Ounce Gold
Ounce Gold
Some pretty strange things have happened throughout history. In one bizarre instance, a single American dollar was actually worth 4.2 trillion German marks. It’s true. To fund its mega-expensive World War I effort, Germany severed the tie between its mark and gold, something that’s happened over the course of every government-generated currency. Today there are no gold-backed currencies in the world.
After 1914 in Germany, the mark became just another fancy piece of worthless paper. No longer tied to gold, there were no longer any limitations on how many marks could be printed. But no worries, either – the patriotic German populace somehow believed everything would work out fine as long as Germany won the war. Because the winners of wars, everybody knew, always dictated the terms of surrender, including – and especially – the economic terms.
The trouble was:
GERMANY LOST THE WAR
By the end of the war in 1918, Germany was a mess. The Treaty of Versailles imposed steep war reparations, and that did nothing to strengthen a German Reichmark no longer backed by gold…or anything else for that matter.
Confidence in the mark continued to nosedive, especially under a deluge of post-war government spending in many new social programs (sound familiar?). But Germany couldn’t spend its way back to normal – neither can any country – and confidence in the post-war currency continued to plummet.
By 1922, just four years after the war, Germany’s serious inflation had turned into a full-grown hyperinflation monster.
VICIOUS CIRCLE
That’s what hyperinflation is.
The faster the government prints its money, the faster business raises its prices. Round and round the whole thing goes, in one miserable cycle, never quite catching itself.
During a hyperinflation, even the printing of the currency becomes a challenge. In post-war Germany, it took 300 paper mills to make paper for the inflated mark. And 150 printers with 2,000 presses running 24/7 to turn out the marks. It got so ridiculous, in fact, that the German government actually tried to print a quintillion (a million trillion) marks in one remarkable day.
On the world economic stage, exchange rates for the mark understandably plunged. Prior to the hyperinflation, the gold-backed dollar (yes, our dollar was once backed by gold) was worth eight marks in a reasonable 1-8 ratio.
That soon changed. After the war, just one of our gold-backed dollars was worth – ready for this? – 4.2 trillion marks. That’s right…a 1-to-4.2 trillion exchange rate existed between our currencies.
Even our lowly copper penny was worth 42 billion marks. Yikes.
Think a $1,000 bill is a lot? Try a 100 trillion-mark bill. The Germans had to carry those kinds of comical bills around.
But absurd denominations like that were actually necessary. That’s because retail prices were just as absurd. What was even more absurd, however, were the politicians and economists who argued that there was no inflation in Germany.
One professor wrote, “In proportion to the need, less money circulates in Germany now than before the war.” That was said straight-faced, despite an official inflation rate of about 325,000,000%.
THIS TIME AN OUNCE OF GOLD COULD BE WORTH 2.3 TRILLION
People eating at restaurants would watch the prices of the food they were eating rise even as they ate. One maid was tipped a dollar by a visiting American, then met with her family to figure out how to invest this relative fortune.
“The ones who fared best were the small minority who had the foresight to exchange marks into foreign money or gold very early,” reported Scientific Market Analysis.
Could our once-mighty dollar suffer the hyperinflation humiliation of the German mark? Could an ounce of gold be worth millions, billions, even trillions in world currencies?
Could gold be the last money standing?
Stranger things have happened, and if that were to happen here, investor timing would be key. Once the weakness of the dollar was understood, it may be too late to exchange paper for gold…or anything else of value, for that matter.
Kevin DeMeritt, President of Lear Capital, is a published author, analyst and expert guest on more than 1000 radio programs, including Rush Limbaugh and Coast to Coast with George Noory, discussing today’s economy, gold and the geopolitical picture. Now more than ever, his insights are welcome by nervous investors. Visit http://www.LearCapital.com for all the investing help you need.
Mark Dice tries to sell $1100 one ounce gold coin for $50; no takers.
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100 1oz U.S. GOLD EAGLES 100 troy ounces Brilliant Uncirculated BU gold bullion $174,999.00 |
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100 Gem BU 1oz GOLD CANADIAN MAPLE LEAF Brilliant Uncirculated bullion coins $173,599.00 |
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SUPER SALE – HUGE 38 OUNCE GOLD NUGGET – MUSEUM GRADE – bullion-nuggets $101,200.00 |
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50 oz PERTHMINT SOLID GOLD BAR 99.99% PURE GOLD BULLION $95,483.52 |
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50 oz PERTHMINT SOLID GOLD BAR 99.99% PURE GOLD BULLION $93,560.04 |
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WIZARD OF OZ 24-KARAT GOLD SCULPTURE PROTOTYPE! $79,999.95 |
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SOLID GOLD DALI SCULPTURE 8.7 TROY OUNCE MUSEUM PIECE $77,000.00 |
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2011 rectangle lunar 5oz gold coin -rabbit $66,800.00 |
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Massive 10 Ounce 24k Gold 28 Inch Necklace $65,000.00 |
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China 1987 12 oz God of Longevity Gold Proof Medal. Mintage is only 200! Wow!! $64,900.00 |
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2010 rectangle lunar 5oz gold coin – tiger $63,800.00 |
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US 90% Silver coin $900. Face Value. Estate Sale. Var yrs/denom & 5oz GOLD coins $54,864.03 |
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1993-2004 1/2oz lunar animal flower-shaped gold coins $54,800.00 |
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1999 5oz rectangular gold coin—50th anni of PRC $49,500.00 |
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2000 GOLD PANDA 100Y Yuan PROOF-LIKE 1 Oz CHINA NGC GRADING ERROR MS69 or PF69 ? $45,000.00 |
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2005 5oz color gold coin—Pilgrimage to the West #3 NGC PF 69 $42,800.00 |
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2000-2011 1/2oz lunar animal fan-shape gold coins $35,800.00 |
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20 1oz GOLD U.S. BUFFALO sealed Gem Uncirculated coins 2011 Original Mint Sheet $35,499.00 |
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20 1 oz ounce $50 GOLD AMERICAN EAGLES Brilliant Uncirculated gem bullion coins $35,299.00 |
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Huge 14k Gold & Diamond Lion Ring 8 Ct. Diamonds and 5 Ounces of Gold $35,000.00 |
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2000 1.9oz gold panda coin set-1,1/2,1/4,1/10,1/20oz mirror face mint sealed $34,900.00 |
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20 – 2012 1oz. AMERICAN GOLD BUFFALO – 1 FULL SEALED MINT SHEET OF 20 $34,631.89 |
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20 – 2012 1oz. AMERICAN GOLD EAGLE COINS – FULL U.S MINT TUBE $34,599.46 |
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20 “2012″ 1oz. CANADIAN MAPLE LEAF GOLD BULLION COINS $34,226.53 |
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17 Oz 24kt Pure .9999 Gold $50 American Buffalo PCGS MS69 First Strike 2006-2009 $32,725.00 |
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1989 China 5 Oz 999 Gold Goddess of Kuan Yin Chinese Medal Ultra Rare w/Box+COA $30,999.00 |
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BOVET SPORTSTER SAGUARO 46MM 18k SOLID PINK GOLD 227 GRAMS 8 OUNCES LIMITED MINT $30,500.00 |
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2012 AUSTRALIAN OLYMPIC TEAM 2OZ GOLD PROOF COIN LIMITED MINTAGE OF 30 EX RARE $29,591.01 |
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PAMP Suisse, Lady Fortuna, 10 Ounce, .9999 Gold Bar $27,000.00 |
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CHINA – 1988 – 12oz. .999 GOLD PANDA – COA # 0010!!! $26,888.88 |
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2012 AUSTRALIAN TEN OUNCE LUNAR II .9999 GOLD DRAGON RARE!!!!! NGC MS70 POP 1 $25,000.00 |
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China 1995 2 x 1 oz Gold Sino-Japan War Set w/ coa $25,000.00 |
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2011 World heritage 5oz gold coin -the historical monuments of Dengfeng $24,500.00 |
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1986 NGC PF66 Ultra Cameo 12 oz .999 Gold China Panda 1000Y $23,990.00 |
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China 1988 5oz gold Coin Lunar animal dragon $23,800.00 |
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2012P Australia Gold 10 oz $1000 Year of Dragon Coin NGC MS70 10oz Perfection $23,500.00 |
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1990 CHINA 20Y+200Y 2OZ SILVER+GOLD DRAGON PHOENIX NGC-PF68UC $22,899.99 |
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11 Oz 24kt Pure .9999 Gold $50 American Buffalo NGC MS70 First Strike 2006-2010 $22,766.75 |
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10x 1 OUNCE ORIANA PERTHMINT BARS 99.99% PURE GOLD BULLION IN CERTICARD $22,637.88 |
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10x 1 OUNCE ORIANA PERTHMINT BARS 99.99% PURE GOLD BULLION IN CERTICARD $22,341.96 |
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New arrival 2011 rectangle 5oz gold coin-Outlaws of the Marsh #3 $21,980.00 |
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1985 Isle Of Man 10 Oz Proof Gold ANGEL Mintage 68 NGC PF 66 ULTRA CAMEO*L@@@K* $21,600.00 |
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10 X 2012 QE2 1OZ GOLD BRITANNIA BU COIN $21,331.55 |
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10 X 2011 1oz Turkish Angora Cat Coins 999.9 Gold $20,925.00 |
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10 X 2012 QE2 1OZ GOLD BRITANNIA BU COINS $20,925.00 |
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10 X 2011 QE2 1OZ GOLD BRITANNIA BU COINS $20,925.00 |
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New 2012 5oz colour gold coin –lunar animal Dragon $20,800.00 |
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Lot of 100 1999 BU $5 US GOLD EAGLES 1/10 oz Gem Uncirculated bullion coins $20,149.00 |
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China 1993 1 oz Gold Sun Yat-Sen PCGS PR65 DCAM $20,000.00 |
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$100 Union 1876 Five ounce 999 Gold Ultra Cameo NGC GEM Proof struck 2010 RARE $19,999.99 |
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2012 HM QUEEN ELIZABETH II – DIAMOND JUBILEE 2oz GOLD PROOF COIN S/OUT NEW RELE $19,727.01 |
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10 oz Troy Ounces Assayed Pamp Suisse .9999 Gold Bar Ingot Coin Bullion Credit ! $19,000.00 |
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10 oz Troy Ounces Assayed Pamp Suisse .9999 Gold Bar Ingot Coin Bullion Credit ! $19,000.00 |
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10 oz Troy Ounces Assayed Pamp Suisse .9999 Gold Bar Ingot Coin Bullion Credit ! $19,000.00 |
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10 oz Troy Ounces Assayed Pamp Suisse .9999 Gold Bar Ingot Coin Bullion Credit ! $19,000.00 |
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1988 1 oz Gold Panda – 1st Hong Kong Coin Expo – NGC PF69UC – Year of the DRAGON $18,888.88 |
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Lot of 10 2010 American Eagle $50 Gold Bullion Coins NGC MS69 Early Releases 1oz $18,750.00 |
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10 Ounce American Eagle Gold Proof Collection 1 Oz $50 Coins 1990-1995 w/Box COA $18,477.50 |
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Lot of 5 Rare All GEM UNC WTC Recovery World Coins Gold 1 OZ. AUS,AUST,US,CA,ZA $18,300.00 |
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Ten 1oz Gold 1985 CHINESE PANDA 100 YUAN pure 24 KT karat china asia asian coins $18,199.00 |
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1 KILO 32.15 Troy Ounce Gold Bar – Johnson Matthey – No Reserve!!!! $18,100.00 |
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10 SEALED GEM UNCIRCULATED 2008 1oz GOLD U.S. BUFFALO COINS ORIGINAL MINT SHEET $17,949.00 |
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10 SEALED GEM UNCIRCULATED 2010 1oz GOLD U.S. BUFFALOS $17,749.00 |
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Sheet of 10 2009 1oz $50 GOLD BUFFALO bullion coins BU mint sealed Brilliant Unc $17,749.00 |
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China 1995 1 oz Gold Proof Panda 100 Yuan NGC PF69 UC $17,500.00 |
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ROLL OF TEN 2012 1oz OUNCE CANADIAN GOLD MAPLE LEAF .9999 FINE $17,499.00 |
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Lot of 10 Austrian 1oz Gold coins 1998 Philharmonic BU $17,489.00 |
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TEN – 2012 1oz. AMERICAN GOLD BUFFALO SEALED BY THE MINT $17,359.69 |
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10 – 2012 AMERICAN GOLD EAGLE 1OZ BULLION $50 COINS $17,353.67 |
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10 Gold 24K 2012 American buffalo 1 Troy oz Bullion Coins $17,316.00 |
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10 Gold 1 oz. 2012 American Eagle Uncirculated Coins One Troy Ounce bullion $17,316.00 |
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10 1 oz Gold KRUGERRAND South Africa Gem BU Brilliant Uncirculated bullion coins $17,299.00 |
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10 – 1oz. SOUTH AFRICAN GOLD KRUGERRAND BULLION COINS $17,120.89 |
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10 – “2012″ 1oz Canadian Maple Leaf $50 Gold Bullion – Brand New Coins $17,111.38 |
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10 – Gold 1 oz. 2012 Canadian Maple Leaf Coins .9999 fine gold – Gold Maple Leaf $17,100.00 |
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10 – 1 oz. Pamp Suisse Gold Bars – 99.99% Pure Gold Bullion $17,082.26 |
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1995 PANDA PROOF 1 OUNCE GOLD PF 69 $17,000.00 |
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China 1993 100 Yuan Gold 1 oz Proof Peacock ** NGC PF68UC ** $16,995.00 |
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10 – 1oz. GOLD BARS FROM THE AUSTRALIAN PERTH MINT $16,994.18 |
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2012 5oz gold coin-30th anni of the issuance of Chinese panda gold coin $16,800.00 |
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Sale Paydirt..guaranteed 12 oz GOLD NUGGETS AND PICKERS BELOW SPOT PRICE $16,495.09 |
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Complete Set of (10) 1 & 1/2 Oz American Arts Gold Coin-Medals, 1980’s US Mint $16,495.00 |
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2008 NGC Graded PR70 Very Rare Giant Chinese Panda FIVE Ounces .999 Fine GOLD $16,000.00 |
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SOLID 18K PERUVIAN GOLD BRACELET 2.5 OZ $15,995.00 |
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BERMUDA TRIANGLE – 2006 – 5oz. .999 GOLD PROOF, RARE!!! $15,975.00 |
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American Weigh Signature Series Black Digital Pocket Scale, 1000 by 0.1 grams $6.99 Product FeaturesDurable and compact digital pocket scale for easy portabilityWeighs items up to 1000 grams in 0.1 gram incrementsEasy-to-read, backlit LCD display; intuitive, flip-open lid protects the smooth, stainless-steel weighing surfacePowered by 2 AAA batteries, a set of which comes includedBacked by a 10-year warranty Amazon.com Product DescriptionFor anyone needing to take a dependable sc… |
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Cuisinart DCC-1200 Brew Central 12-Cup Programmable Coffeemaker $165.00 A striking blend of retro style and modern technology. Programmable for brewing up to 24 hours in advance. Setting for 1 to 4 cups ensures full-bodied flavor and aroma. BrewPause™ feature lets you enjoy a cup before brewing is finished. Adjustable heater plate setting keeps coffee at the temperature you prefer. Audible “ready” signal. Automatic shutoff. Includes Gold Tone metal filter, #4 pap… |
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American Weigh Black Blade Digital Pocket Scale, 1000 by 0.1 G $6.99 Product FeaturesHandy digital pocket scale includes a retractable backlit display, making the most of space-saving efficiencyWeighs up to 1000 grams in 0.1 gram increments; easy to use with a 3-key operationComes bundled with 2 sizes of expansion trays, including extra-largeIncluded carrying pouch holds everything, so taking it on the go is easyCovered by a 10-year warranty; powered by 2 AAA batte… |
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Whirlpool 4396808 Ice Machine Cleaner 16-Ounce $12.48 Icemaker Cleaner Whirlpool 4396808 Certified for All Brands Including: Whirlpool, KitchenAid, Maytag, Amana & Estate Nickel-Safe Formula Ideal for All Free Standing Ice Machines Easy-to-use directions 16 fl. oz. Safely removes mineral build-up… |
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Krylon K09033000 Looking Glass Mirror-Like Aerosol Spray Paint, 6-Ounce $9.59 Transform clear glass into a mirror with this easy-to-use spray paint. Just spray it on the reverse side of the glass for a sleek mirror effect. Can be used on just about any clear glass object including vases, tabletops, jars, planters, and picture frames. This package contains (1) 6 ounce aerosol can of spray paint. DANGER! Extremely Flammable. Vapors may cause flash fires. Contents under pressu… |
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Lava Lite 5225 16.3-Inch Silver Base Lava Lamp, Yellow/Purple $21.47 Perfect for relaxing, decorating, or lighting up a party, the iconic Lava Lite 16.3-Inch Royal Lava Lamp features a sleek chrome base and cap, purple liquid, and yellow wax that shifts and floats in a mesmerizing dance. Made by the original lava lamp designer, this legendary motion lamp will add retro-chic style to any room.Royal Lava LampAt a Glance:Everyone’s favorite retro lighting from the ori… |
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Judgment Day $1.99 … |
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70 Oz of Pure Gold $8.80 … |
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70 Ounces of Gold: Golden Hits (70 Minutes of Music) $11.98 CD… |
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70 Oz of Rock Gold $9.95 … |
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Nature’s Way Coconut Oil-extra Virgin … |
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Millenium Tanning New Paint It Black Auto-darkening Dark Tanning Lotion, 50X, 13.5 Ounce $11.59 NEW Unique Auto-Darkening Tan Technology delivers extreme dark bronze tanning results through its super luxurious silicone emulsion blend. Experience stunning dark tan color and ultra moisturization that lasts all day. Accelerating, Bronzing, Skin Firming, Silicone Emulsion Fragrance: Fresh and Clean Cotton Blossom. Suitable for all ages as this product does not contain a tingle!!!… |
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Sundesa Blenderbottle with Blenderball Blender Bottle Blender Bottle Black 20 Oz Misc. Non Foods at HerbsCity store…. |
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3 PACK FOUR PAW COLOGNE GOLD, Size: 3 OUNCES $39.56 The delightful scent of four paws gold cologne will last for days and can be used in between baths to freshen up pets.Ingredients: Ethyl Alcohol Sea-40 Deionized Water Fragrance Isobutane/Propane(Size: 3 OUNCES)… |
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3 PACK DR.GOLDS ITCH RELIEF, Size: 8 OUNCES Soothes inflammation and skin irritations. Preventlicking and further irritation. Speeds relief frompain and itching. For dogs, cats and small animals. 4 oz/ speeds relief from pain and itching.Ingredients: Hydrocortisone/ Lidocaine/Also Contains Fooey(Size: 8 OUNCES)… |
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Haribo Gummi Candy Gold-Bears, 5-Pound Bag $11.00 Gummy Bears are perfect for many events and people. The gummi bears are cute and fun…. |
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Nature’s Way Organic Coconut Oil … |
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Nong Shim Shin Noodle Ramyun, Gourmet Spicy Picante, 4.2-Ounce Packages (Pack of 20) … |
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Fruit of the Loom 5.4 oz.Cotton T-Shirt Fruit of the Loom Adult 100% Cotton Short Sleeve T-Shirt. Classic, weight 5.6 ounce 18/1 cotton T-shirt. The industry standard. Seamless rib collar, shoulder-to-shoulder taping, double needle sleeve and bottom hem…. |
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Mehron Fantasy F/X Tube Make Up 1 Ounce $3.69 Perfect for Sporting Events, Kids Parties, Halloween NON ALERGENIC Mehron’s superior quality, highly pigmented, squeeze tube makeup achieves a brand loyalty unsurpassed among consumers for Halloween, sporting events, and year-round face painting. Available in 25 colors including colors you won’t find anywhere else!… |
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