If you look at the price of gold through the great depression...

If you look at the price of gold through the great depression you will see that it didn't really do anything that spectacular.....depression is deflationary. However central banks in their wisdom worked out by the 70s that a high inflation enviroment is a lesser evil than a deflationary one. They had a similar crash in the 70s to what we are experiencing now and the treatment administered was inflation.

I worked out months ago how bad this crash would be by studying the cyclical nature of such crashes....1907, 1937, 1974 and 2008 are all related. So if history is any guide then we are in 1973 equivalent. Gold hit a low in 1975 because everything got sucked down in the vortex of the crash.

No two cycles are exactly the same but if they were then we would see gold hit a low in 2010 (1975), probably due to deflation caused by deleveraging and recession.....but by 2015 (1980) the price of gold could shoot to the moon due to the inflationary policies that will be adopted to cure our financial system.