Comment on Is gold investing a scam?
Treczoks@lemmy.world 4 days agoIn a societal collapse, it will be rather worthless, yes. But in an economic collapse, it probably retains more value than paper money or stock options. Property, of course, is premium. If you can uphold claims to it…
vaultdweller013@sh.itjust.works 4 days ago
Also a in a societal collapse markets will reestablish themselves relatively quickly so if you have a trade good like gold, copper, or silver you could probably use it as a solid liquid asset. Mind you I’d say a 1-2 year minimum for markets to reestablish themselves so you have to survive that first. Also you will be at the mercy of the merchants and tradesmen regardless.