Does gold have innate value? If nobody liked gold tomorrow, would it be worthless?

It seems as if gold is held up as some great standard, but why? If tomorrow, gold was thought of as ugly to wear or display, would it be almost worthless? I know it's used in some other ways, such as electrical (i think) but if it wasn't seen as beautiful for whatever reason, would it be next to... show more It seems as if gold is held up as some great standard, but why?

If tomorrow, gold was thought of as ugly to wear or display, would it be almost worthless?

I know it's used in some other ways, such as electrical (i think) but if it wasn't seen as beautiful for whatever reason, would it be next to worthless?

Can anyone enlighten me?
Update: What does this say about Fort Knox?
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