• Hereforpron2@lemmynsfw.com
    link
    fedilink
    English
    arrow-up
    4
    arrow-down
    7
    ·
    edit-2
    1 year ago

    But when money fails (hyperinflation, sanctions, digital collapse, bank failures, violent revolution, etc.), countries who already have gold reserves will be the only ones with anything of value.

    Beyond that, just by virtue of the fear of any of those events or general international turmoil rising, the value of gold rises, too, as one of very few stores of wealth that can survive any such event. Investing in gold is a great low-risk move for guaranteed returns on huge reserves.

    Edit: I don’t know why people are downvoting this lol. Talk to literally anyone in finance.

    • joyjoy@lemm.ee
      link
      fedilink
      English
      arrow-up
      10
      ·
      edit-2
      1 year ago

      Money is like fairies. If you stop believing in it, it stops existing.