[biosurfer1]

Originally Posted by Roswell

Yep, there are literally hundreds of manufacturing processes that require gold. use an iPhone? Its got gold in it. https://www.usgoldbureau.com/news/golden-apple-40-million-worth-of-precious-metals

And does that utility justify the price of gold, or is it because that vast majority is held as a store of value, with those people holding it hoping to will be worth more in the future?

I'd argue the latter, which according to this thread, is the definition of a MLM.