Make Graphics Visible in Print Layout View
The Problem:
Why is there a difference between page view and print view as far as graphics are concerned? I want to see all the graphics all the time, in any view.
The Solution:
It sounds as though you've got Word's "Picture placeholders" option turned on. (The usual reason for turning on picture placeholders is to make the document scroll faster.) When this option is on, Print Layout view displays only placeholdersempty rectanglesto indicate where pictures appear. This option doesn't apply to Print Preview, so when you switch to Print Preview, your pictures appear.
To turn off placeholders, choose Tools 
Options, click the View tab, and uncheck the "Picture placeholders" box. Word will then display all pictures in every view.