Racing ahead - gold & silver during a hyperinflation

During the French revolution, between the years 1790 and 1795, there was a hyperinflation in France. This was the result of an attempt by the revolutionary government to introduce a paper currency called the "Assignat", which was supposed to be backed by the real estate which was confiscated from the nobility and the church. In practice, it wasn't backed by anything. This currency quickly lost all value, leading to skyrocketing prices of goods, and especially gold and silver. This period of history is described beautifully in Andrew Dickson White's book "Fiat Money Inflation in France".
Why do precious metals tend to outperform all other commodities during a hyperinflation? Under what conditions can they actually make you wealthy? What mistake do mainstream economists make regarding inflation, and what better ways are there to illustrate it?
These are the topics of today's discussion with my friend Brian from the ‪Mountain Bullion‬ YouTube Channel.

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Music: Michael Kobrin - The Introvert
https://youtu.be/UufcCic_lQQ?si=3uQ3o4dQY4AXowjF

#hyperinflation #gold #silver #france #frenchrevolution #inflation