[netsharc]

> Gold is a pretty, shiny rock and rich people like pretty, shiny things so they can display their superiority to no-gold-having proles. Just about everybody on the planet knows gold is highly valuable.

But isn't this all based on belief? What if you break the spell? During the Dutch Tulip Mania you could've replaced "gold" with "tulip" and changed a few adjectives and it was the same until the spell broke... I don't see the difference to Bitcoin, GME, or TSLA, "I'm going to hoard this because tomorrow (for an infinite amount of tomorrows) someone else will want to buy it at a higher price!".

Yeah yeah yeah, gold can also be used for technology (e.g. as a non-reactive metal), but copper is useful in technology too...

Sheep is probably a better thing to own. You can eat it, or you can take its wool to make clothes to keep yourself warm. You can't eat gold.

[estimator7292]

Gold has been used as a store of value for bascially all of recorded human civilization.

Sheep get sick and die, and you have to feed them.

[netsharc]

Civilization has had a habitable planet for the entirity of its run. When food and water are scarce, what good will metal do?

Yeah, when food and water are scarce, rearing sheep will be hard too.

[olyjohn]

Also what are you going to do when your tiny gold coin is worth thousands of dollars? Shave off tiny flakes of it and trade it for eggs?

[netsharc]

You could write on a piece of paper that says you promise to give the bearer of that paper gold of the equivalent value..