Metals, hyperinflation, dollar devaluation.
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.