Deflation is already here and all the money printing is trying to fill the deep dark abyss. How many commercial real estate loans would be in default right now if it were not for the ability of the printing press. There is a massive shift of assets which are deemed "safe" i.e. not in a financial institution with counter party risk. Crypto is certainly gaining from this as well as silver and gold. So could gold be $15000 per ounce? Not likely, IMO, but could it reach $5000 sure. I think we get a real taste of the deflation at the end of the first quarter this year and everything takes a hit. But after that the shift away from the Stock Market and Banks will begin in earnest with crypto, gold and silver leading the way.