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?
Because patrolling the Mojave almost makes you wish for a nuclear winter.