The Republicans and Donald Trump seem set on establishing a strategic crypto reserve. They are claiming this will somehow be an important source of economic security for the country. It’s clear that establishing the reserve will be an important way to give tens of billions of dollars to Donald Trump’s campaign contributors, but it is much harder to see how it will provide any economic security to the country.
Gold coins have no value other than scarcity either. if they weren’t hoarded, their price as a industrial metal would probably drop 90%
Your second sentence contradicts your first. gold has a base value and is overvalued. Just like real estate but it requires no upkeep cost which is what can cause real estate to have negative value. currencies have no base value or a value of zero. So the thing with precious metals is when the house of cards falls it still retains some value.