You have explained nothing, you seem to be fixated on the word intrinsic, and refuse to discuss what it is. In fact you got this right in a previous post: Gold's utility value is pretty low and its current price is mostly speculative.
By refusing to use the tools of the trade (the words, in this case), you at the same time refuse insight. It is common, but bad.
"Intrinsic" has a meaning. If economists (or Aztec) misuse that word and then go on to act as if it meant what it actually meant, then of course wrong conclusions will be drawn. Are we really just going to accept conventional economics on this forum or look closer and seek the truth? First principles man...
How many legs does a dog have if you call the tail a leg?