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Inflation via gold revaluation could take just minutes but probably needs longer
Friday, October 2, 2015 12:11
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gata.org / CHRIS POWELL / October 2, 2015
Dear Friend of GATA and Gold:
Fund manager, author, and geopolitical strategist Jim Rickards, writing for the Daily Reckoning, noted again yesterday that central banks can always create inflation by devaluing their currencies against gold.
Rickards writes: “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.
… Dispatch continues below …
The post Inflation via gold revaluation could take just minutes but probably needs longer appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/10/02/inflation-via-gold-revaluation-could-take-just-minutes-but-probably-needs-longer/
