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.
Yeah, I know. I have what many would consider an absurd amount of rice and beans and salt so it makes sense to store something that won’t go bad. Gold never spoils. Never.