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.

you are viewing a single comment's thread
view the rest of the comments
[–] 12 points 11 months ago

It is an ok hedge on inflation, but it is pushed a lot by scam adjacent businesses to push up consumption.

  • source