> If everyone in the world decided tomorrow to stop investing in gold, you could still sell any gold you had for an amount based on its utility. The worth of t

> If everyone in the world decided tomorrow to stop investing in gold, you could still sell any gold you had for an amount based on its utility. The worth of that guarantee depends on what that amount is. If the utility-based price is 1% of the price I paid for the gold, then I'm still ruined; it might as well be 0%.