For most of your savings you want mint gold and silver coins.
Coins, ok? Do NOT buy piles of junk/scrap gold.
But a small bag with a few ounces is a good idea in my opinion.
It doesn’t attract much attention, you can pull a wedding band and sell it and still look like just another poor desperate guy, even if you have a small bag with a couple dozen more used ones bought at a pawn shop.
Going around offering mint gold and silver coins is a good way to get robbed, shot or kidnapped.
You can go to the jewelry store, bring out your great grandmother’s favorite bracelet on the counter (BS, you bought it as scrap on ebay) and cut just a few links of chain with your Leatherman tool.
Just the amount of weight you need to buy some groceries next door, just a few links. (chains make this so much easier)
This happens in Argentina, people sell their jewelry for their gold out of desperation, and I verified that this works this way in Libertad street here in Buenos Aires. Everyone offers somewhat similar prices.
Warning: Make sure the gold is properly stamped and ins’t plated junk.
The jewelry gold, (junk/scrap gold) will come in handy as a PM version of pocket change, like the silver content in pre -65 coins, but know that you'll be loosing a bit of money compared to mint PM, at least most of the time.
I'd check pawn shops or online for people selling it as junk/scrap (meaning selling it for its gold content or a bit over or below that)
Used wedding bands and chains, people rarely want a used failed marriage ring.
Stick with these simple stuff, you don’t want to pay for the jewelry's artistic value.
Hopefully the wedding ring will fit you and you can pull it out of your finger when selling or bartering for extra drama.
Stick to 18k gold. Less than that and gold dealers will become more suspicious. It should be stamped somewhere as "18K" , and it shines nicely and doesn't darken. “14k” seems to be also acceptable in some places. Just make sure it’s stamped and not plated junk.
You want to preferably buy things like this:
That's 29 grams of 14k scrap/junk Jewelry (supposedly one 18k ring)
It's all going for 400 bucks
Using this PM calculator you see you have 498 bucks worth of gold in there.
That's preferably the kind of deal you want.
Yo might want to invest 17 bucks in an acid test kit, play around a bit unitl you learn to tell the difference of gold purity.