The same argument applies to every dollar in your wallet, it produces nothing, manufactures nothing, and generates zero cash flow, yet nobody calls currency useless because we understand its function is monetary, not productive. Gold is not competing with businesses or factories, it is competing with currencies and sovereign bonds, and on that scorecard the comparison is devastating, the dollar has lost 99% of its value against gold since 1971, while gold has compounded at roughly 8% annually over the same period with zero counterparty risk, no management fees, no earnings manipulation, and no bankruptcy risk. The "greater fool" argument also falls apart under scrutiny, because gold has had a willing buyer for 5,000 years across every civilization, every monetary system, and every geopolitical order that has ever existed, which is a longer track record of liquidity than any stock exchange, any currency, or any government bond market in human history, and right now 95% of central banks, the most sophisticated balance sheet managers on earth, expect to increase their gold reserves in 2026. So calling it useless puts you in direct intellectual conflict with the people who actually understand systemic monetary risk better than anyone.