>>27317109
Yes, in instances where people had access to gold, silver, or currencies backed by them while they were inside a nation that was experiencing hyperinflation. Wiemar Germany is the classic example, as people with access to real money could buy out the desperate normies for paltry sums since they were desperate to get anything that traded. And once things re-stabilized, the guys doing the buying suddenly owned lots of property, farms, factories, all purchased on fire sale.
You buy gold to protect your time-value, sure. But if you're young you buy it not to hedge against inflation, but to get your pound of flesh during monetary failures.