[starcraft2wol]

This is simply mentally reclassifying "consumers" outside the category of investors.

The argument for crypto, etc is the same. There are consumers who want to make purchases, use contracts, etc.

[robertlagrant]

No, it's saying that gold has value as a commodity as well as a currency. You can't melt down a bitcoin and sell it as jewellery.

[starcraft2wol]

The commodity use of gold is very minor. It's liked in jewelry not for its utility, but its prestige. So once again gold jewelry holders look an awful lot like investors. Just like how ETH enthusiasts do, even if they also use it to perform tasks with smart contracts.