I'm not saying they're a bad investment, I just don't understand how a value is applied to them. How is a value applied to gold? For its industrial usage in electronics? Jewelry? I know they've been used for thousands of years, but who determines they're worth? If I decide gold isn't worth being used for jewelry because the only thing worth getting is a watch, do I get to decide on its price?
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But who ideally would decide on the value of precious metals? The People as a whole being the marketplace? For its uses in every day life?
Yes, exactly. Just as we have for thousands of years prior. They have always carried value. The YT link goes over the historical value and explains exactly why it's been valued by society.
Nobody knows what exactly our monetary system will look like after The Great Awakening occurs. But the US was on a gold/silver standard at the birth of our nation, so it's worked very well in the past.
In the event of a total societal collapse or "Mad Max" style scenario, yeah, metals probably won't be worth much over, say, weapons and food - basics we need to survive.