It’s funny but the undoing of the gold is superior argument is “it has utility in industrial use” That’s a bug not a feature of money Whole problem of Real estate or stocks as monetary assets against inflation is they have usage and valuation concerns If you rerate gold you have to factor that now those gold prices impact smartphone/computers/advanced tech/medical/defence/aerospace etc I talk about this alot because there is so much follow on impacts that need to be considered - even while bullish gold it has limitations in how much liquidity it can absorb - it can’t just go to 10-20-40k without causing issues Pre modern tech gold was not needed in industrial use it was jewellery/decorations/coinage etc With modern tech/internet/travel(freedom) etc gold is not the gold it use to be