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One of the "good" things the gold people say we'd get if the paper money was "backed" by gold is that the government couldn't print more money than they can support. Of course since most of the money changing hands already isn't printed by the government because it's not exchanged in that form (insteads it's a check, or credit card, or debit card, or EFT which in the end is what the other 3 wind up being anyway) then this whole "backing" concept is post dated and silly. And once cash is gone completely there won't be anything left for them to demand it be backed. Which, of course, is how things have always been. The only thing that ever "backed" gold was that people wanted it, which is the same thing that has backed and will continue to back every form of currency ever: acceptance as currency.