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.

  • LemmyKnowsBest@lemmy.world
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    2 days ago

    The only things that will have value when society collapses are food, water, shelter, off-grid power, ammunition, and weapons.

    • wolframhydroxide@sh.itjust.works
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      2 days ago

      Don’t forget “skills you can use to make yourself valuable to a small community”, especially the skills to grow and prepare food, locate and purify water, construct and maintain shelter, maintain and upscale off-grid power, and use ammunition and weapons.

    • tea@lemmy.today
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      2 days ago

      It will be whatever the remnants of society deem valuable and convenient to use for condensed wealth. Probably bottle caps.

      Unrelated, anyone else looking forward to fallout season 2?