A small, precisely measured quantity of refined precious metal, specifically gold, being physically held. This represents a tangible asset directly controlled by an individual. For example, instead of possessing a certificate representing gold ownership, a person actually possesses the gold itself.
Possession of this physical asset allows for immediate control and potential liquidity outside of traditional financial systems. Historically, physical gold has been seen as a store of value, offering a degree of protection against inflation and economic uncertainty. Its portability and divisibility further enhance its appeal as a personal reserve.