Based on the points made by @PeterSchiff in his latest debate with @Breedlove22, the reason #gold has value is because someone out there can and will want to turn it into jewelry to sell it.

In other words, gold has value because of clout-chasing people who want to wear jewellery.

All that, while only ~10% of gold's market cap is represented by it's use in industry, while the other ~90% is monetary premium.

This guy makes some absolutely absurd claims and there are plenty of people out there who take him seriously 🤡🌍