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 (3 children)

Gold has utility. Every circuit board uses gold.

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

    Same with germanium.

    And boron.

    …I was gonna say I wouldn’t want a giant cube of boron. But actually, I kinda do?

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