Michael Saylor
speaker
2,284 appearances
6 recordings
5 series
first heard Nov 2024
last heard 14 Jun
Michael Saylor’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 3 in all, peaking in Jun 2026 with 1.
Appearances
And gold has traditionally a 2% inflation rate a year.
So it's losing 2% of its value a year.
Wow.
Because the gold supply is not fixed.
If you couldn't mine gold.
For example, we had hyperinflation of gold when Caesar came back from the Gallic Wars.
He stole so much gold that he dumped gold on the market and they had hyperinflation in Rome when he came back.
And we had hyperinflation in gold after the California gold rush.
You know, the 49ers, that created inflation and that created hyperinflation, the European currencies that are gold backed.
And it was good for the Americans.
We pretty much bought a bunch of stuff from the Europeans because we debased their currency by creating too much gold.
And when the Spaniards invaded, you know, invaded South America and Central America, right, after 1492, they stole so much gold, right, from the Incas, the Aztecs, the Mayans.
So they brought that gold back and Europe was on a gold standard.
They created hyperinflation.
Right.
And so prices in Europe over that century increased by like 500%.
And it actually was a source of problem for the Spanish empire because they basically were just living off all of the stolen gold and they destroyed all their own industries and they couldn't make anything.
The point that I want to make is gold generally is always losing 2% of its value because gold miners create 2% more supply of gold every year.
But in certain occasions, it loses a lot more because there's a surge of gold.
The thing you want to think about with currency is the rule of 72.
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