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.

    • hungryphrog@lemmy.blahaj.zone
      link
      fedilink
      arrow-up
      5
      ·
      1 day ago

      But in a societal collapse owning land doesn’t matter, because land ownership is much more dependent on contracts, which don’t mean jack shit without a society and a government, and if you have to flee because of a war or a natural disaster, you can’t just stuff your forest/house/farmland/whatever in a suitcase and sell it later.