europe
The only way Europe can get out of its banking crisis besides letting the major banks go bankrupt is to print a bunch of euros and put them in the banks to increase their capital reserves.
That will be inflationary and will cause gold to go up further.
We shall see whether the Germans care more about the Eurozone continuing and the major European banks remaining solvent or if they care more about avoiding another Weimar.
At least when it comes to the establishment I think it is clear they want to perpetuate the status quo, even at risk of another Weimar hyperinflation. The general public there may not be so supportive of that however.
But I think the policymakers will follow the path of least resistance which is to keep the system afloat by printing money.