I am in a dilemma. Buy Gold biscuit or buy Gold ETF for really long term (20y). I think India is going in super inflation territory due to obvious internal external reasons.

Points in favor of 24K Gold Biscuit. -After import Duty reduced Gold price is almost same as international price. Huge Gold customs Duty will be back soon after last SGBs are paid back by Govt. - Tax will be paid by whoever seller is. -Many jewellers are OK with just 1%melting charge. -Gold bees the only liquid etf under consideration have expense ratio of whooping 0.81% yearly. Which will eat up principal and profits yearly till perpetuity. Very poor trust in govts in taxing fairly(no hope of inflation adjusted taxation in India) or keeping word on investments (mutual fund Ltcg tax went from 0 to 10 to 12 since BJP govt came in 2014) even govt can change word on SGB after 8years. Points in favor of Gold ETFs. -Big one time expense in biscuit eg Making charge of 2%-6% and GST of 3%. And one time selling expense of 1%melting charges. -ETF is very liquid. Need money now, sell and get money next day. Gold biscuit is relatively illiquid. Need to deal with salesmen of gold jewellers. - Easier Tax loss harvesting opportunity and switching of investments to and fro equity. -No need to guard ETF except from Govt who could change tax policy or redemption policy overnight which there is no control as citizens. Gold biscuit neednto be guarded and there will always be a mental pressure of theft. I want to hear what experts here say. I am looking to invest huge amount 1year of my gross salary in gold.