"Nothing has ever happened on this economic scale before.."
Rubbish, how about WW2, & the Great Depression?
How about 9/11, gold hardly moved.
The debt crisis is blown out of all proportion by the goldbugs who listen to the gold 'analysts', all of whom have a vested interest in seeing it go higher. Lehmans went bust because they were stupid, they leveraged their assets 35 times.
As for $600oz silver soon, LOL, it's no wonder I love this debate, great entertainment.