Great piece. I especially liked this paragraph.

“We also know that MI is always the leading indicator and Price Inflation is the
lagging indicator. So while gold prices might be trading at nominally high prices
today, when adjusted for the MI, these prices are even lower than the $35/oz gold
traded for in 1971. As further explained in my book, we should witness at least a
10-fold rise in gold prices in the years ahead.” http://www.321gold.com/editorials/nagasundaram/nagasundaram150125.pdf