gohm
Much easier to bury it in the ground, in a wall or in a hidden safe on your property.
Yes, that's the first line of defence. But even if it is stumbled upon by someone, I don't want them to realize that it is gold. That's why I want it to be inside another metal, like tin.
Yes, you could grind and hammer the gold
So one can merge gold grain/dust into one piece again, using a hammer? Gold is quite malleable and has no oxidation on its surface, so I'd guess it should "merge" easily. But what is the science of it? Is there some kind of "mergeability measure" around for metals?
I shouldn't maybe discuss monetary economics here, but anyway:
Gold is publically traded so it's value also depends on the market. If the market completely collapses so does the majority of the value of gold.
It never has, through thousands of years. You need about the same amount of gold to buy a nice suite today, as a Roman did 2000 years ago. Occasionally a 1000 year old wiking treasure is dug up. If its gold metal value could buy a ship 1000 years ago, it will buy a nice cruiser also today. If you dig down a million dollar (in any paper currency) today, and the centralbank achieves its goal to create an inflation of about 2% per year (which is what most central banks are going for long-term, although they always "happen" to create higher inflation than that even in best of times), then how much will than million dollar be worth if found again in a 1000 years? 0.1 cent! Yes, a million times 0.98^1000 = 0.1 cent. The whole million will have been stolen by inflationary money creating by the government's centralbank.
The US is greatly in debt, and is running huge defecits accelerating out of control. And the "rescue" packages will only prolong the depression, since they will conserve ultra high asset prices and subsidize unprofitable banks and industries. The depression will not be over until asset prices have come down to true market levels and industrial resources have been reallocated to profitable use through bankruptcies (i.e. handed over from bad management to good management and restructured to meet actual consumer demand). The US government does everything it can to prevent an economic recovery. Just like in the 1929-1945 depression and during the staggflation in the 1970s, which ended only when the central bank raised interest rates shareply during Reagan in the early 1980s. The 0% interest of Bernanke is a guarantee that economic recovery cannot take place. And this time the situation is far worse.
The US will not pay its debts by cutting social welfare and raising taxes (not to any substantial degree). They will pay it by printing the money, i.e. out of nowhere type in a huge number in an electronic account at the FED and force people to accept that number as legal tender. The purchasing power of the dollar will crash in proportion to those trillions of new dollars created out of thin air.
Hyperinflation is standard modus operandi for governments (currency monopolists) in situations like this. Over a dozen countries have experienced hyperinflation since 1990.
I don't think the government looting your home is the biggest threat. If it is, smelting the gold won't stop that.
Also, the Roosevelt "stealing gold" thing is a bit of the stretch of truth by conspiracy theorists.
Eh, no. Do you claim that gold was handed in to the government voluntarily at $21 an ounce? (How bad a deal that was is proven by gold now being worth almost 50 times as many dollars per ounce!) No, Roosevelt threatened every American with violence in order to get his hands on their gold. He looted it.
In a total collapse of an economy things like: water, fuel, food (and the items to produce them) will be more valuable.
It is also necessary to organize productive activities in society, such as producing food and fuel. It is impossible to coordinate production without pricing, and pricing is impossible when the currency hyperinflates. That is why gold always gets so extremely valuable and useful when governments destroy their paper currencies. The value of gold is stable because the amount of gold is stable. politicians cannot create gold, it can only be mined at market prices from mining operations. The reason why governments have stolen gold is precisely to get rid of that competitor to their paper currencies, which they create out of thin air at the cost of inflation for everyone else.
And I don't believe that we will have real starvation. Food packages will be handed out by the military to the population. They can handle that somewhat even without a pricing system, as long as the storages suffice. Life will pretty much be a constant Katarina disaster in that way. But anyone who has gold will be able to price items, and hence be able to trade and cause specialization of labor and thus initiate an economic recovery process of the society. Gold is very useful in precisely that way even in North Korea of today. It helps alleviate some of the worst starvations in their otherwise price-system-lacking economy. Gold has always been money and will always be money, regardless of what politicians say about it.