"I don't believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can't take it violently out of the hands of government, all we can do is by some sly roundabout way introduce something that they can't stop." - F.A. Hayek 1984
I think the issue is that gold is way overhyped. Its actual value is pretty low, even aluminium is more industry-critical than gold…
An issue with things in general these days is them being super over-hyped, lol.
Gold was overhyped before it was cool though, which makes it the most hipster of metals 😎