Liberty and Finance's Elijah K. Johnson asked me to comment on gold breaking above $2,000—was it the banking panic? Or something bigger? Why the stocks are underperforming at a time like this? And where do we go from here?

Note, this is the chart I referred to in the interview, showing that what's happening with gold now is clearly not like what happened last time. This only makes sense, given the high inflation, high debt levels, and high alert on systemic risk.