I can't see the ECB allowing any failure of Deutsche Bank being...

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    I can't see the ECB allowing any failure of Deutsche Bank being allowed to happen! The money printing machines would just go into top gear. The EU banks are the main holders of the various government bonds. Perhaps the collapse of the Euro is the next big bang. But wouldn't a failure of that sort actually help Gold? What was the link between Lehmann and the decline in the gold price? Wasn't it the beneficial effect of quantitative easing on the price of other assets? If so, I don't think that particular piece of history is going to repeat itself. The money machines are still whirring in the EU and Japan.
 
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