It’s important when holding gold to know where you can “use” it should you have to.

Pawning- It is the best asset for pawn shops. You get cash at a place where you can get it out of hock easily. (I’ve pawned one 5 gram gold ingot like 20 times lol) If you’re expecting a paycheck in a week, and rent is due today, pawn the gold, pay the rent, get the check, get cash, use cash to get your gold back. Pretty simple. The pawn shops hate this. They would always say “you’re already back!?” Yeah, i’m here to pay the $38 on the $400 loan you gave me and get my gold back. Get the PER DIEM interest charge, make sure it’s worth it, and don’t lose your gold.

Trading- if you or your family were starving, let’s say, the grocery stores are empty, grid is down, some type of emergency situation who/where could you trade with to get something. Would the people you know, the stores in your community— would they be more open to greenbacks or gold? My grandpa always said “ you can store gold and silver all you want, but you cant eat it” In this case, would a .22 rifle and a thousand round brick be worth more than gold? Squirrels can be quite tasty in a pinch.

Selling- this one is pretty easy. Gold over time, so far, has been the better investment. If you had a $100 bill and an ounce of gold under your mattress in 2006, forgot about it, and find it today, the $100 is still a $100 bill. With inflation, it’s lost value. You could buy more with $100 in 2006 than you can today. The gold, however, well, you know.

But, some people (like addicts who need a fix right now, or the 75 IQ cashier at grocery store) would still prefer the $100 bill. Taking the $4000 oz of gold and finding a buyer is something they havent or can’t conceive of. It would be a hassle to them. Does not compute.

Holding/storing- Do you have a family member that lives with you who has stolen from your piggybank before? Always asking to borrow money? Is it easier to store cash or gold safely for you?

Pimps put their money in gold and the gold on their neck. If they are arrested, cash is seized. Gold is personal property. One of his hoes can come get his personal property, pawn it, come back and pay his bond. If he had $4000 in his pocket, it would be inaccessible and he would stay in jail until trial.

So there’s some things to think about.