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And I must add many think gold is safe. They seem to think if the country goes to hell they can use it to buy necessities. Yes, by all means, take the coin you paid $500 for and try to buy a loaf of bread or can of beans. And keep in mind the government outlawed gold ownership several decades back, and they can do it again. Gold investments are for the excessively rich that can diversify their money in different forms. It’s not for common folks with little money.

I've made that point here many times.

Gold is virtually worthless in a TEOTWAWKI situation. Like you say, you are not going to hand a gold coin over the counter for a loaf of bread. Not only will the clerk likely not be able to make change for it but now you will attract the wrong kind of attention and people will follow you back to your house to see what else you are hoarding.

I do have a gold IRA as a relatively small portion of my total retirement savings. It is a hedge against inflation and expect to start converting to cash at some later point to help fund my retirement.

The physical gold itself is at a despository in Delaware. I will never actually touch this gold.