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.
Every country is worried about their currency collapsing because all economies are deeply connected. It just takes one major trading partner to collapse for a domino effect to ripple through the world.
Definitely a fair point. But for the most part, being in the country that collapses is going to be worse than being in a different country.