You're either in or you're not."[Gold] gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head"
- Warren Buffett
Gold doesn't create wealth, and only generates a profit if somebody wants it more than you did when you bought it. It is in the production of goods and services and the assets that new wealth is created. Assets assets that produce goods and services have genuine value.