What is the point of owning gold in the scenario outlined? It is...

What is the point of owning gold in the scenario outlined? It is total collapse of society. All the last Czars gold did not stop him getting a bullet in the head. And research the Jews of Eastern Europe during the 1930's and 40's. Fat lot of good the traditional holders of gold found in the yellow metal.
And now in the current decade you expect that to change? What you going to do when a gang of thugs hold an AK47 at your kids head and ask you to hand over the gold?
If you believe in this sort of collapse, buy a big gun and some baked beans (and some Glen20).