No Stupid Questions@lemmy.worldEnglish · 2 days ago

Is gold investing a scam?

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Is gold investing a scam?

Sheridan@lemmy.world to

No Stupid Questions@lemmy.worldEnglish · 2 days ago

173

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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2 days ago
Owning land is better to store wealth, but gold is better when fleeing to wherever land ownership is still enforced.

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