• MadPlaid@lemmy.world
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      1 year ago

      Gold is used in a lot of other things than money and jewelry. For example, a sizable portion of the world’s supply is used in electronics like cellphones and computers.

      • KepBen@lemmy.world
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        1 year ago

        Oh no a country is investing in their own industrial capacity, what devious monsters!

    • Hereforpron2@lemmynsfw.com
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      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.