> Gold has an advantage of cryptocurrency in that you can actually store it.
The vast majority of gold investors are not physically storing it on their own property. Most invest through funds, derivatives, ETFs, etc. If civilization collapses to the point the Internet can no longer support a peer-to-peer network moving 1 MB every 10 minutes, then it's almost certainly the case that you won't be able to sell your GLD stock at NASDAQ.
The point being that while some gold investment demand may be as an armageddon hedge, the behavior of most investors is not consistent with that being the central driving factor. Ergo gold has utility as a store of value for macro conditions that fall short of civilization and the Internet collapses.
The vast majority of gold investors are not physically storing it on their own property. Most invest through funds, derivatives, ETFs, etc. If civilization collapses to the point the Internet can no longer support a peer-to-peer network moving 1 MB every 10 minutes, then it's almost certainly the case that you won't be able to sell your GLD stock at NASDAQ.
The point being that while some gold investment demand may be as an armageddon hedge, the behavior of most investors is not consistent with that being the central driving factor. Ergo gold has utility as a store of value for macro conditions that fall short of civilization and the Internet collapses.