Now we got crypocurrency, e-banking, e-money, and such. While fiat money is also in the verge of collapse, i think gold will fall faster eventually.
There might be a case to be made that the more abstract finance becomes, the more important it is that there's something with value that stands completely outside it.
As long as central banks and governments exist there'll be some sort of place for gold even if the public has zero desire. The next few decades will be a pretty surreal ride whatever happens.
Yes but ethereal money has also benefits, that are very attractive let's see:
-Civil forfeiture immune
-Semi-anonymous (your medical purchases, and kinky sex toy purchases are anonymous)
-Ultra fast transfer speed
-Ultra low transfer cost
-Bail-out & Bail-in immune
-Secure
-3rd party risk eliminated (unless you are stupid enough to keep all your btc in an online wallet)
-Opens up now Earning Money Opportunities
-New jobs, and new business opportunities
-Immaterial & easy to carry & no security/storage cost
-CAPITAL & BORDER CONTROL IMMUNE
-CENTRAL BANK MONEY PRINTING SCAM IMMUNE
-NO RACIAL,SEXUAL,RELIGIOUS, OR OTHER DISCRIMINATION HERE
ETC.
Now you see gold is very primitive VS these aspects.