2\u0081\u00a9\">\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@100trillionUSD\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a> <a href=\"https:\/\/twitter.com\/\u00e2\u20ac\u00aa@LawrenceLepard\u00e2\u20ac\u00ac\u00e2\u0081\u00a9\"><\/a><a href=\"mailto:\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@LawrenceLepard\u00e2\u20ac\u00ac\u00e2\u0081\u00a9\">\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@LawrenceLepard\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a> <a href=\"https:\/\/twitter.com\/\u00e2\u20ac\u00aa@GeorgeSelgin\u00e2\u20ac\u00ac\u00e2\u0081\u00a9\"><\/a><a href=\"mailto:\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@GeorgeSelgin\u00e2\u20ac\u00ac\u00e2\u0081\u00a9\">\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@GeorgeSelgin\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a> Agree.  As Dan Oliver at Myrmikan Capital has pointed out, levered holders of gold in Weimar Germany from 1919-23 would\u00e2\u20ac\u2122ve lost 100% of their money 5x in under 5 yrs, even as the currency ultimately hyperinflated to zero.<\/td>\n<\/tr>\n<tr>\n<td height=\"3\" colspan=\"4\" style=\"font-size: 0px; line-height: 0px\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\"><a href=\"https:\/\/twitter.com\/lukegromen\/status\/1378403463915257861?s=11\" style=\"font-family: Helvetica, Arial, san-serif; color: #667785; font-size: 14px; line-height: 18px; text-decoration: none\">4\/3\/21, 12:46 PM<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<td width=\"18\" style=\"font-size: 0px; line-height: 0px; min-width: 18px\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" style=\"font-size: 0px; line-height: 0px\" height=\"12\">&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p><img decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2021\/04\/image0-3.jpeg\"><\/p>\n<div dir=\"ltr\"><span style=\"background-color: rgba(255, 255, 255, 0)\">Gold = <\/span>CryptoAssets<span style=\"background-color: rgba(255, 255, 255, 0)\"> = <\/span>digital<span style=\"background-color: rgba(255, 255, 255, 0)\"> <\/span>property<span style=\"background-color: rgba(255, 255, 255, 0)\"> <\/span><\/div>\n<div dir=\"ltr\"><span style=\"background-color: rgba(255, 255, 255, 0)\">Wordpr<\/span><span style=\"background-color: rgba(255, 255, 255, 0)\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2021\/04\/img_2497.jpg\" class=\"size-full wp-image-14507\" width=\"838\" height=\"698\" srcset=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2021\/04\/img_2497.jpg 838w, https:\/\/www.duck9.com\/wp-content\/uploads\/2021\/04\/img_2497-300x250.jpg 300w, https:\/\/www.duck9.com\/wp-content\/uploads\/2021\/04\/img_2497-768x640.jpg 768w\" sizes=\"auto, (max-width: 838px) 100vw, 838px\" \/><\/span><span style=\"background-color: rgba(255, 255, 255, 0)\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2021\/04\/img_2483.jpg\" class=\"size-full wp-image-14508\" width=\"880\" height=\"480\" srcset=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2021\/04\/img_2483.jpg 880w, https:\/\/www.duck9.com\/wp-content\/uploads\/2021\/04\/img_2483-300x164.jpg 300w, https:\/\/www.duck9.com\/wp-content\/uploads\/2021\/04\/img_2483-768x419.jpg 768w\" sizes=\"auto, (max-width: 880px) 100vw, 880px\" \/><\/span><span style=\"background-color: rgba(255, 255, 255, 0)\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2021\/04\/img_2467.jpg\" class=\"size-full wp-image-14509\" width=\"1280\" height=\"1280\" srcset=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2021\/04\/img_2467.jpg 1280w, https:\/\/www.duck9.com\/wp-content\/uploads\/2021\/04\/img_2467-300x300.jpg 300w, https:\/\/www.duck9.com\/wp-content\/uploads\/2021\/04\/img_2467-1024x1024.jpg 1024w, https:\/\/www.duck9.com\/wp-content\/uploads\/2021\/04\/img_2467-150x150.jpg 150w, https:\/\/www.duck9.com\/wp-content\/uploads\/2021\/04\/img_2467-768x768.jpg 768w\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\" \/><\/span><span style=\"background-color: rgba(255, 255, 255, 0)\">ess\u00e2\u20ac\u2122d from my personal iPhone, 650-283-8008,&nbsp;<\/span>that Steve Jobs texted me on<\/p>\n<div dir=\"ltr\">\n<div dir=\"ltr\">\n<div dir=\"ltr\">\n<div><span style=\"background-color: rgba(255, 255, 255, 0)\">https:\/\/www.youtube.com\/watch?v=ejeIz4EhoJ0<\/span><\/p>\n<div>\n<div>\n<div>\n<div>\n<div dir=\"ltr\"><span style=\"background-color: rgba(255, 255, 255, 0)\"><br \/>\n<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Luke Gromen agrees. &nbsp; As Dan Oliver at Myrmikan Capital has pointed out, levered holders of gold in Weimar Germany from 1919-23 would\u00e2\u20ac\u2122ve lost 100% of their money 5x in under 5 yrs, even as the currency ultimately hyperinflated to zero. &nbsp; &nbsp; Luke Gromen \u00e2\u0081\u00a6\u00e2\u20ac\u00aa@LukeGromen\u00e2\u20ac\u00ac\u00e2\u0081\u00a9 \u00e2\u0081\u00a6\u00e2\u20ac\u00aa@CaitlinLong_\u00e2\u20ac\u00ac\u00e2\u0081\u00a9 \u00e2\u0081\u00a6\u00e2\u20ac\u00aa@RaoulGMI\u00e2\u20ac\u00ac\u00e2\u0081\u00a9 \u00e2\u0081\u00a6\u00e2\u20ac\u00aa@LynAldenContact\u00e2\u20ac\u00ac\u00e2\u0081\u00a9 \u00e2\u0081\u00a6\u00e2\u20ac\u00aa@PrestonPysh\u00e2\u20ac\u00ac\u00e2\u0081\u00a9 \u00e2\u0081\u00a6\u00e2\u20ac\u00aa@100trillionUSD\u00e2\u20ac\u00ac\u00e2\u0081\u00a9 \u00e2\u0081\u00a6\u00e2\u20ac\u00aa@LawrenceLepard\u00e2\u20ac\u00ac\u00e2\u0081\u00a9 \u00e2\u0081\u00a6\u00e2\u20ac\u00aa@GeorgeSelgin\u00e2\u20ac\u00ac\u00e2\u0081\u00a9 Agree. As [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[78],"tags":[],"class_list":["post-14500","post","type-post","status-publish","format-standard","hentry","category-deep-underground-cryptocurrency-knowledge-9"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/14500","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=14500"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/14500\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=14500"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=14500"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=14500"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}