Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

What intrinsic, non-monetary value does gold have as a commodity?
Gold has no "intrinsic" value. None whatsoever.  This is because "value" is a subjective term. "Intrinsic value" makes just as much sense as a "cat dog" animal. "Dog" and "cat" are referring to two mutually exclusive animals, therefore a "cat dog" is a nonsensical term. Intrinsic Value:  "The actual value of a company or an asset based on an underlying perception of its true value ..."  Intrinsic value is perceived, which means it is worth whatever you, or a group of people, think it is. Intrinsic value has nothing, I repeat, absolutely nothing, to do with anything that exists in reality.  The most obvious example of this is the purchase of a copy-right. You are assigning an intrinsic value to a copy-right by purchasing it. However, when you purchase a copy-right you are not buying ink on a page, you are purchasing an idea. Someone's imaginings that, for all intensive purposes, doesn't even exist in reality! By definition, things that do not exist do not have "intrinsic" properties - because things that don't exist, don't have any natural properties at all. "Intrinsic" according to Websters Dictionary:  "Belonging to the essential nature or constitution of a thing ... (the intrinsic brightness of a star)."  An intrinsic property of an object is something we know that exists because it is a natural property of that object. Suns emit light, we know this because we can measure the light coming from it. It is not subjective. "Intrinsic Value" is the OPPOSITE of "Intrinsic"