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.
As a finical instrument for investing it’s fine. Makes total sense to have some of your money in gold.
As you describe, being a part of a prepping plan for the end of the world. It’s really dumb, and a total scam.