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The infiltrating russian mercenaries in Africa have been deceiving their friends that gold is important, going to the extent of ridiculous propaganda that they discovered trillions of reserves in Uganda. Gold, just like dollar or cowries collected from grass are all fiat. Metal standard was just for keeping the easier printing process in line with lesser economic activity by restricting it to the harder mining process. Real value is based in economic activity https://www.cambridge.org/core/elements/can-brics-dedollarize-the-global-financial-system/0AEF98D2F232072409E9556620AE09B0#
cambridge.org
Can BRICS De-dollarize the Global Financial System?
Cambridge Core - Economics: General Interest - Can BRICS De-dollarize the Global Financial System?