HOW EURO MONEY PRINTING IS GOING TO DRIVE UP GOLD AND SILVER PRICES
Those investors panicking now and selling their gold and silver will feel as sick as dogs when they see what happens next to prices. For after a bleak patch lasting at most a couple of months the eurozone authorities will start their money printing presses rolling and hey what is the one money that they can never print?
We saw the start of the European Central Bank’s money printing with the announcement of the $1.3 trillion LTRO program last Christmas. It worked and rallied markets for a few months, rather less than QE2 from the Fed. And that is the dynamic of money printing.
Money printing consequences
It works just fine in the initial stages and surprises everybody to the upside. But over time the upside will become shorter and the amounts that have to be pumped into the system will become bigger and bigger, and so will the impact on precious metal .....read the full story