Gold's value, however, is not derived from its industrial and other such uses. If it was, the price of gold would be somewhere in the $200/oz range. Gold is val

Gold's value, however, is not derived from its industrial and other such uses. If it was, the price of gold would be somewhere in the $200/oz range. Gold is valuable because of its historical role as a monetary metal. So while gold has a sort of industrial "backstop" that would set a price floor, absolutely no one is buying or owning gold with the expectation that it might lose 90% of its value.