So some of the conspiracy theories have some merit to them. If the government lies about this, they could lie about other things too. The thing that I would like to know is if the currencies of other nations such as euro, yen, or pound are backed by gold reserves or not. Is there any currency in the world that has a gold backing you know about? For instance, steem here has inherent value since it is not just printed by a federal reserve or any other entity much like Bitcoin which is created by mining. These currencies have inherent value. they are not just a piece of paper or a bit that anyone can just create or print. I think the currency should be just like a product based on which you can exchange other stuff. What do you think?