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.