Or gold? It's only priced so high because people will accept it. If they won't, the price will crash. While it has industrial uses, they don't justify the high price.
It has more than industrial use. It's the most precious monetary metal for a reason, and that's based on its many valuable properties (malleability, beauty, non-tarnishing, non-rusting, etc.) combined with its rarity. It's the "perfect storm" metal. You need to study up a little. A great book on the subject is available free online titled "What Has The Government Done To Our Money."
