Intrinsic value is highly subjective. Paper money has about 0 (you can burn them for a few seconds, right). Gold has some uses, true, but value is (as someone s

Intrinsic value is highly subjective. Paper money has about 0 (you can burn them for a few seconds, right). Gold has some uses, true, but value is (as someone said above) is simply created by demand. (Gold is worth zero if no one wants to buy gold. Its perceived intrinsic value can disappear (well, most of it) as soon as people stop thinking that its valuable. Of course, its very unlikely to happen, because we're programmed since childhood to think that gold is valuable.