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.
You're viewing a single thread.
In case of complete societal collapse ? Yes.
But if you have to flee from your homeland, gold is a universal currency.
How are you supposed to get it out of your homeland?
Load your gold into your car ? I might have misunderstood the post. If you don’t own it directly it’s no better than any other investment
Wouldn't they just seize it at the border?
It would probably already be stolen by that point xD
Though, as I said, gold is a pretty universal currency, so if you manage to smuggle it out you can use it almost anywhere. Unlike some obscure national currency or the like