Hacker News new | ask | show | jobs
by readhn 2311 days ago
Its a hedge against SHTF scenario - full out crisis.

IF we look at history and dozens of cases of runaway inflation or currency crises (germany, argentina, russia default, venezuela etc) where currencies devalued fast in a short period of time - having physical gold (even 5-10% of the total portfolio) would have alleviated the pain.

people lost life savings... and will lose again, as history often rhymes again and again.