There is no such thing as “fiat” currency. Currency values are determined by what it can purchase. Currency is more a “faith” currency than a “fiat” currency.
Money supplies cannot be held static without being a drag on economic expansion. Gold supplies cannot expand rapidly enough to foster growth and not to do so would be politically impossible anywhere in the world.
Can you imagine using gold to pay a ten dollar bet? Would be about 135th of an ounce. Unless you are considering paying with gold dust or beads of gold, the idea is ridiculous.
They day of gold and silver as a monetary base is over never to return.
Yes just paper the Fed prints at leisure to interfere in the economic progress. That it would retard growth is a bankster lie.