Gold is a mostly useless metal, which has magical properties and sparks irrational desire to own. So long as irrationality rules, Gold will have value. Since this irrational obsession with soft shiny metal has lasted for thousands of years, one could expect it will last a thousand more.
On the other hand, as someone said, the bubble is biggest before it bursts.
Gold has the unqiue property of being the best item to be used as “money” although silver would be a close second.
This has been the case for the last five thousand years.
When the American dollar becomes worthless because of hyperinflation (printing way too many of them) you might appreciate the value of gold and silver.