“Gold is about to go head to head with treasury bonds in the competition for available liquidity as the stock markets explode and go down in flames. Treasury bonds are going to lose. How can they win with the USDX dipping just below 72, a rate of return below 4% and actual inflation running at 12.625% while the real GDP is at best minus 2.5%? Do you really think traders will want to take an 11.125% haircut on their money?”