[AareyBaba]

Indian households have the largest private gold holdings in the world, standing at an estimated 24,000 metric tons. That figure surpasses the combined official gold reserves of the United States, Germany, Italy, France, China and Russia.

So you'll have to convince a billion+ humans that gold is only worth it value as a metal before it loses 99.9% of it's value.

[gfodor]

I never claimed to think this will happen, I was stating that the "floor" on gold is very low if it did happen as per the OP.