“...It has no utility...”
There are lots of industrial uses for gold. It gets priced out of manys uses that would be picked up if its price started falling and this would act as a net if precious metal prices fell decisively.
Even in modern dentistry gold crowns are still better than synthetics in durability and being easy on the opposing tooth.
Very true. The metals gold and silver have industrial uses which the anti-gold, pro-stock market salesmen fail lie and say it has no value because it has no use.