No Stupid Questions@lemmy.worldEnglish · 3 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 · 3 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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explodicle@sh.itjust.works
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If society collapses, then carrying around and securing gold is not safe at all.
- Ex Nummis@lemmy.world
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  It isn’t even safe today, but people still do it.

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