Gold and silver do have a certain value because of their use in modern electronics. Silver is actually a better conductor than gold but it tarnishes much easier, so gold is what ids used for connections in computer equipment and other electronic applications. It may be considered a strategic metal in that respect.
The only gold that could be considered to be valuable to the collector or investor is the gold that they can physically hold and have in their possession. Paper gold is just an illusion, much like fiat money. If you can't hold it, there's no proof that it exists.
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