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Another view is that Gold is worthless because it doesn't do anything except look pretty. This view seems pretty wrong to me since it's based on an implicit assumption that doing stuff is worth more than doing nothing.

While this has been true at times (e.g. during the Great Depression people just didn't have anything to do, no way to coordinate, no wars to fight for gold.) it seems pretty obvious that sometimes we should stop doing some stuff.

Ever play a game where you character go become invincible or "phase out" for a second or so? Usually a move to dodge an attack. Gold is like this, it's a way to prevent being affected by Stuff.

Gold can be thought of as a "Carry Trade", borrowing at low interest rates to invest at higher returns. Ironically this is similar to Warren Buffet's trading methodology of massive leveraged capital deployment investing in super solid companies. (link?)

Buffet doesn't need gold as long as there are Obviously Good Buys. If gold is like putting your wealth into stasis, Buffet's strategy is like turning wealth into a literal haven like a house, or a soybean farm. Something people *need*.

(Possible side thread here where despite physical safety people are "dying" due to loneliness and lack of psychic safety. Physical haven vs spiritual haven. Gold as Jesus, Bitcoin as the new messiah.)

There's a difference here between a Haven and a Crisis asset. A crisis asset is like Guns... stuff that goes up in value when you expect shit to hit the fan. A Haven doesn't necessarily expect to fight. It tries to weather the storm, not create a new world order.

A haven asset eventually plans to flow back into a higher yield expansionary asset (like shares in the kingdom) once the bullshit is over. (e.g. price discovery is broken)