30 Fiat currency vs Hard currency Year 1919: 1oz gold = 170 Marks Year 1923: 1oz gold = 87,000,000,000,000 Marks Choose wisely #Gold #Silver #Cardano #Bitcoin (nitter.nl) posted 1 year ago by CoolAsACucumber 1 year ago by CoolAsACucumber +30 / -0 T ? ?? (@TeongH_SR) Fiat currency vs Hard currencyYear 1919: 1oz gold = 170 Marks Year 1923:1oz gold = 87,000,000,000,000 MarksChoose wisely#Gold#Silver#Bitcoin 25 comments share 25 comments share save hide report block hide replies
Food would be relatively the same value when compared to gold, but land and the German mark would lose value tremendously.
If gold went to 87 bazillion marks, how much bread could your salary buy? How are people in venezuela today using metals such as fragments of gold necklaces and such to buy fiat to then buy bread?