>> if they sell... they have sold their insurance against economic crisis and inflation
There are more productive and enjoyable ways to ensure against economic crisis and inflation than owning gold.
Use your gold to buy and improve land, and purchase tools for self-sustained living.
Or buy firearms and ammo. :-)
Or both, what the heck.
As for enjoyment, that is of course an individual matter. Now I love my yard, and gardens. I love my wooded 22 acres, though I don't get out to explore them as much as I'd like.
I'm also glad for all the tools we have accumulated, because we rarely have to buy anything like that anymore (I'd love them even better if they were a little more organized).
Somehow though, it's a bit of a different sort of enjoyment as I look upon my meager collection of gold jewelry. My wedding rings, rings inherited from my mother and grandparents etc., but oh how I enjoy the clink of silver dollars.
My grandpa called them big nickles. He used to give me one or two every birthday and my Granny told me to be sure and save them. Once I asked my Mom why they had them and why Granny said to save them. She told me, it's in case the currency becomes worthless.
I was only five years old at that time. Her statement left me stunned and a little confused, but I knew better than to pursue it further. When Mom explained something using “the tone” that meant here's your answer - end of discussion.
So every time I look at those coins, I can see them all Granny, Grandpa, Mom, and Dad all standing around watching me with big smiles on their faces. Now to me - that silver is priceless. I'll keep it forever and leave it to my kids and grand kids - if I never have to use it take care of them in a time of crisis.