What was gold's inherent value to industry prior to 1930 or so? The fact that gold now has industrial uses makes it less suitable as money or a store of wealth

What was gold's inherent value to industry prior to 1930 or so? The fact that gold now has industrial uses makes it less suitable as money or a store of wealth than it had been for thousands of years, because saving/hoarding/speculating artificially reduces supply and increases its cost. I can grant that people might be more trusting of bitcoin if it had some kind of intrinsic value to insure against collapsing 100%, but realistically it wouldn't be more than a tiny fraction of the market value, anyway. And as with gold, those other applications would be more expensive than they ought to be.