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It is a well known truth that everything in life has its advantages and disadvantages. Does it apply to exchanging cash for gold. Lets look at pros and cons and find an answer to this question. First lets focus on the bright sides of exchanging cash for gold. Thanks to this you can make sure that your savings would not lose its value due to the inflation. Gold is also a form of insurance because it is the only primary asset known that is independent in a way. That means that you don't have to worry about the economy or stability of a bank or other factors that are important when stocks are the case. Other important thing is that after a recession or even during it you can sell your gold and receive the same amount of money that you have paid for it previously. As a matter of fact when the recession is taken under consideration the value of the gold might increase. On the other hand, there are some disadvantages of giving cash for gold. Although they will be rather problematic for investors who buy large amount of gold. If that is the case you have to pay storage costs. Actually it is not only the case with a huge amount of gold. Because due to the fact that gold is valuable you do not want to keep in your house but rather in a more secure place and that is why you will also have to pay storage costs. Additionally you might have to consider insurance costs.