Edit: Yes, you're also forgetting how cumbersome it is to transport gold, how to verify that it's real, how we live in a digital era and yet we're still being bogged down by a physical artifact to store/transport value and how if we'd have a futuristic mindset we would want something immaterial that may be future proof.
Also about the 500years thing, no i wouldn't actually trust that. Sorry to burst the bubble but gold hasn't been here that long in our hands compared to humans, and before gold we used other store of values or currencies. Many other civilizations held their value in their (then rare) tokens (see shell money, see Rai stones, (...), and all of them eventually lost all their value.
In this day and age, in 500 years i would be extremely surprised if humans, or super-humans, or human-AI hybrid, whatever, hadn't figure out how to make gold like we make a sandwich for breakfast. Gold (if still useful, and other much better materials haven't been developed by then) will be as common as Rai stones became when some cunning explorers decided to use their higher technology to transport them and make them total valueless to the tribes that used them to store value.
Gold will see it's "store of value" fate fade in not too long. It's just a matter of when. And don't get me wrong, BTC might too. I also can't imagine that in 500 years the encryption we have today won't be child's play for the future hyper-computers. But anyway, my point is that gold is nothing special in terms of store of value. We're just being bogged down right now for lack of technology, but that will come, just like it came to all the other tokens which eventually turned their value to almost 0.
Also about the 500years thing, no i wouldn't actually trust that. Sorry to burst the bubble but gold hasn't been here that long in our hands compared to humans, and before gold we used other store of values or currencies. Many other civilizations held their value in their (then rare) tokens (see shell money, see Rai stones, (...), and all of them eventually lost all their value.
In this day and age, in 500 years i would be extremely surprised if humans, or super-humans, or human-AI hybrid, whatever, hadn't figure out how to make gold like we make a sandwich for breakfast. Gold (if still useful, and other much better materials haven't been developed by then) will be as common as Rai stones became when some cunning explorers decided to use their higher technology to transport them and make them total valueless to the tribes that used them to store value.
Gold will see it's "store of value" fate fade in not too long. It's just a matter of when. And don't get me wrong, BTC might too. I also can't imagine that in 500 years the encryption we have today won't be child's play for the future hyper-computers. But anyway, my point is that gold is nothing special in terms of store of value. We're just being bogged down right now for lack of technology, but that will come, just like it came to all the other tokens which eventually turned their value to almost 0.