Fiat currency is not backed by gold, in fact, it is not backed by anything. Also, gold is not inherently valuable. It will become a regular common metal once w

Fiat currency is not backed by gold, in fact, it is not backed by anything. Also, gold is not inherently valuable. It will become a regular common metal once we shift extraction to the asteroid belt. The truth is there really isn't much with "inherent" value out there, with the notable exception of potential energy.