Sunday, July 14, 2013

Hyperinflation, Soaring Food Costs – Will Gold & Silver Save You?

Hyperinflation, Soaring Food Costs – Will Gold & Silver Save You?
Hyperinflation is an all consuming event that strips away virtually every thread of society. During such events food prices skyrocket. The chances of you having enough money to buy food for your family will be slim. Physical gold and silver act as hard currency to protect assets and purchasing power. Everyone can own them without prior investment knowledge. Holding these assets during times of an economic crisis allows you real money for making transactions, as they’ll be but a few, of the last things of true value left standing.

After WWI the German economy was left eroding as it suffered from massive debt, created by high war costs to fight the war. As the years after WWI continued, Germany's economy steadily got worse. The rapid rise in food costs were among the first things citizens of Weimar experienced. In November 1923 hyperinflation peaked, food costs went absolutely out of control. During its peak, food prices skyrocketed…

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