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.

  • Balldowern@lemmy.zip
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    1 month ago

    Silver has other values in addition to being a currency. Used medical equipments & in electronics.

    Copper hoarding is good too.