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.

  • Owl@mander.xyz
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    8 hours ago

    Load your gold into your car ? I might have misunderstood the post. If you don’t own it directly it’s no better than any other investment

      • Owl@mander.xyz
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        4 hours ago

        It would probably already be stolen by that point xD

        Though, as I said, gold is a pretty universal currency, so if you manage to smuggle it out you can use it almost anywhere. Unlike some obscure national currency or the like