Fair point. Wish the Bitcoiners who hold gold would realize this. They might be making fiat money from holding gold - but they are propping up the banks… typical boomer ignorance. They just push their problems onto their children and the future generations because they are scared of change.
Not my point….
It doesn’t eliminate fiat. Central banks are the largest holders of gold in the world. When you hold it - you are supporting them and not rejecting fiat money. You are simply taking a slight detour for the goal of more fiat money…
You should maybe look up what fiat actually means.
Gold is a resource, it has value beyond means of exchange, it is not a debt token.
Fiat is debt tokens.