Barron - The World Will See More QE, Inflation & Revolution

"With continued volatility in global markets, including gold and silver, today King World News interviewed one of the legends in the gold world, Keith Barron.  Barron consults with major gold companies around the world, as well as major brokerage houses, and he is also responsible for one of the largest gold discoveries in the last quarter century.  Here is what Barron had to say about what is taking place in Europe:  “Spain is in a tremendous amount of trouble right now.  They have had a lot of their major banks downgraded.  The country’s debt has been downgraded, yet again, and there is tremendous opposition amongst the populace regarding austerity measures.”

Keith Barron continues:

“The unemployment rate is now almost one in four people, it’s just over 24%.  If this place was in South America, they would be verging on revolution right now.  They would be pulling down statues, breaking windows and setting fire to cars.  Maybe that’s coming.

Greece is certainly not out of the woods.  We know that Portugal is in big trouble too.  The fear is that things are going to start spreading to Italy, that’s the big shoe to drop.

“But you know these anti-austerity protests, if they are going to clean these things up and go for growth, as a lot of the politicians have been claiming, then it’s going to be inflationary.  Down the road this will be very, very good for precious metals.

I think you are going to see the European Central Bank throwing money at the various crises, in Europe, that are continuing to unfold.  (Also,) I do think QE3 is coming before the US elections.  I think there is continued bad news coming both in GDP output and in employment figures for the US, and they are going to throw money at this.

So this is all very inflationary and it is very bullish for gold.  I would not at all be surprised to see another huge bounce in the gold price, like we saw last August.  Traditionally and typically these things don’t happen in the summer, but certainly we had a huge surge in price last August..."

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