as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
how is gold shared in worldwide economies?
user
money is no longer backed by gold. it's backed by the faith and credit of the issuing government. a new country,say, will first trade goods for dollars or other currency, so its ownership of gold is irrelevant. its currency will trade at a value based on supply/demand for that currency. if it's an unstable currency, inflating too quickly, the exchange rate will reflect that as well.  more than that your question kind of mixes a number of issues, loosely related. first is the gold question, second, the question of currency exchange rates and they are derived, with an example of a new country. both interesting, but distinct processes.
assistant