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.
NFCs, bitcoins, silver, gold, whatever. If the only way people can cash out is to get someone to buy what they’re selling, there’s always going to be an element of grift to it. It’s just some are more grifty than others.
Shit, I gotta stop paying with NFC.
I mean that applies to literally everything
Everything that you make an investment in has some measure of liquidity.