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.

  • Obi@sopuli.xyz
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    19 hours ago

    At the moment unless you have some really rare stuff the numismatic value is generally less than the gold itself, I know for sure at least with standard “Napoleon” coins that is the case.