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.

  • Phunter@lemmy.zip
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    20 hours ago

    I remember reading Walden and thinking that even many many years ago this dude failed to be entirely self sufficient and still had to head back to town for random shit. It’d be so much harder nowadays.