Ask the average person on the street what backs the dollar. A majority of them will tell you gold.
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I've asked plenty! Not on the street, but places that i visit. None know for certain and many just say that it "used to be backed by gold". Most just think that money is money and that we have to find a better one. Many are looking into the real estate and crypto market, atm. That almost always leads to them finding bitcoin. They are not oblivious to the fact that bitcoin has outpaced gold in the past five years. They observe very well. They're open to suggestions.
speaking of which, I saw this gold coin at the Perth Mint yesterday. 1012 kg 99.99% pure with a face value of $1M AUD, and gold value of ca. $200M AUD. By my rough calcs that is ca. $30 USD/oz face value. FDR would love it...then confiscate it. 
