Post
Topic
Board Economics
Re: Fed Does Nothing: Gold and Bitcoin to Benefit?
by
Zentuple
on 22/09/2016, 00:45:39 UTC
...

Our pals at the Federal Reserve did nothing (ie, did not raise interest rates from the close to zero where we are now).  Their infamous "dot plots" (member predictions of rates for the next couple of years) show their expectations of rates for a long time.  Low!

One would think this will benefit gold (approx. $1335 now) and Bitcoin ($600).

Any guesses?

I guess screwing over the middle class and creating free money is too cushy to end now..