No Stupid Questions@lemmy.worldEnglish · 4 days ago

Is gold investing a scam?

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Is gold investing a scam?

Sheridan@lemmy.world to

No Stupid Questions@lemmy.worldEnglish · 4 days ago

187

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.

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6 hours ago
You using XAU for gold or something else? Also have a favorite gov bond etf? I am not the best at evaluating those

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