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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[–] 13 points 11 months ago

Pretty much. Gold is a time-tested store of value. But it is not a solid investment. (stores of value and investments are not the same thing)

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