Keith Barron continues:

“Then you pressed the start button again, and away you go.  That’s probably what’s going to happen to America.  This is not the first time.  It happened during the Continental Congress, it happened during the US Civil War.  It’s a very sad commentary on history, but it looks like it’s going to happen again.

It’s very interesting what’s happening (with gold)....

Continue reading the Keith Barron interview below...  


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“The price seems to be holding up nicely after the Bernanke announcement.  We’ve seen some very interesting stuff in the last couple of days.  In the last 24 hours Japan has announced they are going to embark on a QE program.

Brazil is also doing something.  It’s interesting to see what’s happened.  The American dollar dropped as soon as Bernanke said that he was going to do the open-ended QE3.  The result of that has been various countries around the world, in order to protect their export markets, have decided to drop their own currency.

There’s a phrase for this in economics, it’s called, ‘Beggar thy neighbor devaluation.’  So they haven’t really devalued, but they’ve de facto devalued their own currencies.  So this is kind of a race to the bottom.  But I can tell you right now, Eric, it (money printing & devaluation) has never, ever in history, in hundreds of years, resulted in a rebound for an economy.  This is a desperate measure.

The whole world is in an incredible slump.  The only way (they feel) they can get out of this is by printing tremendous amounts of money, and producing a lot of liquidity.  Bernanke has said publicly that he knows when to turn the faucet off, and it’s not going to produce inflation.

I don’t think he’s that clever.  You can go back through 100 years of monetary history, and see that other people who thought they were clever like Bernanke, turned out not to be.  It resulted in things like the Weimar inflation in Germany.

We’re headed down that path.  It is extremely bullish for precious metals.  This is why we’ve seen gold and silver react so strongly to the Bernanke news.  The only way they can stop this now is by shutting the door and bringing out a new currency.”

© 2012 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged.

This was a fascinating interview with one of the legends in the business.  Barron discusses what to expect going forward from central planners and the metals markets.  The KWN audio interview with Keith Barron is available now and you can listen to it by CLICKING HERE.

The interviews with Dr. Keith Barron, Jean-Marie Eveillard, Bill Fleckenstein, Egon von Greyerz and Felix Zulauf are available now.  Also, be sure to listen to last week’s line-up of other KWN interviews which included Rob Arnott, Michael Pento, Gerald Celente, James Dines and Marc Faber by CLICKING HERE.

Eric King

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© 2012 by King World News®. All Rights Reserved. This material may not be published, broadcast,

rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged.

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