Jim Rickards is not saying to actually go short on treasuries. He is saying that longer term gold is the place to be.

There does seems to be some short term divergence between the experts on where the bottom in gold is but they all seem to agree that longer term it will be making new highs. The problem with bottom calling is that you never know when the various central banks will interfere in the market again.

Rickards says that the US will print if the Euro gets too weak (to prevent slowing exports) and the ECB will print if they see outright deflation.

Longer term I think we are guaranteed inflation in our futures and treasures are a bad bet.