How liquid is gold in terms of turnaround if you randomly cash it it (where?)?
Physical gold? Not very compared to bank transfers. Be prepared to show the paper trail proving that you did not steal it.
Short answer: no.
This is going to depend a lot on where you are.
In Thailand for example, you’ll find there are a half dozen gold shops at every grocery store that will happily liquidate your gold at a moments notice a price determined by the current gold spot rate.
Nope.
The challenge with gold is physical security.
It is wiser than using a run of the mill bank savings account? Not in the US.
Can you help me move this 812kg if gold to my new safe please?
Yes I’m down. Is it cool if I wear my mask and not tell you my name? You can’t trust me.
Of course man, I understand people wanting to make sure they don’t catch that covid-25
Belief is power. https://www.youtube.com/watch?v=ntG50eXbBtc
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no
The fullest widom is knowing it all depends on your goals and risks. This is not a universal binary.
While gold climbs well in time of crisis, I wouldn’t say physical gold is that of a great investment, stored at home it*s less secure than at bank, and unlike stock you don’t get yearly dividends but only expect the value to rise.
Main usage is tax dodging, where plenty of small shops would cash out your gold with not much questions asked, but this work for small amount not for gold bar