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.

  • Starstarz@lemmy.world
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    2 days ago

    As a person who has an abnormal number of bottlecaps for hobby reasons, thank you for making me feel rich! Also, why would anyone else want these?

    • Atlas@lemmy.world
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      2 days ago

      I think they’re referencing the game Fallout where bottlecaps are used as currency

    • SippyCup@lemmy.ml
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      2 days ago

      It’s almost certainly a joke but bottlecaps in a post civilization society would make a pretty decent currency, more so than gold.

      They’re light, easy to carry, hard to reproduce and therefore scarce. They’re also useless for anything else. So if you happened to have a lot of caps laying around they might find their way to becoming a currency.

      Gold is heavy, requires a lot of work to make it useful as a standard, and has other practical uses. Caps are actually better.

      • DeathsEmbrace@lemmy.world
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        2 days ago

        Yeah but making them isn’t complicated just medieval smelting is needed which is basically the iron ages

        • MDCCCLV@lemmy.ca
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          1 day ago

          It’s the crimping and the precision shape that’s hard to replicate, you need a press.

          • SippyCup@lemmy.ml
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            1 day ago

            And that would be doable, realistically. Though there’s a bit of plastic on the bottom that would be quite difficult to replicate.

            The point is they’re only useful as a currency. And really only to a society that can’t really make much. If society advances again to the point where a used bottlecap can be replicated, other systems will already have been established to make it less attractive.

      • hungryphrog@lemmy.blahaj.zone
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        1 day ago

        I mean, considering the fact that numerous pre-modern cultures relied on (diluted) alcohol as their main drink since water was too dirty to drink safely without mixing it in with wine/beer/whatever, and that a lot of people would use alcohol to cope with te hard times that might actually be a good skill to have in the scenario of large amounts of infrastructure becoming unusable. (modern knowledge of germ theory & boiling drinking water would probably make it a lot more useless, but I bet you could find people willing to trade supplies with you for a nice drink.