The global economy would be significantly smaller if gold did not exist. Gold is used as a reserve currency by many central banks, and it is also used to back the value of many currencies. Without gold, there would be less trust in the global financial system, and this would lead to a decrease in economic activity.
Gold is also used in a wide variety of industries, including jewelry, electronics, and dentistry. Without gold, these industries would have to find alternative materials, which would likely be more expensive and less durable.
The lack of gold would also have a significant impact on culture and society. Gold has been used for centuries to create beautiful works of art and jewelry. It is also used in religious ceremonies and rituals. Without gold, these cultural and social traditions would be lost.
In conclusion, the world would be a very different place if gold did not exist. It would be a less wealthy, less stable, and less beautiful place.