Weimar Hyperinflation vs. US Dollar

German Children Playing with Worthless Paper Reichsmarks

During the Weimar Germany hyperinflationary period (1922-1923) the Reichsmark lost value rapidly against the US Dollar. Review the information below for conversion rates as the hyperinflation progressed:

Timeline of Weimar Republic Hyper-Inflation (Reichsmarks per USD)

June 24, 1922: 272 Reichsmark (RM) to $1.00 US
July 1922: 670 RM
August 1922: 2,000 RM
October 1922: 45,000 RM
November 1922: 10,000 RM
December 30, 1922: 500,000 RM
February 1923: Reichsbank buys back RM (or reichsmark); stabilizes RM at 20,000 to 1 US dollar
May 4, 1923: RM 40,000
June 1, 1923: RM 70,000
June 30, 1923: RM 150,000
August 1-August 7, 1923: RM 3,500,000
August 15, 1923: RM 4,000,000
September 1, 1923: RM 10,000,000

Around September 10 to September 25, 1923: Prices reportedly rise hourly in several German cities.

September 30, 1923: RM 60,000,000 = 1 US Dollar

November 15, 1923: Rentenmark issued; pegged to the Gold Standard; Rentenmark 4.2 = 1 US dollar; at this time: Old Reichsmark 4,200,000,000 = 1 US dollar.
1 New Rentenmark = 1 Billion Old Reichsmark!

Only the issuance of the Retenmark, backed by bonds indexed to market prices (in paper Marks) of gold, brought the out of control hyperinflation to heel.

Time is running out fast! Hyperinflation seems unavoidable as fiat paper money is being printed as fast as the US presses can run. To protect your wealth and your family, buy gold and silver now from these top companies, APMEX Gold and Silver and Silver American Eagles.


Rick

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