Is gold investing a scam?

https://lemmy.world/post/39915366

Is gold investing a scam? - Lemmy.World

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.

When the world collapses, nobody’s going to care about gold.

Stock up on bottlecaps instead.

As a person who has an abnormal number of bottlecaps for hobby reasons, thank you for making me feel rich! Also, why would anyone else want these?
I think they’re referencing the game Fallout where bottlecaps are used as currency