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That is the non idiotic thing about gold, since it is not fiat, is not easy to produce, and it is easy to verify, it can be used as a currency in less stable times/places. It’s a redundancy. Perhaps bitcoin satisfies many of these properties without the high costs to secure and move gold, but it needs electricity and a network?

https://www.macrotrends.net/1335/dollar-vs-gold-comparison-l...

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Gold is a fiat currency because it has no inherent value.

That is not what fiat currency means.

https://en.wikipedia.org/wiki/Fiat_money


Gold has a lot of material uses, eg computer chips and other electrical equipment for starters.



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