[ClumsyPilot]

>"[for gold] there's a fundamental underlying value"

The fundamental value for it's technical applications is probably < 1/10 of it's real value.

If people wake up tomorrow and stop using it as reserves/ investment /savings, you would loose virtually all your money, down to a few percent. So yeah, that 5% or whatever of value is secure, but how nuch does that help?

Timber is obviously not a usefull store of value because it does not last, it is not fungiable, is expensive to store - imagine 100 million dollars worth of timber, and you would store that.

[eloff]

I think this took a wrong turn. I don't aim to defend gold a store of value. It's not clear what its value would be if people stopped using it as a financial instrument, and I always advise people not to buy gold.

My point was that tangible commodities do have at least some intrinsic value, as opposed to digital commodities like cryptocurrencies.