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.
Buy Silver instead.
curious, why?
Silver has other values in addition to being a currency. Used medical equipments & in electronics.
Copper hoarding is good too.
All of that is true for gold as well though.
Not all of it. And silver is significantly cheaper. So the poor man can still protect his assets to some extent.
Gold is used for medical devices, electronics, currency, thats everything you mentioned. How is that not all of it?
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OMG you’re right!