I buy gold for no other reasons than
1. “if” there is hyperinflation
2. “if” there is a collapse of society and money is no good.
either one may not happen, and if it does the gold may still not save me, but, I don’t use the rent money to buy, and on paper I haven’t taken a loss.
So true. You buy gold and junk silver for a hedge not necessarily to make a profit.
Another advantage of holding physical gold is that it disappears from your estate.