The Gold itself will always hold 'value' as a shiney metal, but the bigger problem comes from trying to utilise that value.
It is heavy & difficult to transport.
And when held in another countries vaults, who are opposed to a nation state having it's own Petro Crypto currency, after sanctions forced huge inflation onto it's fiat currency, one has to ask what is democracy & who are the banking cartel.
https://www.newsbtc.com/2019/01/25/venezuela-bitcoin-important/