DiggerUK

Gold Prices: Little Correlation with Its Utility

You seem perplexed why people invest in gold when a 2/3 of it is used in jewelry.
What you fail to understand is that in many areas of the world you can only hold gold in the form of jewelry. When you buy the jewelry it is by weight that you pay.
This is how they store their savings with confidence.
It's utility is as a store of value, just like your silver.