He says hyperinflation if our government goes back to a gold standard. He is kind of correct. Goods and such priced in the gold-backed notes will see price deflation. Goods and such priced in the unbacked fiat will see price inflation.

And he wants to say something about bitcoin, and he knows what he would say about bitcoin would be wrong, because he hates bitcoin but it really fixes this. So he doesn't say anything about bitcoin other than how the gold in vaults can be traded electronically like a digital currency can be traded. He just doesn't point out how the digital currency isn't in vaults. Well, unless you categorize bitcoin keys on a Cold Card as being "in a vault".