[baconandeggs]

The problem of storing gold is the same as the problem of storing paper money, there is no difference. Have you tried storing a million dollars in your own home? It is not for the faint of heart.

There is no difference except that in a crisis gold will retain its value, and the stacks of paper money will only remind you of the better days.

Now, of course neither of them is optimal. The best way of maintaining your purchasing power is with a competent government. But that is even more rare.

[gravitas]

Gold is very dense. $1M in gold is 25x 20-coin tubes of 1oz coins @$2000 per coin, which is probably around an 8" square surface area 6" tall. Bottom of pretty much any standing safe you can buy (typical gun safe, e.g.).

Most consumer gold trading is done in grams, tenths quarters and half an ounce, outside of numismatic (old real gold coins, not bullion) due to its insane cost, it's easier to move assayed grams@$50 than $2000 single ounce coins for "regular" people. Also because it's easier to fake in larger ingots and XRF devices are very expensive, smaller assayed quantities move fast and are traded heavily.

[OldHand2018]

> Gold is very dense. $1M in gold is 25x 20-coin tubes of 1oz coins @$2000 per coin, which is probably around an 8" square surface area 6" tall.

Most/all Federal Reserve Banks have a "Money Museum" attached to them. They will have $1 million in one dollar bills, which is a cube approximately 3 or 4 feet on each side. They will also have $1 million in twenty dollar bills, which fits on a 2-3 foot in diameter table, stacked perhaps 12 inches high.

Lastly, they will have $1 million in one hundred dollar bills, which fits in smallish suitcase that's probably less than twice the size of your stack of gold and weigh hardly anything at all.

They are really interesting - you should definitely go to your nearest one when you can, not least for the free shredded cash they give out; you can have the most baller confetti at your next party.

[mmmrk]

It's no different until raiders show up at your door. Your million dollars can be stored in assets outside your home.

Also, IIRC, gold quickly lost its trading value in post WW2 Germany because, uh, you couldn't eat it.

[baconandeggs]

Sure, neither can paper money be eaten. Well, it can, but it is not nutritious. All the problems of gold are the same with paper money, there's no need to type the wheelbarrow story again. And gold might've not been useful in germany, but other places did take your gold. No one took Reichsmarks.

If you are storing a million 'dollars' in assets then you are not storing a million 'dollars', you are storing assets currently valued at one million dollars OR also 500oz of gold.