Rudolf Havenstein was President of the Reichsbank, Germany's central bank during the hyperinflationary Weimar Republic.
This paper examines inflationory and deflationary forces and their effect on gold prices. Some of the conclusions are rather surprising, some aren't.
http://www.24hgold.com/english/news-gold-silver-havenstein-s-choice.aspx?contributor=Hyperinflation+chronicles&article=965023390G10020&redirect=False
Thursday, April 22, 2010
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