[ro-_-b]

I don't believe that gold is predominantly used for practical use cases. The majority of people keep it stored somewhere in a vault. And yet it provided a good store of value over thousands of years due to its scarcity. Oil indeed has practical uses and is therefore mostly compared to Ethereum and not BTC

[gpresot]

Actually, roughly 55% of annual demand is for "practical" uses: jewellery and industrial products. The remainder for storing in vaults (by investors or central banks). https://www.statista.com/statistics/299609/gold-demand-by-in...