A Different Long Term Outlook for Gold?

Adam Grady says he has a different long term outlook for gold. He believes the system is based on additional credit creation at each step in time. If i want to borrow more, it needs to be cheaper and borrowing costs are reflected in real interustrates. And if you make real interustrits lower and lower and lower at each step, you will make the attractiveness of being invested in gold higher and higher and higher. So i think gold has the structural tail wind behind it, which makes it already a palat asset. On top of it, it has quite unique convex tail hedge characteristics.