I wanted to diversify. Now: 1) I instantly lost 15% of value. If I want to sell it right away to the same bank, I would get 15% less.
2) packaging. It’s in sealed plastic package. They told me if the gold bar moves inside the packeting because of packaging damage, I could not sell it to the same bank. And the certificate is void.
Needless to say if I sell it as crude gold, I will lose way more that 15%.
That means that I cannot use it as payment method and cannot pay with part of my gold.
That makes gold… well gold. It’s not useful for payments, and it’s quite questionable store of value.