Yeah, didn't want to go into all the details in my original post. But over 50% of mined gold is actually used for industrial or jewelry purposes. Also you can'

Yeah, didn't want to go into all the details in my original post. But over 50% of mined gold is actually used for industrial or jewelry purposes. Also you can't create "Gold 2.0" out of thin air. Or flash sell millions of ounces of physical gold tanking the price in a matter of minutes. Bitcoin is only valuable because it's called Bitcoin and has a cool origin story, yet the Blockchain mechanism backing it has been replicated quite exactly many times. There is power in shared belief, but something without a strong cushion of intrinsic value will inevitably get sold off when the hard times comes. Not that I'm big on gold for investing purposes...