I know. That’s what I thought considering the source still has his job after that.
Of course it makes some sense, but Texas doesn’t permit gold-backs for real spending. Birch Gold said Oklahoma doesn’t permit gold-backs either.
I can’t be comfy with owning gold on paper, and not overly impressed with having gold coins around the place or in the sugar bowl. I dunno.
Think barter. By 'gold-backs' I presume you mean official currency; barter is an unofficial transaction, the govt needs to know nothing about it.
As to where to store gold and still have access to it, that requires some creative thinking I suppose. If you buy gold on line and/or by credit card I would think that the govt would have a record of it. I have seen hollow artificial rocks that would blend with your landscape. Stories are common of people who buy an old house and in the attic or chimney or basement they find a hoard of silver or gold coins that a previous owner hid and subsequently died.
Presumably professional searchers would use metal detectors. Forget safety deposit boxes; already the govt is seizing them without even a warrant.
There are many common items good for barter - like aspirin, for example. CoViD proved the value of the best known barter item: toilet paper. Study barter on survivalist web sites and consider what you think your neighbors might most likely need to trade for.
In deflation everything of real worth loses value: real estate, autos, tools, precious metals -- but there is still a need for such things. Use your imagination. 😉 😇