The quantitative easing that was put in place was exceptionally positive for gold because the gold market believes printing money will be inflationary, she added.

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When the dollar is linked to gold, the Federal Reserve cannot finance federal government deficits by printing excessive amounts of money.

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Longer-term, with central banks printing money it is ultimately inflationary, which is supportive to gold.

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Yet it is the reason government spending has blown past budgetary constraints, revenue downturns, and public outrage since the last check on Federal Reserve dollar-printing ended in 1971 with the demise of the Bretton Woods gold exchange standard.

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However, euros are paper and to increase the gold supply you have to go to much greater lengths than switch on a printing press.

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Gold bugs are buying bullion for the understandable reason that central banks appear committed to printing more money: they fear that eventually this will lead to inflation.

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The new plan would be ostensibly printing of greenbacks by the Fed and would be raw-commodity market bullish, including bullish for gold and silver markets.

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