I don't buy this. You take the rarity away and make it as common as a common metal you still have:

1. A soft metal (not all are)

2. A high conductor of electrical current

2 will be sought after more and more and more in our age.

It's really not that I care about it being some thing that rappers can put in their teeth but more that it has a use.

I fully acknowledge that having more of it would devalue it, but it's not valued solely on its rarity.

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Well, maybe I should have been more precise with my language, its not based *solely* on its industrial use cases. It will always have value for the reasons you outlined, that seems like a guarantee. Though, how much faster is it extracted today than it is used in those industrial use cases? (I acknowledge that gold production would slow and gold use would increase in that hypothetical, but the value would still be far lower than today)