Only problem, no dividend earned from phsical gold holdings. As mention, part of asset diversification. Need other investments to offset dividends for this sleeping asset.
Just forum sharing as i enjoy gold stacking.
1. Pamp bars. Buy min 50gms, preferably 100gms, minimize % over spot
2. Rounds 1oz n Fractionals. Higher % compwred to bars
3. Lunar series 100gms n 1oz. Avoid at all cost (where possible). But i appreciate feng shui.
4. 24K jewellery approx 450 gms. Best way to walk thru airports w/o customs check
5. Numesmatic gold. Parts of my solid gold collection by famous late-TH monks. My fav pass time once retired n control this endemic. Shoot documentary on gold talisman.
There's still Quater dollar Liberty Head coins n other jewellery  gifted by parents, kept i deposit box.

I guess you r ard 40-42 yo. Allow me to correct your statement above. Price is always a relative measurement. If u r filthy rich, price is never a concern, E.g Jho Low... Splurging his ill gotten gains on  over-priced material things n beautiful people.

Otherwise, I wud consider your comments as condescending. Buy because u anticipate the value of gold, or any other asset appreciating.

I have more trust on Germany inflation data, (as compared to USA,,) . As u can see, inflation spiking. Prices expected to inflate... Always compare prices against your spending power. Pray hard your housing loan interest doesn't go way Up!