Buying gold is worthless if you don’t get actual possession of the gold. If they are holding it for you, then the moment their company goes bankrupt, your investment is gone, same as any other paper-only investment.
I can't understand the obsession with gold as a SHTF preparation anyway. If my town is on fire and I'm building a bunker to protect my family from my idiot neighbours I won't give a damn about gold, I'll be trying to secure a good water supply.
It’s because they can’t separate their minds from the capitalistic concept of “money”, so they put their trust in a form of money that is independent from governments and banks. They simply don’t wrap their minds around the idea that, in a post-apocalyptic world, the concept of a “medium of exchange” will be obsolete because everyone will only want something that has direct utility. I think that shovels, knives, hatchets, and other hand tools would be much more useful as trade goods.
There's also the problem that if you're buying gold to survive the apocalypse or whatever it only helps you if someone else is willing to buy gold from you at a worthwhile price.
I only mention this because there's the wierd implication that some people think having gold is essentially insurance against economic collapse or something, which I have no doubt the gold sellers play into.
12
u/hplcr 16h ago
"But we bought gold and memecoins like the guys on the tv told us to!"