More European Bailouts Should Bode Well For Gold And Gold Miners
By Zvi Bar:Last week, Germany caved on its attempt to force austerity upon some of its less financially capable European Union partners, in a move that appears to signal more fiscal stimulus is coming to the continent. The union's leaders announced a new plan to pump cash into troubled banks within Spain and Italy, which will in turn use that money to purchase sovereign bonds, and stop forcing austerity measures. This measure signals that further money printing is likely, which should bode well for precious metal investors, as well as holders of other hard assets.Beyond just pumping money into the banks, this new plan also intends to centralize the regulating of European banks so that the union may more directly bail them out. The clearest reasoning for this would be that more banksComplete Story »
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