High gold prices make it less so
Also some cultures have traditions of buying jewlry, like
Which will all get melted down and sold when the price of gold gets to a certain point...
Well, in the short term gold will keep going up. As for its fractionability, isn't it what makes a currency valuable in the long term? Last but not least, if a product needs gold, it's all a matter of industrial use and regulations. Gold is used in electornics mildly for now, but platinum is a strategic and environmental industry metal virtualy helping making oxygen, and its price is not going to come down any time soon as a result. The day someone finds an industrial use for gold, which is coming, is the day it's going to litteraly strike gold. Gold has its valuable virtues as a metal and there's not enough of it.