Is jewelry valuable because it's made of gold, or is gold valuable because you can use it to make jewelry?
You could make a necklace from copper, but it wouldn't be as valuable as the gold necklace because gold is scarce.
Most people who own gold, hold it because they want to wear it??? Have you ever heard of the federal reserve? What about the trillions invested in gold on wall street? Besides that, I would rock a bitcoin chain any day of the week!