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

Why does gold have value?
A lot of people probably don't agree with him, but Warren Buffett has some great quotes on why he doesn't invest in gold: I will say this about gold. If you took all the gold in the world, it   would roughly make a cube 67 feet on a side…Now for that same cube of   gold, it would be worth at today’s market prices about $7 trillion   dollars – that’s probably about a third of the value of all the stocks   in the United States…For $7 trillion dollars…you could have all the   farmland in the United States, you could have about seven Exxon   Mobils, and you could have a trillion dollars of walking-around   money…And if you offered me the choice of looking at some 67 foot cube   of gold and looking at it all day, and you know me touching it and   fondling it occasionally…Call me crazy, but I’ll take the farmland and   the Exxon Mobils. And his classic quote: [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.