X @Doctor Profit 🇨🇭

$GOLD: Weimar Lesson: Paper Gold Went to Zero, Physical Gold Became PricelessPrices went exponential, meaning prices doubled in days or even hours. Banks could no longer function properly because their balance sheets were effectively destroyed. Loans they issued were repaid in worthless marks, deposits lost value instantly, and liquidity was not there at all.. At this point, paper gold claims collapsed for three reasons. First, counterparty risk: if the bank fails, your claim is worthless. Second, convertib ...