There aren't any more currencies backed by gold or silver - the dollar was the last one, and we got off the gold standard in the Nixon years. There really is no real "backing" to any national currency any more, except that the government declares it legal. It's just paper. Scary, IMO.
Ron Paul was actually advocating going back to a gold & silver backing when he was running for pres. I didn't vote for him, but looking back, I'd say he was right on money policy
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