haha
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I completely agree with this. What I intended to say, is that over much of this time equities were certainly the equal of cash or DM bonds, not that they were a safe haven through the period. Until Germany turned its attention to the East, it must have seemed that the Axis was winning the war, in a walkover in fact The Berlin Exchange rose from 6.43 in 1932, to 27.75 in 1943. My memory is that the US market made an important low in early 1942. Certainly during the Weimar inflation of the early '20s, German equities trumped DM. When you are going to lose a war, there is no domestic safe haven. Except of course in recent US wars, where the most bullish thing that can happen to a nation, given a little time, is for the US to invade and "defeat " it.I think there is a misconception that one could have done well holding on to equity from WWI in Germany even through to WWII and been better off. In 1948 virtually every company in Germany was dismantled and the stock market fell to 0.76 pts, down 98% as the United States implemented the policy to close all large industry in Germany to prevent any rebuild of war works.
If you were born in 1890 in Germany and survived your 20's by singing Christmas carols to the Brithish across the trenches and made it to 1948 somehow by to that point at age 58 you would have seen 2 occasions where all stock value was literally wiped out. To take money you earned from that point forward and put it into the new companies formed after WWII was very hard for most Germans who as a country are now very risk adverse. Anyone who would have had 20 years of salary saved in the stock market would have a couple months worth of salary in 1948 when the German economic recovery began. If you lived in East Germany, the Soviet Union took possession of all equity so you were wiped out on there as well. Gold and bonds denominated in goldmark repayments were the only instruments that made it through that period with any value. So I do not think there are many actual succesful German stock investors holding stocks from 1914 to 1948 in Germany.
Incidentally, you can open a gold depository account in several institutions in Australia and there is no need for reporting to the United States government or anyone else for that matter so long as the gold remains on deposit as there is no income earned on that holding. Nothing illegal about that at all.
@ObGyn-I did not intend to suggest that you were hiding money in any illegal maneuver. Just that your occupation alone tells anyone who wants to know that you have money. Similarly I would imagine with your address.
Ha
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