Comment Currency vs. store of value (Score 1) 359
Bare-metal gold is a very inconvenient currency, but it is reasonably good as a long-term store of value.
Counterfeit-resistant gold-backed paper money or counterfeit-resistant gold coins - where there is no doubt of the amount of gold in the coin - are much more convenient but I don't see many countries making reasonably-sized gold coins or currencies that, on any given day, have a market value in the $0.10-$20 range that most people need when they go buy groceries.
As a long-term (20+ years) store of value, most people should have a mix of asset types including at least a few weeks of easily-accessible spending money and several months of "I can get to it within a few days" spending money. In a time of crisis, the "few weeks of spending money" is probably going to be the actual national currency or coin or it will be a commodity that is easily carried in your pocket and bartered, such as unopened packs of cigarettes in the battlefields of WWII.