Gold is obsolete money. Will never be used as money again. Gold is only valuable for its utility.
Gold is valuable and will continue to be valuable because people remember it to be valuable. It's part of our culture. There
will always be this. Utility be damned. Idiots with disposable income will always exist, as will enterprising individuals willing to sell them worthless(?) shiny shit.
Now if only we could cover Ferraris with bitcoins.