I know intuitively it sounds like the US turning its currency into toilet paper will result in gold going up in price, but the process will likely take longer than most people realize.
Instead, I’ve gotten a barrage of spam, both from the Drudge Report and some random email that managed to make it past my spam filters with exactly the same message:
This just looks like a trap written all over it, at least in the short term.
Don’t get me wrong, until they start hauling high-grade ore from asteroids from orbit, gold will be a very precious commodity on the planet earth due to having several millenia of cultural value (in addition to having very good industrial value due to its conductivity and ductility). But there appears to be a lot better value elsewhere if you take some basic assumptions on what will be in demand half a year ahead in time.
Things will stabilize, gold will lose its luster (temporarily) and sold to buy yielding assets. But when those yields compress, gold will start looking good again. Not right now, for me, however.