But when you stop to think about it, that holds true for just about anything, including precious metals. Perception defines value just as much as anything else.
Precious metals have a significant number of industrial uses, have 10k+ years of history as a store of value, are pretty in jewelry, and can physical be held and thus subject to less risk of being effectively destroyed by the government in one fell swoop. You can argue exactly where they should put precious metals value but saying there is no real value simply isn’t true. Palladium’s price is nearly entirely from its industrial usage for example.
“But when you stop to think about it, that holds true for just about anything, including precious metals.”
The precious metals have real values!