Why do people buy gold at the worst possible time? Using Weimar Germany (1921–23) and Turkey’s lira crisis (2021–23), I map the repeating Gold Panic Cycle—how premiums/spreads compress protection, why lack of liquidity forces selling, and why you need a written exit plan before panic hits. Not financial advice. Subscribe for the next case.
#germany 1923 Bicycling Bicycling Germany Biking Biking Germany bullion premium buy high sell low buy too late central banks coin shop crisis psychology Currency Crisis Cycling Cycling Germany Cycling Weimar Germany Deutschland financial history gold investing gold panic gold panic cycle gold premium hyperinflation inflation hedge liquidity macro history monetary history panic buying physical gold risk management safe haven assets spreads Turkey 2021 turkish lira weimar germany