$1 Million - GOLD COINS VS. GOLDBACKS

In this video I show off 1 Million Dollars in gold coins and 1 million dollars in Goldbacks and I talk about the differences between them. The gold coins in the video are American Gold Eagles and at the time of filming they were worth approx. $1 Million. The massive pile of Goldbacks show in the video also had an approx. value of $1 Million at the time of filming. Goldbacks are supposed to be used for barter and they are made out of pure gold. Gold coins are great for anyone wanting to invest in gold or anyone wanting to stack physical gold. Goldbacks are great for anyone who wants to use physical gold as a currency or for anyone who is prepping for SHTF. I personally own Gold Coins and Goldbacks in my stack and I am happy that I purchased them. Below is my video explainging what Goldbacks are in more detail:
GOLDBACKS - Should YOU Be Buying The Goldback?
• GOLDBACKS - Should YOU...
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Topics I cover in this video: Goldbacks, Goldback, gold coins, gold coin, gold coins vs Goldbacks, Goldbacks vs gold coins, American Gold Eagles, 1 million dollars in gold, gold coins vs gold, Goldback vs. gold coins, Goldbacks value, Goldback value, value of Goldbacks, what are Goldbacks, should I buy Goldbacks, should you buy Goldbacks, what are Goldbacks, Goldbacks explained, investing in gold coins, investing in Goldbacks, gold investing, gold stacking, gold investment, buy gold, buy gold coins, buy Goldbacks, gold, $1 million in gold, gold bullion, physical gold
#gold #goldcoins #goldinvestment

[@SilverDragons47]

As I said in the video goldbacks are not for everyone. If you want to use them for Bartering they are a great option 👍🏽 I have a large stack of junk silver as well so I have options. It’s better to have and not need than to need and not have 🔥🐉

[@thesarge4457]

But Sir, aren't they only used in the state they're printed for? Thank You Sir.

[@CSM-68]

What is the recipe recognizability of Silverbacks and Goldbacks?

[@phillippalermo3197]

Basically businesses is those states choose to except Goldbacks for services. They either get added to a site registry or display it at the store that they except Goldbacks but regardless of what state is on the Goldback it’s still Gold and will always be Gold. So as long as someone will except them for barter you could use them all over the US

[@danielbbq]

@@thesarge4457like the state quarters, they can be used anywhere in the world where someone is willing to trade you are dealing in Goldbacks.

[@datboi1971]

Goldbacks are extremely important and reliable. They have REAL gold inside of them and that’s what makes them valuable and an important asset to invest in. It’s amazing that these are not being used nation wide and only in certain states.

[@matarael]

And I was just thinking what would a stack of Goldbacks look like, and here you are, Johnny on the spot. All I’ve seen were videos showing 2 or 3 bills of GBs, man does that bundle look beautiful.

[@garrett5799]

I bought fifty (1) goldbacks at $3.79 each.

[@normaaguirre2738]

I love the way u explain so calm and CLEAR Thanks

[@JewTubeSux]

That's the point of silver, for smaller purchases...

[@Draylis64]

Just love the artwork on the Gold Backs. Only have a few just for the collection. Won one of the Silver Backs from Bullion Max. Very awesome!

[@waynemaas7517]

Where can I get some silverbacks?

[@Draylis64]

@@waynemaas7517 Bullion Max has them on their website. They gave away 10,000 of them awhile back. pretty pricey, but a nice work of art.

[@coctailer]

I have some Goldbacks. They are pretty cool. I dont have any hopes that we (as a nation) will switch to a non-debt backed currency. The Fed would lose all its power.

[@JoeyJ1984]

There are alternative/voluntary/community currencies in almost every state. Also seems like every month another state is removing taxes and other roadblocks for metals to be used as currency. If you're waiting on "the nation" to do it, you're right. Never gonna happen. Only YOU can stop using fiat!

[@calebfast8088]

If I only had a million bucks, I'd go coin. If I was a multi-multi-multi-millionaire I'd get some Goldbacks though. All about the mix, like you said. :)

[@myrongunnar1518]

Solid thought-provoking video!! Good day, Sir!!!!

[@silvertaniwha1314]

As much as I like the look of a cool million bucks worth of gold coins...... but a MILLION dollars in GOLDBACKS...... EPIC

[@WayneThePreacher]

Thanks for the SilverBack! I accept Goldbacks, but a gold coin, well...that will have to go through testing. Seen a bunch of friends get shafted on fake Gold Coins. At the shows for certain devices I attend, most of the tables I asked accepted Goldbacks! Some did not know what they were, but was surprised at how many did!

[@Kawasquid101]

That was very cool. Thanks mate

[@thesarge4457]

Not ready for that jump yet. Thank You Sir.

[@nathanielcolston7770]

$1,000,000 buys 514 ounces of gold in gold eagles or buys 273 ounces of gold in Goldbacks. Yeah…no. I don’t buy into Goldbacks.

[@THECRANKYONE]

Ya gotta admit though... cool gift as a set for a young person.

[@nathanielcolston7770]

It would be a cool to get some as a gift.

[@brucey5585]

Goldback are cool for looks but not worth it. I rather just buy gold coin.

[@user-um7cb5td1h]

You don't lose the premium when you spend it. And its meant to be used for stacking. But for everyday spending.

[@christripptripp797]

So you are saying you are stupid?

[@JayHill615]

I wonder if a state started using gold as legal tender if the goldback makes sense. Would it need to be state specific?

[@jimhouston1527]

Goldbacks are a great way to spend at least $5 for every $1.80 worth of gold, or over 100% in premium. Which makes them a massive waste of money. Gold is not useful for bartering. it's too expensive. Silver would make sense and is also a better value.

[@heartoftexas8092]

Well said !!!

[@emilycordon8898]

You can spend a one ounce gold coin exactly once. Getting a 1/1,000th ounce of gold at a 100% premium is about a third of any comparable gold product. That value isn't lost in any way though, you keep it in the utility. Silver is a great purchase too but Silver Eagles are also going to be too valuable for barter and I don't think serious people really think that we're going back to discontinued junk silver dimes in the future. I wouldn't discount the new technologies coming out that make gold better.

[@1810jeff]

True, gold is not for barter it's for storing wealth in as much of a condensed space as possible. Essentially gold is for your life savings and silver is for your everyday barters.

[@heartoftexas8092]

@@emilycordon8898 over priced , hard to recycle back to gold.

[@ewetho]

Who paid $5 for a goldback???? Guess you like the rich peoples stores.. However where they are in circulation and they are the premium is also in the sell price or transaction price. Hopefully it will continue grow.. The use is to replace worthless paper

[@thomvinson]

Love Goldbacks, and my Silverback!

[@TtheSilverStacker]

Have to admit, I’m a little skeptical about the Goldback thing. Doubtful that they will catch on.

[@brucey5585]

It wont, especially at the premium price you pay.

[@dstnctw2123]

There's hundred, maybe thousands of companies that take them here in Utah..

[@letenor519]

It's already catching on

[@RanDom-Interloper]

I think the holiday theme Gold Foil Notes make nice gifts, I mean they hold better value then some high end Christmas greeting cards and the like.

[@considerthetruth]

Upma offers free storage and 2% return for letting them use the goldbacks to fund the creation of new ones. Not a bad way to go especially if you live in Utah

[@commanderbell1965]

I'll be buying gold backs next week. My friend told me. Gold coins be difficult to barter. Gold jewelry is ok.

[@MalleusIudaeorum]

Goldbacks are the worst possible purchase you could make lmao

[@commanderbell1965]

@@MalleusIudaeorum Depend how much to buy

[@fpengu]

I recommend European sovereigns like the 10 and 20 franc rooster gold coins if you want fractional in a recognized and visible form

[@lindademichillie8618]

Something you didn’t explain is the exchange rate is equal to the purchase price if gold spot remains the same. Where buying tiny pieces of gold are not general going to be worth the purchase price unless gold goes way up. I think there is a place for both bullion and goldbacks in a portfolio.

[@richycrash4716]

Why not just buy 1/4,1/2,1 grain bars? I know I'm gonna catch flack for this but the gold backs seem gimmicky to me.

[@SilverGoldStackAttack]

Fun to collect a few designs. Not buying into them as money. Dollar for dollar, I’ll stick with regular gold, since it provides more bang for your buck. I have serious doubts that these’ll catch on in enough states in the long run. Just my opinion.

[@lambo330]

Bought some because of your thoughts on this. Never had any before.

[@genesisg7022]

I purchased a few Goldbacks for its Novelty effect. A coworker and I are both stacker's. He actually got me into it. I only own a couple of hundred dollars 💸 worth of it. The premiums are very high on them. I started purchasing 1/5 oz gold coins. Easy to afford, 5 of them makes an ounce. Cheaper than the cost of two 1/10 oz 🪙 gold coins. Because their bigger than a 1/10 oz Gold coins, makes them easier to see the details 🤓🤓🤓🤓😵‍💫😵😵‍💫🤒🤕. Only one problem, most places that sell them, have problems keeping them in stock.

[@EricEllingwood]

I wish I could give out a million of these. 😂 Yet I can barely budget for more than one.😢

[@THECRANKYONE]

Great video! I'm intrigued by the goldbacks. Having never seen or heard of them, they must be hard to find.

[@katieandkevinsears7724]

You can buy them on any online precious retailer's site.

[@THECRANKYONE]

@@katieandkevinsears7724 Thank you.

[@derekdlick2516]

I like goldbacks. I think what people forget is the laws that apply to the element it's self. Once you wrap your mind around that you understand goldbacks importance. There is a reason I buy silver and gold. It's not just because of fractional purposes. It's for legal reasons. Gold and silver are two different elements with two different purposes and two different scarcities.

[@shadyguyeast1776]

What’s laws are you referencing? And why do they make goldbacks familiar?

[@derekdlick2516]

@@shadyguyeast1776 SB100. Historically our money was backed by gold. Gold is a currency metal. Silver is legal tender but really an industrial metal. It's two different markets.

[@TheQuickSilver101]

Wow. That gives you an idea how much plastic they need to use to suspend the gold, which as it turns out is a lot!

[@SalivateMetal]

Wow!! Amazing to see the comparison. I'm a goldback fan too. Posted a video about it yesterday.

[@777Poker]

Sucker is born

[@goldmaple5290]

I think it's better to buy gold coins or bars if you can afford to buy them. They are definitely better than goldbacks.

[@ladybugroyal5264]

Can you verify the purity and weight on a precious metal verifier?

[@JoeyJ1984]

The answer I've heard is always "look at all the security features. It's almost impossible to counterfeit." In other words, they don't answer the real question.

[@derekdlick2516]

Look up goldback microwave. I burned one of mine it's gold no doubt

[@AH-sd5xq]

But with the goldbacks, how do you extract the gold from them, same as silver backs. I love having a couple to just have but I won’t stack em

[@user23867]

To reclaim silver from a silverback use a commanding tone and repeat the following: "Drop! Drop it! Bad gorilla! Drop that silver right now!!"

[@AH-sd5xq]

@@user23867 🤣🤣🤣

[@Ponokaiguy]

Why would you extract the gold? It's in the bill, reuse the bill. That's the whole idea.

[@AH-sd5xq]

@@Ponokaiguy SHTF event is the only time it comes to mind.

[@Ponokaiguy]

@@AH-sd5xq, it doesn't come to mind then either. That's just another time when you use them as money, no need to extract it.

[@cairpreliffechair832]

A Goldback is good for buying eggs or paying for a minor service like a haircut or electric bill. A gold coin can pay a months rent. You use hundred dollar bills for rent and 1/5/10s for the rest. Goldbacks are indeed bulky, but you could ostensibly have both. Another way to look is a roll of silver dimes over a couple 10 denom Goldbacks. I am not advocating one over the other, but they aren't terrible either and it is in the end getting public faith and interest. One more thing: getting robbed of some Goldbacks is less painful than a gold eagle in your pocket, and you expose others away from more debt money!

[@EricEllingwood]

Nice

[@EricEllingwood]

Well said

[@jisskk28]

That's why you have silver 🤪

[@patriotmonkey9818]

And copper

[@777Poker]

Exactly

[@danielmclaughlin5546]

Good luck trying to educate the general public about Goldbacks when you try to cash them in. Even my local Coin shop were not familiar with them.

[@defythegrid9577]

We buy them back at 5% less than we sell them at. Defythegrid no need to get lowballed at a local coin dealer

[@danielmclaughlin5546]

@@defythegrid9577 Actually, it was the local coin dealer who was law balling himself. Because he is a good guy and always charges a price that matches the lowest online bullion dealers, I set him straight so he would not lose out on the ones he was selling.

[@WW_SHTFF_WW]

Goldbacks are not for stacking. If you stack gold or silver you want the lowest premium. But if you ever have to barter your gold coins or gold bars, no one will give you anywhere the value you want for small transactions. Just not going to happen. That is where Goldbacks come in...as barter insurance for small transactions. If Goldbacks could get some national recognition like the Sunday morning show or MSM nightly news, that would help educating people on them. Think about this. You got a neighbor that produces eggs or has some milk cows. The chicken lay eggs continually day in and day out. A cow produces 4 - 6 gallons a day of milk. The neighbor that has the milk cow producing all the time will have to do something with the milk. If they don't sell it, it will spoil, unless they can make cheese from it. (Cheese was invented as a way to preserve milk.) Goldbacks can be used as barter with the neighbor for the food. Neighbor may have to be educated about them, same way as 90% silver. But they have to do something with the output if they can't consume all the eggs and milk. So it is let the milk spoil or take some Goldbacks or 90%. But the neighbor may not want 90% or Goldbacks and want your ChapStick. But, someone else may not want the ChapStick and want Goldbacks. Prepping is all a crapshoot and you just give it your best shot. But one thing is for sure...you won't be able to spend your gold coins, bars and silver bars for small transactions and get anywhere near the full value of them. Here...this is how it will go down. Want my ChapStick? OK, give me a 1 Goldback. All I have is a 5 Goldback. OK, here are 4 Goldbacks in change. All I have is a 10 oz silver bar. Sorry, no change, Bub. All I have is a piece of gold combibar. Sorry Bub, too many fake pieces of gold bars floating around...don't want it. And even if real...no change, Bub.

[@danielmclaughlin5546]

@@WW_SHTFF_WW You say "if goldbacks could get some national recognition..." Problem is, they do not have any real recognition, and until they do, they shall remain nothing more than a novelty item which can only be sold to coin shops and those who like to stack. Frankly, I doubt average man / woman on the street will ever learn about them. For this reason, I am sticking with Gold and Silver coins.

[@Andrewlikesguns]

The Goldbacks look really, really cool but with Gold at around $2000/oz these days, a 1/1000 oz Golback has about $2 worth of gold so the premium is just way out there. They would have to maintain a value on their own to remain reliably worth around $4 for the 1 denomination.

[@waynemaas7517]

Do you know of any other states that are looking at accepting goldbacks other than the 4 current states of Utah, Nevada, Wyoming & New Hampshire?

[@GeemailMailboxx]

Walmart will take them. They even sell them on their website along with silver and gold bouillon. Their price usually beats the coin shops. 🪙

[@holyfenrir6336]

I believe that goldback inc mentioned south Dakota as the next state.

[@poli_zgaming3616]

They are first trying to slowly get smaller states to jump on this. Cause the demand is so large that they can't seem to keep up with the demand. In fact most buyers are indeed from the other states buying it just incase this takes off and is good for bartering

[@eduardorodriguez7689]

Idk, I think I’d rather get paid in gold and gold backs as an employee or business owner. If o wanted fed notes of exchange it for that instead.

[@fin59shaw]

Million, Billion, Trillion. It's all digits unless you have real money.

[@jacobduncan8875]

Do you think they will become like what our paper money is today?

[@therealhawkeyeii7888]

Wouldn't US silver dimes, quarters halves, and dollars serve the same purpose?

[@ewetho]

At roughly $4.00 per GoldBack you would only need 50 packs of 100 of the 50 Goldbacks bills… how you would stack paper is how you would stack those.. that said you would hopefully only need a couple thousand maybe for trade and barter smaller purchases using the more dense coin to back it for larger expenditures…. As intended…

[@AbeTaylor-bd9oe]

I love Goldbacks

[@jt9451]

Silver Dragons you should have mentioned in this video about the Goldbacks can only be used in Utah, Nevada, New Hampshire and Wyoming for bartering or for a SHTF moment.

[@christopherstewart9874]

If you are using them for barter, you can use them anywhere someone is willing to take them in trade - just like you can use Maple Leafs for barter outside of Canada.

[@jt9451]

@@christopherstewart9874 you have to explain what the Goldbacks are to others before you barter thats the first step.

[@777oz]

You don't need to live in one of those states yo use them or to know what they are. I am willing to barter/trade with goldbacks and do not live in one of those states. Texas just passed a bill allowing them to mint currency on the gold standard as a state... there's lots of options out there. If you are not willing to use them, that's your problem.

[@christripptripp797]

Not true

[@jaybarr3307]

False. I used a New Hampshire one GB two days ago in MA with a merchant who was excited to accept it.

[@calvincooper1122]

I only have 1 gold back just to be put in my stack.

[@chamberlin9883]

the answer to gold having to much value in a given transaction is thats why you have silver. gold is supposed to be worth alot, for BIG things you buy a home a car etc. with gold you buy good and sevices with silver. $22 for an ounce of silver tossing your coin on the counter at the resturaunt bar whatever is what makes sense as oppsed to using gold backs

[@canadiansilverseeker]

I have a question. If you had the choice some one said hey i will give you 1 million in gold buffalo coins or 1 million in gold backs. What would you choose? Serious question. Happy Stackin eh!

[@bobertjones2300]

Coins. Make or convert one quarter of the amount into silver.

[@canadiansilverseeker]

@@bobertjones2300 id go coins to ;)

[@erics.786]

Um, you don't suggest buying ASE's due to overpriced premiums but plug Goldbacks?...

[@jonapel2459]

Limited places accept.

[@user23867]

How do you verify the gold in a goldback?

[@777Poker]

Trust me bro

[@jaybarr3307]

You don't. You let the third party company they employ to test each lot do it for you.

[@patrioticstacker]

Holy Gold backs 🤩

[@benanglin1458]

Too high a premium on backs. For bartering, investing in food, ammo, etc. would seem a better choice.

[@bjhilburn]

Use silver for smaller fractional barter. Simple.

[@piggs666]

If our government didnt sell the United States for credit/oil (1927 -1934)...this is what our currency should have been.

[@stevenvalett1231]

The premium per goldbacks!

[@GoldAndSilver988]

Does the Silver Dragon own both piles?

[@GoldAndSilver988]

@subscribers784 auto scammer

[@777Poker]

No

[@pdxeddie1111]

the bad part about gold backs is the premiums don't make them worth collecting or stacking

[@samuelrock5809]

My local coin shop wont touch gold backs.

[@EricEllingwood]

Sad

[@jdotseven]

Why?

[@samuelrock5809]

@@jdotseven I don't know. I wish I knew bud. I asked him and he said nobody he knows would buy them from him

[@samuelrock5809]

@@jdotseven I don't understand so I don't buy them no more. If you want to buy mine I'll sell them to you

[@JoeyJ1984]

How does a regular person VERIFY a goldback actually contains the gold? Don't tell me about security/anti-counterfeiting features. I'm not asking how to tell if it's a genuine goldback that's made by valaurum. I'm asking how to tell if my genuine valaurum gb has the gold that both companies claim it does. Thank you.

[@kayllenstarships9009]

Search for "melting goldback" theres your answer for that question

[@nlb2000]

I might buy one just for a collectible....these look a little like a fad to me. And the premiums oh lord

[@melbournestacker]

There been out for awhile, I bought about $5000 worth four years ago when they were about half the price they are now, I love them, something different and they just keep going up in price 👍

[@WW_SHTFF_WW]

Yes, premium is high. But nothing out there standardized to buy $3 or $4 in gold. So, they are unique. Hopefully the Goldbacks become more popular and the economy of scale will allow for some discount in premium.

[@chamberlin9883]

gold backs will aslways be a novelty as long as silver exsists

[@justinleo5593]

Am I dumb lol but it's 70 dollars for 1/1000 of a troy oz right so you would need 1000 to make a troy oz with would Cost you $70,000 🤔 wouldn't be cheaper to buy a troy oz melt it down in to 1/2 gram gold nugs?

[@lindademichillie8618]

Gold is $1862/1000=$1.86. 1 ounce= 1000 goldbacks at a cost of $3.56 per gives a total cost of $3,560.00. The smallest gold I could find were 1/4g rounds that cost $37. 120=.9645 ounce total cost $4400. The goldbacks are cheaper. Plus the exchange rate on goldbacks is $3,560. The melt value on 1/4g is $1796. Thats a huge loss.

[@justinleo5593]

@LINDA DEMICHILLIE but why would anyone buy 1/4 the Premium is insane you can buy 1 gram for $70. I guess my point would be to buy the 1 oz and melt it down in to fractions yourself. Maybe not every one can afford to do that but gold backs are way more of a hit to the wallet. I only go for 10 gram bars personally. If things get so bad that I'm using gold and silver to buy things, I'd most likely want to buy in bulk, Or clip the bar in 4 ways to buy supply. This is just my opinion I know everyone does things differently but I also look for the deals I got lucky and got my gold at spot price.

[@michaelmich00]

u said it right; u cant buy a meal but u can buy a pig. And thats how it went for centuries, worked fine, and u get more out of your money, cows give milk and meat, chickens eggs and meat, and so on. if u want small transactions u need silver not gold

[@777Poker]

He’s just getting paid to push these gold backs that’s all

[@goldmaple5290]

I just think you are wasting your time with goldbacks unless you live in a US state where they accept goldbacks as payment. I see them as novelty collector items. Not all LCSs accept them and it's optional for businesses to accept or not accpt them.

[@sdrowlette]

What’s the story behind that many goldbacks? Who’s are they?!

[@777Poker]

The people paying for the sponsorship 😅

[@thejourney6712]

Sounds like 1 big ad for goldbacks. I plan to buy 1 only for collection purposes not as a store of wealth or bater options.

[@juinor67]

We all know the premium on a 1/10th Troy of gold is high. What is the premium on a holdback? Seems more like a gimmick to me.

[@brian5975]

Not interested in gold backs. But I do love the silverbacks…..

[@Synos001]

Has anyone ever melted down 1 ounce worth of Goldbacks and made a coin for comparison and testing purposes?

[@holyfenrir6336]

Idk about normal people doing it. However i remember watching an interview with Jeremy where he talks about this. Part of their testing is to do exactly that. Then he mentioned that the major bullion depositories also did the same to verify that Goldbacks where legit.

[@Synos001]

@@holyfenrir6336 Seems like that would make a good video and could help boost the confidence of those on the fence about the product.

[@HDDynalowrider]

First

[@JimmyLicari]

I'll take the coins over the Goldbacks any day. The Goldbacks are a cute little idea, but it's a novelty and collector piece rather than a logical way to stack gold. You're getting clobbered on the premium's that you're never going to be able to recoup unless gold goes 300x

[@michaelsimmons9052]

Compared to the inflation of the US dollar. The premium is well worth the price.

[@lindademichillie8618]

A one has an exchange value of $3.92. When you buy a gold or silver coin you have to wait for spot to raise above the premium price to break even. That being said goldbacks are away to diversify without the tax repercussions of a 28% collectible tax rate on gains.

[@JimmyLicari]

@@michaelsimmons9052 I understand where you're coming from and I get it. But the melt value for them is under $3. Also I have seen that since created in 2019, Goldbacks have appreciated in value over the years. But in the end, I do have a few because of what you said, it's a great way to diversify.

[@JimmyLicari]

@@lindademichillie8618 agreed, but they aren't worth stacking... the numbers absolutely don't add up. If you were to have an oz of gold in Goldbacks and a 1 oz gold coin, it's not even a debate. You'll never be able to recover those premiums on Goldbacks unless gold goes to over $3,000. I don't know about you or anyone else, but I don't want to have to pay more for my Metals. There's been many video's on this subject too. And it doesn't add up. At least with buying a 1 oz gold you're getting it way closer to spot

[@cardaveux]

I live in Switzerland and goldback is in my country almost inexistent i mean unknown and not really accepted.

[@christopherstewart9874]

They are almost nonexistent, unknown and not really accepted in the US either.

[@thesilversphincter]

Now that's a pile!!!!

[@williamlufrano7525]

Buy Junk silver dimes!!! A days wage is one Silver dime!! Do the math!! A silver dime today melt is only 2 dollars roughly. An average days wage is roughly 150 to 200 dollars.... Buy with both hands NOW!!!! 🤑

[@bobertjones2300]

Am I missing something on your math? An Ag dime is a day's wage? A roll may be roughly a day's minimum wage. A roll of constitutional quarters comes closer to a living wage day's pay for many. I do agree to buy "junk silver. "

[@tonynguyen9059]

If I need a small denomination to trade then why not use silver? Better yet use junk silver...

[@truk5161]

lot easier to carry the coins vs the goldbacks.

[@kennethmoody9841]

I would have thought he go back to pushing silverbacks lol

[@DownWordGames]

But will people find value in paper gold? I mean the average person will be like whats this? But you have a coin and they hold it. Game over

[@royalon3]

I’ll take the coins anyway lol

[@christophergreyson6953]

The purpose of junk silver is for smallee transactions. I'm not sure you can melt goldbacks and extract the gold as efficiently as a 90% silver coin.

[@brucey5585]

If your melting down goldback then you bought it for the wrong reason.

[@Ponokaiguy]

Why extract the gold? That's not the purpose of the bills.

[@EmpirePreciousMetals]

$1M in gold coins, huh? 🧐

[@SilverDragons47]

this was filmed last year lol

[@GeemailMailboxx]

Only invest with what you can afford to Lose folks. 🤗

[@gregd4391]

I think "Goldbacks" are a terrible idea. I think the best, easiest way to return to a gold/silver standard and use it every day is to have debit cards backed by gold. It's simple, easy to implement, and people are used to using plastic/cards. I'm not going to spend a penny on goldbacks.

[@777Poker]

So does silver dragon think that other stackers won’t have change for a 1 ounce gold coin? 😂

[@dasfahrer8187]

Nah. If I need fractional amounts I'll just use silver. I'd much rather own war nickels and other constitutional silver than these silly things.

[@manuelmiranda726]

One ounce gold coin at 2k compared to 1 ounce of gold in goldbacks about $3200. No thankyou

[@whattheysayk9558]

I’m sure 2 is 1 got more 😂

[@QuadTap]

I think he has about 300k in gold but that's just a guess

[@jacquelinelockett]

$1.00 Gold backs are over $5.00. How much actual gold is in a gold back

[@MalleusIudaeorum]

1/1000 of a Troy oz in the dollar version. Avoid goldbacks, they’re the worst possible purchase you could make and a scam. Stick to bullion and coins.

[@jacquelinelockett]

@@MalleusIudaeorum oh wow! A scam? How so?

[@MalleusIudaeorum]

@@jacquelinelockett you’re paying far more for the gold in them than it’s worth because of premiums. It’s such a tiny amount too and people would use silver for smaller purchases anyway. They’re only worth buying if you want them as collector items, otherwise if you’re purchasing gold then you should get 1oz gold coins. They’re easy to sell if you need to and there isn’t as much premium on them compared to smaller amounts of gold.

[@themusicmop3227]

As I understand they retain the premium on use. So there is less gold than the price but the goldback itself is worth more. I guess like a half ish gold standard kinda. I wouldn’t sink a crazy amount into them but I don’t think they are exactly a scam as the Goldbacks themselves go for about 4 ish dollars right now

[@robertm8380]

You don't need gold backs just use silver

[@TheGoldenDragonfly]

The coins are more impressive…

[@Prophetlovy22291]

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[@Prophetlovy22291]

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[@SilverWingnut]

To everyone in comments, do not buy goldbacks. Ty this has been a public announcement 👍

[@playinragz8183]

Goldbacks? Don’t be silly.

[@skaraborgcraft]

What bollox. Gold coins go down to 1/20 of an ounce. You can keep your gold coloured plastic notes, no better than fiat.

[@bobertjones2300]

You make a strong, practical case against goldbacks.

[@gabrielmichaelson13]

Dragon never so your face. You will get mugged

[@philipp1966]

I don't like gold.backs

[@derekdlick2516]

I like goldbacks

[@JP5466]

The premiums on "goldbacks" are ridiculous. Gold coins for wealth preservation, silver coins/bars for barter and purchases. How much are they paying you to pump this BS?