The Problem with Goldbacks is...

Are the Goldbacks a must have for stackers or is it just a novelty item? Do these solve a problem or are they just overpriced gold? We explore all this and more in this video.
I stack silver and gold to hedge against our debt-fueled, fiat currency-based economy that I am convinced is in severe trouble. Consider stacking silver and gold yourself to help you build and preserve wealth. And thank you for watching Campbell’s Coins!
My first Goldback video: • Utah Goldback: Boom or...
My second Goldback video: • BIG NEWS for GOLDBACKS
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Topics Discussed: gold as money, goldbacks, cbdc, central bank digital currency, central bank digital currencies, gold, gold stacking, precious metals, goldbacks currency, goldback value, should i buy goldbacks, what are goldbacks, digital currency, coins, coin, gold coin, gold coins, gold bar, goldback, utah goldback, american currency, fiat, gold back currency, gold backed, legal tender, gold backed currency vs fiat, gold stacking for beginners, gold stacking on a budget, gold stacking youtube
#goldback #gold #goldstacking

[@CampbellsCoins]

A few people mentioned their comment was deleted. I'm not sure what is going on with those, I don't delete any comments. Please let me know if your comment was deleted. I'm hoping it is just a glitch with YT. Anyways, thank you as always for your time and discussion -CC

[@peteralmeida3612]

QUICK FACT: It's illegal to create other nationwide currencies, but legal at state level, that's why the Goldbacks and others will always have a state name printed in them

[@chrisk7084]

If the premium weren't so steep and on top of that, sales tax applied, Goldbacks would grow in popularity because it takes the currency out of the hands on the Fed.

[@fatnstupidstreams5959]

I use them as a way to save money, it's not easy to spend them which means I can actually save money easily.

[@reginaldprice5856]

The gold back is like any other precious metal purchase. Buy low sell high. But the convenience of using a small denomination of gold without trying to shave a portion of a gold bar, just make it more sensible…

[@scotts1356]

Today.....2023....a $1 Goldback will cost you $4.00. It takes 1000 $1 goldbacks to make 1 ounce of gold. Let's say you want to buy 1 ounce of gold with your goldbacks. You'll end up paying $4,000 for 1 ounce of gold! You can typically pay cash for 1 ounce of gold and it only costs you around $2800.00. So why would ANYONE want to pay 70% more??? I'll pass.

[@shawnlavigne9069]

Gold backs are the brainchild of someone who wants to make lots of money.

[@ThatGuy-mu2rr]

The gold back DOES solve an issue with gold. Divisibility. Are you going to carry nearly 2 pounds of small silver coins around all the time ? Are you going to carry a 1/1000 of an ounce gold coin around ? No, no and no. But…… a gold back allows you to carry a very small piece of gold around that is very divisible, yet won’t be the size of a pebble and easily lost.

[@Kinosis79]

Goldbacks aren't for stacking, they are made to be used.

[@aaronpaolilli8578]

Actually, it is Legal in the State of Utah because it is "Sound Money" and we must never forget that the Powers not granted to Federal Government by the Constitution are reserved to the States and the People Therein.

[@silverlocomotive9127]

As a stacker you have to stop wrapping your head around the premium. It’s a hedge against inflation and our current fiat currency as we know it. Buying from say APMEX or eBay is stupid. The Goldback can be purchased from many other sources close to if not the exact same as quoted on the Goldback site. The purchase price is pretty much equal to the value of goods it can be exchanged for. If gold goes up so does the purchasing power of the Goldback. Not meant to be an investment in gold or for stacking!

[@ndrthrdr1]

I would accept a Goldback confidently from a stranger, confident that it’s real gold..

[@mr.monitor.]

The claim about them replacing damaged goldbacks is 100% true.

[@mrg7407]

IMO. I Understand the Premium and Technology. I have NO Problem with that.

[@robertdaniel6044]

Problem solved: It appreciates in value over the LONG term. As long as it keeps on doing that, it's a lot better than state currency.

[@AllThings357]

I bought some of these, 10 of the $1 New Hampshire series. I did not buy these for “stacking” or to use as trade or barter (well maybe if the economy completely falls apart). I bought them purely as a novelty/collector item, they are something completely new and different and in my opinion “art”. Much like SOME of the colorized coins. Many are gaudy crap that ruined a piece of silver…. But some are actually very nice to look at. That’s how I perceive Goldbacks also.

[@memphiskennedy9541]

This is sound, solid, no bank fees. The bankers can't fuck with it.

[@ALFAJERKBFH]

Your Cons don't scare me. I like goldbacks. They look cool and no one is going to handle it enough to damage it. Everyone I show would rather have those than coins.

[@jonsnow2864]

Here's something to think about: In the Constitution of the United States of America (the Supreme Law of the Land), it is written that the States shall make nothing but Gold & silver COIN (as in physical metal) legal tender for transactions & the payment of debts.

[@InternationalStacker]

Ok gonna try this again, really hoping the first time I posted this it wasn't deleted and was just marked as spam or something. I really liked this video and you made some great points. Here is my perspective. I was one of the first if not the first KZbinr to reach out to Gold Backs when they were new and interviewed the CEO. Here are some salient points he made, which I had covered in the video I first made about Gold Backs that I think addresses some of your concerns;