Can we say the same thing about gold? It has no value and almost no use (it can be replaced by any similar looking metal for use in jewelry), but is very expens

Can we say the same thing about gold? It has no value and almost no use (it can be replaced by any similar looking metal for use in jewelry), but is very expensive and people are more than willing to buy it. Banks set high commissions for operations with it and governments impose high taxes.