o Gold has been mindboggling over the last 100 years. Figure 4: Gold Prices in various CM rendes (Dec 1925 = 100, Y-axis in logarithmic scale) and DM Financial Shocks (RHS) 1.000.000 100.0rk 10.000 1.000 IC-3 10 IIIMMION DM ShOrkt IRKS) ESP A'S IEP us San* M.1•'AI an PPM rewricwit DmBMtbpi IP "FIE

evels of debt.... ( Figure 2: G7 Government Debt to GDP (left) and US Total Debt to GDP by sector [cumulatively stacked, right) - both graphs with DM Financial Shocks (% of countries) on RHS axis 160% 140% 120% 100% 80% 60% 40% 20% ADM Shocks 1% of Countries, RHS] Govt. Debt (% of GDP. LHS) 100% 90% 80

of the Bretton Woods system. As Figure 22 shows both these periods saw increasing Government debt. [Figure 22: G7 Government Debt to GDP (LHS) and DM Financial Shocks (RHS) 180% T MS DM Shocksl% of Countries. RHS! Govt. Gehl Mot GDP, LHS) 100% 140% 120% 100% 80% 60% 40't, 20% 0% 4 .4 Sacco Dandy an