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Germany’S Best-Selling Tabloid Bild's Front Page Encourages Readers To Buy Gold

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http://www.zerohedge.com/news/germany%E2%80%99s-best-selling-tabloid-bilds-front-page-encourages-readers-buy-gold

Germany’s Best-Selling Tabloid Bild's Front Page Encourages Readers To Buy Gold

Gold has fallen today in all major currencies except the Swiss franc which has fallen on SNB intervention rumours. Gold is trading at USD 1,791.40 , EUR 1,257.10 , GBP 1,107.70, CHF 1,318.80 per ounce and 136,976.00 JPY. The yen has fallen by 8.7% against gold so far in August as the yen, while rising in dollar terms, is falling sharply in gold terms (see chart beow).

I doubt we'll see this in the Sun/Mirror.

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Countries that recently had something nasty happen to them usually have people who are savvier than Brits and therefore they will usually take precautions as they know different and how it can easily change. British people don't as they know no different.

In that Britain hasn't had a major calamity happen for a very long time WWII not withstanding (though people still ate and had jobs).

Germany of course went hyper once and had severe austerity post WWII and the reunification bankrupted them.

China, went hyper in the 50s and had famine

Etc

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Countries that recently had something nasty happen to them usually have people who are savvier than Brits and therefore they will usually take precautions as they know different and how it can easily change. British people don't as they know no different.

In that Britain hasn't had a major calamity happen for a very long time WWII not withstanding (though people still ate and had jobs).

Germany of course went hyper once and had severe austerity post WWII and the reunification bankrupted them.

China, went hyper in the 50s and had famine

Etc

+1

So far in this crisis the UK seems to have been saved from its own wickedness by the various Sugar Daddy schemes in play. Trouble is these are not free, far from it.

For every over-indebted person staying in a house they couldn't afford in today's market there is an equal and opposite saver losing out, a FTB working like a dog and selling his grandmother on eBay just to buy into the dream, or someone whose emigration plans got fukced over due to the currency trashing. The list goes on...

Gold seems to be the only real refuge from madman policies that are doomed to fail. It will be interesting to see if the UK media ever embraces Gold, I suspect not as they are too fascinated with all this BTL rubbish.

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Countries that recently had something nasty happen to them usually have people who are savvier than Brits and therefore they will usually take precautions as they know different and how it can easily change. British people don't as they know no different.

In that Britain hasn't had a major calamity happen for a very long time WWII not withstanding (though people still ate and had jobs).

Germany of course went hyper once and had severe austerity post WWII and the reunification bankrupted them.

China, went hyper in the 50s and had famine

Etc

That hyperinflation episode, even though it was 90 years ago, is still remembered by the Germans.

inflation-1923.jpg

children-playing-with-money.jpg

hyperinflation-1.jpg

Edited by Take Me Back To London!

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Americans are smart though , they make their money out of paper so when it becomes worthless you can still burn it for fuel.Aussie money is made out of polymer plastic so it is useless for that purpose.Yanks , always one step ahead of us....

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  • 337 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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