Some would say undervalued because of "paper gold" but maybe it's valued exactly the price society deserves, since paper versions of assets always lead to negative incentives?
Discussion
I could see Bitcoin stealing a lot of demand from gold as it may be a superior store of value. But I think gold will continue to be an insurance policy and maintain a monetary role. It will always be around and have good monetary properties. It will be interesting to see how it will be valued as a consumer good moving forward. Iām not sure the next generations will value gold in the same way as previous ones.