Bill Bonner: When Gold Will Really Start to Glitter

“After telling readers how awful it was, now the mainstream press is back to neutral on gold. Barron’s recently ran an article titled ‘Gold Regains Its Glitter’.  Markets make opinions. Gold is up about 17% from its June low. Opinions on it are becoming more favourable.  But you ain’t seen nothin’ yet. The central banks of the major developed economies are engaged in massive debt monetization (aka ‘QE’).  If they all start to taper their bond buying, they risk resurrecting the calamity they’re trying to avoid – a deflationary depression (at least in their minds). So, they’ve got to keep going. The markets…and the economy…depend on it.  You wanna see something really glitter? Just wait! ”

http://www.dailyreckoning.com.au/when-gold-will-really-start-to-glitter/2013/09/02/

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