Golden parachutes?

I'm not so sure he can conclude that gold is being reintroduced into the money supply, at least not in the sense of going back to gold-backed currency. The amount of borrowing and spending is, I think, too great to be realistically made up for with any kind of hard asset. The world's birth rate decline is making it less sustainable to borrow from future economic growth and that makes the dollar's future more uncertain while other countries' currencies are even worse alternatives. I think the scramble for gold is just a desperate attempt to get ahold of some hard assets before we have another financial crisis that fiat currency won't be able to dig us out of. That might be good for holders of gold themselves, but I doubt it will be enough to keep the system going on a practical basis. I think it's more likely that cryptocurrency will play the larger role in such a scenario, but most of the financial big wigs are too old to appreciate that so they look mostly to gold instead.