Is gold investing a scam?
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.
It’s almost certainly a joke but bottlecaps in a post civilization society would make a pretty decent currency, more so than gold.
They’re light, easy to carry, hard to reproduce and therefore scarce. They’re also useless for anything else. So if you happened to have a lot of caps laying around they might find their way to becoming a currency.
Gold is heavy, requires a lot of work to make it useful as a standard, and has other practical uses. Caps are actually better.
Sheridan
Rhynoplaz
hungryphrog