Why is gold viewed as a tangible store of value?

For weeks now, thousands of Sydneysiders have queued for up to hours at a time, hoping to cash in on the soaring price of gold. Investors view the precious metal as a safe haven during times of economic uncertainty and despite fluctuating prices, gold is having its biggest rally since the 1970s. Economics editor Patrick Commins joins Reged Ahmad to break down what ‘gold fomo’ says about the state of the global economy