The US Border Patrol website says this:
Report Traveling with $10,000 or more: There is no limit to how much currency you may take in or out of the United States; however, U.S. federal law requires you to report your total currency of $10,000 or more. Currency includes all forms of monetary instruments. Travelers who fail to truthfully report all of their ...
Gold provides diversification in a portfolio and is often correlated
with the stock market during risk-on periods, while it decouples and
becomes inversely correlated during periods of stress. This is unique
amongst most hedges in the marketplace. We provide the correlation
between gold and many major market indices across various assets
Is it a good idea for someone in the middle class to invest in physical gold as a safe guard against economic crisis?
No. This is not investing. This is preparing for the worst. Or actually, trying to prepare for the worst. Investing, by definition, requires a fundamental yield mechanism.
Forest grows. That's yield.
Bonds pay interest. That's yield.
Precious metals might be valuable in extreme situations, as well as a basement filled with dried goods, guns, bullets, and water purification systems. But these preparations probably shouldn't be viewed as high return investments. In fact, they require storage and security, which are not free, and theft or loss are always possible.
Keep in mind that if ...