Bernanke knows that and all of the central bank
leaders know that. So that will continue and as we see in this chart,
borrowings will continue, balance sheets will expand and the gold price will
just continue to reflect that.
This is without the market reacting to the fact that there probably isn’t
anywhere near the central bank gold (governments claim they possess).
I also have a chart on the US public debt to gold
price (starting) from 1900. You see on that chart how from the late 1900s that
gold and the US public debt has started to go exponential (see chart
below).
Now we are actually getting into the parabolic phase
of the move, which is straight up. Central banks will have to print unlimited
amounts of money. So what I am saying for investors is don’t worry about
short-term corrections because you know it’s absolutely certain that debts will
go up, and gold will continue to reflect that.”
at http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/10/26_Greyerz_-_Two_Absolutely_Incredible_%26_Key_Gold_Charts.html
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Eric King
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