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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Yeah, bit of land staked off, 5 goats, 5 cows, 15 chickens, fencing and 100 acres of agriculture would do you much better.

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