From this we can see a few things. Stock markets, as a sort of hard asset, did provide some element of escape from the depreciation of the currency. But, unless you like a 97% decline, not so much of a safehaven as we might like. We can admit that, during the 1920s after the mark was returned to gold, markets regained much of their decline. So, "in the long term," there was a much more substantial recovery of real value.
Obviously, the very best outcome was enjoyed by those who got into gold or dollars in 1918, and back into German stocks when they were supercheap in 1922.
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