Are we experiencing great monetary inflation where gold will emerge as a super asset class of its own?

Why inflation is expected to move northwards?

The budget deficit of the US is running at 18% of GDP, a figure only ever surpassed on three occasions during the War in the early 1940s and large asset purchases being done by CB to fund the deficit. Money supply has grown at a rate not seen in decades with Broad money growing at 23% in the US and 9% in Eurozone

Also, Current direction from the fed chairman aims to boost employment as it can run at or above real-time estimates with Interest rates will continue to be at a low level for a prolonged period