Gold's industrial uses are irrelevant and play little part in its value. Its fundamental value comes from its physical properties which make it uniquely suitable for use as money. Gold is wealth and has been for 5000 years. Its intrinsic value is whatever price you need to cover the world's wealth.

Gold is different from Bitcoin because it has fundamental value. Bitcoin only has speculative value but like all speculative bubbles it will eventually pop.

Gold's industrial uses are irrelevant and play little part in its value. Its fundamental value comes from its physical properties which make it uniquely suitable for use as money. Gold is wealth and has been for 5000 years. Its intrinsic value is whatever price you need to cover the world's wealth. It's currently vastly undervalued but looking at what's going on in the metals markets that may be about to change as the bullion banks' paper derivatives scheme comes crashing down.

Gold is different from Bitcoin because it has fundamental value. Bitcoin only has speculative value but like all speculative bubbles it will eventually pop.