Even with 200 years of market history to look back on, this time...

Even with 200 years of market history to look back on, this time I believe that markets and Govt just don't know what has morphed out of this scenaio. Personally , I think they are trying to balance the short term , and may continue this action for the foreseeable future, so we may not even know if we get either inflation , or deflation. Velocity of money could possibly stay frozen for 5 or even 10 years, and market conditions could be anything after that time. Gold as a safety net, definitely , but as a profit making vehicle?, I really am not sure. Money could flood from one darling of the market , to another , creating very hard, sharp, mini booms,and back again ,as traders try to maximse profits , and minimise exposure in one place.