I think you're confused Skol..investors are probably selling off overseas forex positions in favour of US ones, so the US$ is appreciating relative to overseas currencies.
But gold, and even oil, is at the same time appreciating against the US$. An interesting post the other day had a clip relating how oil and gold have stayed linked up in value over the last 100 years or so. Both have climbed hard against the dollar.
While there is some talk of deflation, recent history notes the use of inflation as a way of paying off debt. Doubling the price of gold won't do it, but over time inflation would erode the world's debt. As long as everyone tries to earn more than they purchase, for a few years. IMHO.