Holliday argued that in the coming years, a whole host of new industrial and medical uses for gold will emerge from research laboratories, based on gold's unique technical properties.
"Overall medical use is never going to be a driver or a mainstay of gold demand. But it's going to punch above its weight because of the stories it can tell," he said.
"I think people want to hear those stories: when they are investing in gold or buying a piece of jewelry, the magic of gold isn't just about its value and beauty and history in those area, it's also about its elemental qualities, amazing properties as well."...
You don't have to be a Zone head to imagine the possibility of gold being manufactured cheaply at some point in the distant future. The realization of that possibility, I aver, is the only development that would make a gold standard obsolete. Gold would no longer be valuable enough to serve as money.
Here's the funny part: if gold becomes as cheap as copper, it's so-called "intrinsic value" would increase markedly. A lot of uses for gold, impossible now because of gold's expensiveness, would become economical.
I'll leave that supposed paradox of intrinsic value hanging, as it's long been solved.