>Gold is not controlled by a government, but it's a poor currency given its physical characteristics, although it has been used as a common currency in the past

>Gold is not controlled by a government, but it's a poor currency given its physical characteristics, although it has been used as a common currency in the past. It still is used as a currency, particularly in Islamic parts of the world. https://en.wikipedia.org/wiki/Modern_gold_dinar https://en.wikipedia.org/wiki/Modern_gold_dinar