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.
Not to be contrarian, but please don’t say gold is almost guaranteed to go up… There have been times in the 1900’s where people lost in gold massively and didn’t recover for decades.
It HAS been a good investment in the last while, but it may have been just luck.
Plus, at the price it’s at now… I kind of fear buying it.
I looked into it as well but in the end went with a Gov Bond ETF instead.
Edit: typos, I have feet for hands