“The Treasury can just set the price of gold to $10k, $20k, etc…”
Sorry, but that’s some ultra-retard shit. What are these people smoking? Oh right, cope, the most powerful drug in the world.
Discussion
They have already done it. When they confiscated American’s gold, they gave you $20 an oz, and once they got all the gold, they raised the price to $35 an ounce.
Who suggested that?
What a weird thing to think. Wonder what price they will set every commodity in the world to. I’m sure markets wouldn’t shatter into a billion pieces.
Exactly. Heard it a bunch of times from various gold people over the years. Then again today on Bitcoin Matrix with Lepard. But to Larry’s credit, when Ced brought it up, Larry didn’t endorse it. He knows better.
Arthur Hayes said something similar on Tom Bilyeu's podcast.