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That's a moot point, Gold actual usage has no relation with its usage as a store of value. It's used as a store of value because it's shiny and people associates it with "value".

Think: why are diamonds so expensive?

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Maybe I don’t follow you but if more than half of gold use is jewelry then it seems the use has a lot to do with it’s value. People trade gold on top of that but it’s linked to use. If jewelry demand dropped 98% it would surely affect the price of gold.

> half of gold use is jewelry

uh, no that's not true. I bet there's more bitcoin being used to buy drugs than gold being used in jewelry

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