I know people out there who have invested a lot in gold under the belief that in the event of like complete societal collapse or hyperinflation, they could use it for purchasing.

I have the hunch it's a scam, but I haven't learned enough monetary theory, business, or economics to understand why.

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[–] 9 points 11 months ago (3 children)

True, in total collapse gold isn't worth much. However, total collapse isn't very likely. Across all civilization collapses, it's never come to that point

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  • [–] 13 points 11 months ago (2 children)

    Also sandwiches are a terrible way to store value.

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