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.
True, in total collapse gold isn’t worth much. However, total collapse isn’t very likely. Across all civilization collapses, it’s never come to that point