Confiscation of gold…littered throughout history…. In an apocalypse, gold won’t satisfy hunger. At a click of a pen…gold can be outlawed. Cutting gold coins or bullion to buy a bag of food seems impractical.. gold should be part of portfolio….but it’s no guarantee, and almost any type of investment….
I see gold as a long-term holding. For example, a friend has 100s of thousands of $ sitting in different bank accounts and is starting to get nervous. I keep telling them to move stuff around, buy some gold and store it in the safe at home, buy some junk silver, and get into some crypto. But they haven't quite taken the bait yet. I think the music will stop really soon and whoever doesn't have a chair to sit in is kinda screwed. History tells us that if the communists are actually able to complete the circuit, they'll take everything you have in the bank. Cash not in the bank will be useless because they will change or devalue the currency (already in progress). So you will need something that can be translated into whatever new currency comes about = gold or crypto. This is the part my friend doesn't understand. They keep fixating on the "how do I spend gold?" part.