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News Link • Bitcoin

Gold and Bitcoin Hype Hits Stratosphere (Part 1)

•, by Mish

Some of those residing on terra firma are tired of the hype. I am one of those.

Let's kick off the discussion of gold hype although Bitcoin is far worse.

Inflation in 15 Minutes

James Rickards says Inflation Could Be Caused in 15 Minutes.

The Fed can cause massive inflation in 15 minutes. They can call a board meeting, vote on a new policy, walk outside and announce to the world that effective immediately, the price of gold is $5,000 per ounce.

The Fed can make that new price stick by using the Treasury's gold in Fort Knox and the major U.S. bank gold dealers to conduct "open market operations" in gold. They will be a buyer if the price hits $4,950 per ounce or less and a seller if the price hits $5,050 per ounce or higher.

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