So gold is inflation-proof?
Yes, but only to the extent that you can store it, defend it and find a buyer when needed.
Gold loses value at exactly the rate of the cost of the armed guards you are paying to keep it from being stolen.
Pay too little, and it takes its value to someone else who is better armed or sneakier.
And if someone set aside gold for you that you have never seen, no they didn’t.
RamRabbit@lemmy.world 1 day ago
Pretty much. Gold is a time-tested store of value. But it is not a solid investment. (stores of value and investments are not the same thing)