by Egon von Greyerz, Gold Switzerland:
As precious metals investors worldwide are concerned about the correction in gold and silver let me tell you that you must not be.
The incredible concoction of debt, derivatives (that will never be repaid with normal money) and accelerating fiscal deficits in most countries will guarantee money printing in unlimited quantities.
And Bernanke (and his successor) and fellow central bank heads will not disappoint. The only important criterion in the job description of a central bank chief is that he/she is willing and able to print whatever is necessary and in the next few years that will most likely involve printing 100s of trillions of Dollars, Euros and Yen. YOU AIN’T SEEN NOTHING YET!
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