Wednesday, October 08, 2008

Der Volk Remember

People laugh in the US at the notion of hording. Generations in Germany grew up hearing about long periods of war and the privation before and after. One of these periods was the hyper inflationary crisis of 1923. Having a little something stashed away, a little food, a little wine or even more than a little, made a difference.

Well, things have been better in Germany, these last decades. They have a little more to stash away. One of the things they are looking to stash is gold, coins, ingots and bars. Precious metals dealers in Germany report unprecedented demand. They have exhausted all available stocks and have taken orders for all they can reasonably promise in the next few months. They have quit taking orders and shut down, for now.

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