this post was submitted on 28 Jan 2024

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Gold for house (lemmy.ca)

submitted 9 months ago by n7gifmdn@lemmy.ca to c/memes@lemmy.ml

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wood for sheep?

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[–] blue_struct@feddit.de 4 points 9 months ago

As far as I know, the idea with holding gold in bank storage is, that if hyperinflation occurs, the currency becomes worthless and there will be economic upheaval, but it will not be the apocalypse. And then a new currency will be created and everybody who held physical assets instead of the old currency will be in a way better position.