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.
Almost always yes, it is a scam. Theoretically, it’s a hedge against inflation, but in practice, it’s just grifters selling it to paranoid right wingers
Glenn Beck added $1000 to the price of gold in the last decade.