It’s not used for day-to-day transactions, but gold is still treated as a currency on the international level by nations that hold large strategic reserves. T

It’s not used for day-to-day transactions, but gold is still treated as a currency on the international level by nations that hold large strategic reserves. The only reason they hold so much is that it still retains value as a currency. The way things currently stand, if the fiat system falls apart, we’ll revert to gold. It’s the only viable alternative. Crypto might take over that role someday, in some form, but it has a long way to go.