Incorrect. Gold has industrial uses, the computer or smartphone you made your post on has quite a few gold contacts, because gold is immune to corrosion. Its use in electronics of all kinds is widespread.
Mining companies used to turn their noses up at anything assaying less than 20g/tonne of gold, now 5 g/tonne is profitable and they are reaching for 1-2 g/tonne.
They are doing that for a reason.
I have never lost money buying and selling gold, I am damn sure I could never say the same about crypto. IMO a Ponzi scheme, the proof of which is the number of scams surrounding it.
No one knows what will happen to bitcoin in a EMP event, I don't intend to find out the hard way.