>At $1,750 per ounce – gold’s price as I write this – its value would be $9.6 trillion Where did you get this price from? It's 1598USD/ounce. I agree with you

>At $1,750 per ounce – gold’s price as I write this – its value would be $9.6 trillion Where did you get this price from? It's 1598USD/ounce. I agree with your point. Given its rarity, gold has always been treated by a lot of cultures to be a safe commodity. People will always give you money in return for it - where-ever you go. It doesn't produce or generate anything, but it has been and will always be used as a storage of wealth.