A couple of things: Gold only has value because we think it does. While silver and platinum are industrial metals and therefore have real intrinsic value, gold does not. It only has a tradition of value. Currencies "backed and guaranteed by a real country" have no intrinsic value other than the fact that you can later use them as toilet paper, hence the interest in alternatives like gold and BTC. Every currency that ever existed either sank, or is currently sinking, to zero. Any asset can sink. That's why we diversify. People talk as if the only options are to go all-in or stay out completely. That's just not how investing works. Other than that, totally agree.