I'm not sure how reliable official inflation numbers are. They are often aggregated through layers of definitions and classifications that are easily manipulable behind the scenes.
— Ryan Orry Lang (@orryano) October 12, 2026
The fiat currency system that we have now is only about 55 years old.
— Ryan Orry Lang (@orryano) July 15, 2026
It was in 1971 that the Bretton Woods system ended, unbacking major global fiat currencies from gold.
When gold, silver, or Bitcoin run up, there are often hyperbolic narratives about dollar devaluation or hyperinflation.
— Ryan Orry Lang (@orryano) February 19, 2026
When they go down, where are the narratives about dollar appreciation or hyperdeflation? https://t.co/hVzQyTLeCl
This is one example why the hyperinflation narrative in gold and silver has always deserved some scrutiny. https://t.co/hVzQyTLeCl pic.twitter.com/8v0PSWuW4F
— Ryan Orry Lang (@orryano) March 20, 2026
I doubt currency debasement is a major reason for the surge in gold and silver, because their demand is international and it doesn't make sense to say that 100+ currencies are debasing at the same time.
— Ryan Orry Lang (@orryano) December 26, 2025
I believe demand from emerging markets remains the key factor.
For silver…
Hot take: The rise in gold and silver has less to do with hyperinflation and more to do with significant demand, largely from countries in emerging markets.
— Ryan Orry Lang (@orryano) December 24, 2025
This isn't the 1970s anymore when there were only a few productive countries in the global economy.