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« Silver: Supply and Demand | Main | Hecla Mining: Very Good Results »

Central Banks Print Another $167 bln: Will This Solve The Problem?

In an attempt to prevent a financial crisis, the European Central Bank pumped an emergency €94.8bn ($131bn) into the banking system. This cash injection is larger than that the one that happened the day after 9/11 (€69bn) which shows what a big problem the ECB is facing.

This “cash injection” is really just the ECB printing loads of worthless fiat currency and throwing it at the problem, but this will not prevent the coming financial crisis that will hit the credit systems, including mortgages and home loans, particularly hard. Along with printing this vast amount of money, the ECB also made a one day pledge to fulfil any and all funding requests from financial institutions.

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We believe that gold and silver are going to be the first choice for investors looking for protection from the coming crash and also investors looking to profit from it. We see a major rally in gold, silver, gold stocks and silver stocks beginning at the end of the summer. You can keep updated on the gold market and which gold stocks to invest in by subscribing to our free Gold Prices Newsletter. The precious metals will do very well and so we think silver is also good investment, perhaps even better than gold, and you can keep informed on the silver market and silver stock by subcribing to The Silver Prices Newsletter free of charge.

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