SheridanDec 8

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.

Show threadRhynoplazDec 8

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

Stock up on bottlecaps instead.

Show threadStarstarzDec 8
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?
Show threadRhynoplaz
We homebrewers will be the thousandaires of the end times!
Dec 9 at 12:36amWeb
Show threadhungryphrogDec 9
I mean, considering the fact that numerous pre-modern cultures relied on (diluted) alcohol as their main drink since water was too dirty to drink safely without mixing it in with wine/beer/whatever, and that a lot of people would use alcohol to cope with te hard times that might actually be a good skill to have in the scenario of large amounts of infrastructure becoming unusable. (modern knowledge of germ theory & boiling drinking water would probably make it a lot more useless, but I bet you could find people willing to trade supplies with you for a nice drink.