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 threadrc__buggyDec 8

If you don’t hold it, you don’t own it.

Investing in gold someone else holds is silly. Having a few ounces stashed away is just illiquid asset that should be a hedge against inflation.

Show threadtired_n_boredDec 8
You can have liquid, premium-free gold by buying an ETF/ETC. Whether you hold it or not is irrelevant in case of hyperinflation. Stashing it away may be useful only if you like to touch it I guess
Show threadrc__buggy
Well, you can.
Dec 9 at 12:38amWeb