The only gold worth a damn is the stuff in your hands. Gold speculation is not a hedge against financial crises

Let’s be honest though, in a complete societal collapse (not likely to ever happen) if I had sandwiches, and you had a block of gold. Your good is worthless unless someone else is willing to trade for it. You come with gold, say it’s worth something, I say meh, maybe 15 pounds for one sandwich, you say no way, you grow weak through starvation I say 20 pounds, you say no way, grow weaker and I say 30 pounds, you say I only had 15, you die of starvation and I bury your currentpy worthless gold somewhere in case it eventually has value again.