The main prepper whose account I read had a great post-mortem on his first prep effort, that basically went "lots of chocolate and DVDs and other small luxury items". Gold jewelry wasn't even the thing he was investing in to exploit the black market: a massive DVD collection was. Accessible luxuries like a movie you haven't seen are gold in those conditions. People can sock away 100 kilos of rice, but after six month's eating only that, they'll kill their own children for a bit of chocolate.
I guess this is one of those things that sound good 'on paper' , but after deeper analysis it's not so straight forward.
Like others said, it's probably easier to trade toilet paper, cans of food or cigarettes than ounces of gold.