06-21-2024, 03:59 PM
No, unfortunately there's no Fiat currency that's currently being backed by Gold or Silver. Fiat money is a government-issued currency that is not backed by a commodity such as gold. The central banks have greater control over the economy because they can control how much money is printed. I don't think there's ever going to be a chance of any Fiat currency to be backed by commodities like Gold or Silver in the future.