I think you’re on the right track with the VIX, or at least have a fair shot at making some bank on some cheap short term calls.
The SM sure seems to be ignoring the idea that the Fed is dumping $500 Billion into the Repo market or have been buying 90% of treasuries since September.
I guess as long as they keep gold in check they can keep the appearance that there’s nothing wrong.
That being said, why are Goldman’s wealthy clients worried enough to be hoarding physical gold?