You know what's even better than goldbacks?? Gold shot/grain or silver shot / grain.. That's what I started with so I have very small fractional gold and silver without the premium..

Absolute waste of money as we move towards a increasingly cashless world.

I'd rather have the gold and not some film of embedded gold that you cannot appreciate.

I love the concept of Goldbacks. For a shtf situation, I think they make more sense than silver or gold coins which have been heavily counterfeited. What is the premium on a $100 bill? As it's worth about 3% of what it once was, is it 97%? Pretty steep. I have some of these and verified I could spend 'em in and around NH (by doing it). They've gone up in value (exchange rate), albeit slowly, are easily added to the safe, highly transportable. Intend to get more.

Gold Bucks? no wonder your confused bro.

I actually don't have any of these. However i want to start collecting them. They are beautiful this might be a good way to barter if the US dollar is worthless. Or if you don't want to be tracked taxes and whatnot.

Yes

UPMA Stands for: United Precious Metals Association. If you have an existing stack, you can deposit. And barrow against it. gain interest at 2% - 3.5 % plus or minus the market. It’s genius. As far as gold backs go here’s my plan: physically hold the ones I believe will be collectible. Trade in my existing gold stack too UPMA and start “Vaulting” in precious metals, instead of banking in cash.

Me personally I will not buy anywhere near an ounce or ever buy any denomination of goldback higher than 1 because the premium is too much for right now. When they start producing millions more and it gets so low then I'll buy bulk goldbacks.

You make it sound as if the only thing to buy is 1 oz coins. Do you then tell people to ONLY buy 1oz coins and ignore the smaller coins because of the premium? This completely ignores there are larger and larger premiums the smaller the coin so they are not exempt from high premiums yet goldbacks are reamed for having them even though they are even smaller which logic would dictate the premium continues to go up. And how would you spend such denominations from 1/10th oz(currently $320) on up to 1 oz? Are you going to shave off flecks of gold? Are you going to get 15 haircuts at one time for 1/10th of an ounce? What about people that can't afford $2000? And yes, I know there is silver but your comparison is goldback vs 1oz premiums so we are sticking with gold. What if they don't have even $300? At least with goldbacks they can buy SMALL and USEABLE denominations, say $50/ month. At least this gets people of lower economic means into gold and don't we want that to spread? The concept of sound money. Why chase people away? This is even completely ignoring that for the most part that premium follows from transaction to transaction so you are losing nothing. It definitely does in the 5 states it is issued and with businesses that display the goldback signs. i.e. As of right now, in one of those states, 1GB will get you about $5 worth of goods or services. In other states, many(definitely not a majority yet) will accept the dollar value premium not just the melt value once you talk to them and show them the website and how GBs work. -What is the melt value of copper in your alternator? Do you tell the auto parts store that is a high premium for only a few dollars of copper or are you paying for the utility? -What is the melt value of the dollar? -A $100 dollar bill costs 8 cents to make yet no one complains about that premium and that value has been going down since 1913 and continues today while gold buys the same.

Buy an ounce of gold and trade it in for godbacks

you're smart for buying goldbacks, definitely not an idiot

Your a fool for trading goldbacks for gold....goldbacks are much more valuable than gold. If you trade...you lost a lot of money.

I mean it a new technology, and might be a alternative to coins.

Cool does count for something. Buy gold coins. Then you really got something

So many other things to buy. You can't authentic them no ping no weight

Sup man?no more videos?you good?

Yes I would not buy them but I'm in Canada though....

You have to be a pioneer to buy these with faith. A lot of pioneers got shot by Indians. Hope it works out, I will watch from the sidelines.

I prefer them to worthless paper that corrupt governments print at will

The premiums matter to those saying it doesn’t. Sorry but they do. Because the second people choose to stop giving you the premium, it’s useless. Also there is ZERO justification that each denomination is 2x the worth. If manufacturing the 1/1000 cost $4.50 (roughly) covers the gold, process, profit, AND profit of the companies they sell through, there’s ZERO way the labor is linear just based on the gold count. There’s no reason it’s only $2 mark up removing the gold worth (roughly) for a 1/1000 but is magically $110 markup for a 50/1000. There is ZERO justification, the labor cost is not $108 more per bill.

You are missing the point completely. A Goldback is money. It's money because I say it's money. And if you say it's money, then we agree. It's money.

I'm going to my first coin show today, wish me luck!

How do you authentic a gold back? Just a whole lot of trust

gold bucks 🥇 is only good trading 10years after its purchase value....

I love goldbacks because when folks are buying them, it leaves the REAL gold more available to actual stackers!

I think you answered your own question. 🤣

Holdbacks are currency. You are not supposed to stack them. You supposed to use them to put them in circulation. You don’t buy other currencies to stack them you buy them to use them.

Jewlery has 700x premium . Gb has zero premium it has exchange rate above spot associated to cost of production as is with any fractional . Bullion has premiums you loose when you sell

I would absolutely love to have 1 of each state and size and make a custom frame for them but i definitely won't be stacking or getting them to use, especially since im not in a area that would accept them as payment.

Whenever I feel dumb for buying tenth oz coins, I am going to come here and watch the guy who is throwing 1.4 tenth oz coins in the trash for every 100 Goldbacks he buys.

They stop at 50 why.

No, you're not stupid. Keep buying them. They will be our next currency.

1000 gold bucks... you have 59 .059 troy ounce

I hope they somehow take off but I'm not expecting them to. Having said that I'd like to own a full set of each because I think they're cool.

Fools gold I rather buy gold or silver bars, sod this

You looked into them and still don't have a clue.

Perhaps we can step back, and really discuss WHY there is such a value for gold… As the great Ron Paul said, “gold isn’t $2000/oz., the dollar is 1/2000 an ounce of gold. Certified Gold in any form will always have value. That being said, if it’s fractional currency you’re looking for, 90% silver is much more logical. An old Washington quarter is $3.50 of silver. A mercury dime is $1.75. A half dollar is around $7, and silver dollars hold around $18.00 in value. I could carry a pocketful of old silver coins and have a powerful spending position at fractions.

ents 174 Add a comment... @redshifts 6 months ago For those that get hung up on the premiums of the Goldback a little understanding is needed as you actually NEVER loose on the premium. This money is meant to be SPENT not SOLD. My last batch of GB's I bought for $3.66 the current exchange rate is about $4.00. This is hyper fractional gold that is meant to be spent. Goldbacks are a sound money and are meant to be circulated. There is a place for everything in a diversified portfolio. If we stay on the topic of premiums if you were to buy a 1oz. gold coin you pay a premium when you buy them and when you sell them. That said they have a place and should be part of everyones stacking goals.A lot of concern about CBDC's and Fiat currency and inflation but when shown an alternative they scoff. Just my .02. GB's are simply an alternative and the premiums are high but they are all recoverable. Spend them! Read more 22 11 Show more replies @kgak1008 1 minute ago You're kind of thinking about it in the wrong manner goldbacks do carry value obviously I don't think you should be buying them for their gold value alone gold backs are both money and currency they're a store of value and currency which is transactional the premium on goldbacks is actually the same as it is on gold coins because of their Redemption value so in my opinion gold backs are a great product to buy as well as gold silver and platinum, stocks, crypto and so on they're very competitively priced you can't look at them in one dimension because they're a multipurpose product in the fact that they carry a set gold value and also a circulation value as well as a Redemption value a one gold back note has $2 in Gold but redeems for $3.70 currently in cash

What matters is the that people are accepting them at the average market price. If you buy them through Alpine Gold (UMPA) you can generally get them just below average. The premium is based off the cost of manufacturing them. Just as if i where to buy a steel rod, you'll pay more than the spot of iron. As the iron has to be manufactured and worked to it's current form. And if you need a rod a clump of iron is not acceptable alternative. As for people complaining about. To my knowledge Goldbacks are the only modern gold products to build any sort of business network.

Missing the point. A gold back is worth what its worth and youre paying for spending power. In a shtf scenario when the dollar fails and the gov is tracking every cent through digital currency you can't or would be stupid to buy a cup of coffee with a gold coin. I'll buy all your singles happily. I'm not. Looking to get a spot ounce of gold. This is a smart hedge against a failing economy when brics nations are backing currency with gold. I'll gladly buy all your one dollar goldbacks. Youre not an idiot or buying them...youre an idiot for selling them!

Thanks for the math.

They are difficult to sell in my personal experience

Great content thank you.

Stack Goldbacks? Rather stack monopoly money.

Do you pay a premium for dollars? No. So why should you pay a premium for Goldbacks?

You could buy a lot more gold for a lot less money than when you buy goldbacks. I think it's just a way to turn $2,000 of gold into $4,000. Yes you are an idiot for buying goldbacks.

Great name, I love Scottsdale mint. New sub , great video👍🏻👍🏻

Watching from South Africa hope international fans are included in giveaways in the near future road to 500🇿🇦🇿🇦

You should seriously take this video down. The real reason you buy gold backs is for the fractional value. Premiums do go up as you stated. But saying that you would trade in your gold backs for fractional gold is completely retarded. 0 I like your channel, I don't want to see you lose subscribers. I would really take this video down.