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.
It is not as stable as most currencies and market etfs (I can’t remember the right term, but stuff like VOO) generally have more reliable and higher returns than gold (ie XAU) over the long run
VOO started about 15 years ago. Over it’s life:
This is not specific investing advice for anyone here. I cannot offer that without knowing your specific situation and I charge for that, and once I give the advice you’ve paid for you’ll think I overcharged because it’s really simple (but reliable).