Having some PM in reserve is not a bad idea. I don’t think it replaces “money” as we currently know it, but the indicators are all over the place that NIRP is coming along with a possible monetary debasement. Couple that with louder and louder talk of becoming a cashless society, gold will become very precious as a way of keeping your transactions quiet and off the radar.
“gold will become very precious as a way of keeping your transactions quiet and off the radar.”
Now, THAT makes sense.
Real gemstones (not diamonds) are a better option. They are a better store of value, are portable, and untraceable. The only real downside is a lack of fungibility (you lose value if cut), but that can be overcome by purchasing various sizes.
Jewels have proven themselves in every SHTF scenario. You can’t easily transport or conceal PMs, but you can smuggle or sell jewels anywhere.