How Much GOLD in Utah Gold Backs

[@OzkAltBldgCo-bv8tt]

On behalf of anybody who had any doubts we thank you for doing this for science.

[@climjames]

now if we can only buy them at a fair price.

[@sreetips]

Gold is grossly undervalued.

[@wilcoxtactical3716]

@@climjames we would have to buy them at near spot value or at face value to make sense. They are selling for about double their value which makes no sense. The only way I'd take them is dollar for greenback. 1 USD= 1 Greenback

[@wavytiger1]

@@sreetips On average, 2,500-3,000 tonnes of gold are mined each year by gold producers around the world.

[@sreetips]

That’s 13,245 ounces. Compared to $35.4 trillion, it’s a drop in the ocean of debt created by the currency printers. They can easily crush the price using paper gold futures contracts, and cover the shorts if they get squeezed with a few million printed paper dollars. It’s a scam. Gold and silver are real money. Real wealth. Paper dollars are a money substitute. And soon to be completely worthless.

[@mcwolfbeast]

Always great to see independent validation of gold content claims!

[@ryr635]

He's doing God's work.

[@sreetips]

We should all guard against letting gold become more important than God in our lives. It’s easy to do.

[@silvertoothpick8002]

Independent validation.... it's science

[@mhughes1160]

@@sreetips $50 Goldback notes are selling for $188.00 each 1/20 oz so almost $3800.00 an oz sounds like a great investment considering gold is selling for $1900.00 oz 🤔 Not 😂

[@CemeteryShop-yg6gi]

@@mhughes1160 GoldBacks are fractional gold. If one were to accept ridicule for paying premium for GoldBacks, then it should be noted that all bullion and coin have increasing percentages of premiums attached as the gold weight decreases. Do you accept ridicule for buying an ounce of gold at $2050 when the spot price is $1950, or do you just skip the purchase and throw shade on those who buy it? A 1/10 th oz gold coin might sell for $225 when spot gold is 1/10 oz for $195. Is that too rich for your ability to comprehend?

[@katieandkevinsears7724]

It hurt to see those goldbacks destroyed. But it's also great to know they're honest with their claims.

[@jakobausterlitz8102]

Lol

[@HunterXray]

The Gold Backs are definitely interesting. But I would only buy them for collecting something different and probably just a few. I can't think of a much better way to spend the most money per oz. The pain to recover the gold is also a negative. Which is why I say I'd only buy these to collect something interesting in a limited fashion.

[@mikebaker8025]

Vv​@@HunterXray

[@Hildy-xx6wk]

Could have tested this using one of the goldbacks! Didn't need to destroy a bunch of them at once!

[@sreetips]

Agree! I did it for the show!

[@smr2bgky]

Much respect and admiration, for not only "sreetips" and his lab abilities, but also for the GOLDBACK people for engineering and producing a beautiful, useful, and wonderful product, the GOLDBACK.

[@SenorTucano]

I’m always impressed with the professional way Sreetips operates with his laboratory glassware

[@stumped463]

I am a weekend prospector . I always like watching how you refine gold . You are very thorough in your steps to the end product . I've seen others (prospectors I know) make a mess out of their gold trying to purify it . I sell some of mine ,but most of it I keep cause it's MINE hehehe all mine . Great video thanks .

[@sreetips]

I know what you mean!

[@ut000bs]

Hey, the gold you pan/high bank can be sold to those who sell "pay dirt" online. You generally get 24k price for it and that means more money than sending it to a refinery. I figure you probably know this since you mention selling some but others may not. But like you say, don't sell any unless you have to. It's YOURS and when the currency fails gold will always be money everywhere.

[@robbytheremin2443]

No matter how many times I watch, I always get excited when the gold precipitates out.

[@mikeconnery4652]

Lol ok 😊

[@reaperrt1019]

@@mikeconnery4652bro people get excited watching pimple popping… let them have this one!

[@tombrooks3812]

Its nice to see those notes being the right weight. It would be easy for them to short weight them. Bravo to whoever produced them.✌️ thanks sreetips for another interesting video😊

[@RPSTiger]

Considering they are legal tender in multiple states, they better be the correct weight. They are produced by a real mint.

[@tombrooks3812]

@@RPSTiger thats nice to know in case i ever come across these, this is the first time ive seen them✌️

[@michaeldenison7339]

They are produced here in Utah. Though they have expanded to a few other states. For a time, not sure if they still do this, they would send you a $1 Utah Goldback for free. I got mine.

[@mattsergel5704]

I believe this should be the new currency. Going cashless is a bad idea especially if the government is running it.

[@tombrooks3812]

@@mattsergel5704 i agree this puts something behind our moneys. They only want to be able to control us more✌️

[@benjimun1]

I happen to stumble across you YT channel a few months back and I've been so fascinated in your refining process of desolving a precious metal such as gold into solution using boiling acids only to perspirate it back into gold sponge, creating some of the Highest purity gold on the planet. I've shared your videos with all my friends and family because I never knew something like gold could be a liquid in a refining process! Thank you for all the hard work you invest into filming, editing, and posting to share with the world your channel. Lastly Thank you for allowing viewers like myself to purchase these beautiful ingot bars ... truly an incredible way to see what your getting when we buy your high purity gold. Thank you Thank you!

[@cognitivedissident9825]

I'd like to know how heavy the gold solution is compared to an equal volume of water.. It must be heavier surely

[@sreetips]

Yes, it is. A solution with gold dissolved in it will be heavier than the same volume of solution with no gold in it.

[@olsim1730]

*dissolve *precipitate You're welcome

[@benjimun1]

@@olsim1730 ja ja I appreesheate itt....

[@jonathanmillichip9296]

I have a lot of respect for people like you that will go to all this effort so that lazy people like me don't have to, really enjoyed watching the whole process 👍

[@johnnyblade6088]

I've never seen gold so shiny and pure. Kinda like you've made 25 kt gold. I know 24 kt is the standard purest, but i've never seen 24kt gold look this good! Your a pro!

[@TroubledOnePaydirt]

Oh thank heavens!! A new Sreetips video! Always uploads when I need to unwind the most. 15 hour day at work. 😩

[@stevenkeeffe]

Without a doubt, the most visually appealing precipitation thus far using the sodium metabisulfite. "Seaweed". Beautiful.

[@SMOBY44]

The fact that you have a melt dish that looks like that makes me feel a lot better about my operation. I've had a few real ugly melts that have left dishes looking like that. Thanks for another great video!

[@Juan_Doooh]

Sreetips thanks for putting that video out, definitely resolves any doubts I may have had about the gold backs.

[@hotrod2893]

Bought a few goldbacks myself. Glad to see they have the actual quantity of gold shown on the note. I don't have the brains or patience to test it for myself. Thanks for a great video. The refining process is definitely over my head. I would have been happy with the original button. 10 min left on the video...can't wait to see your finished product.

[@Master_Yoda1990]

You don't want to do this to the goldbacks anyways. They're worth a little more than the gold weight.

[@langjr0]

The 10 $50. gold backs cost about $1900. Now the gold he melted out of them is worth about $1000. Just destroyed $900. in value. So if you had a brain you wouldn’t do such a stupid thing.

[@sreetips]

It was $1928 to be exact, and I would have paid more so I could have them to make the video. This will help you understand why I did it; a million views is worth about ten grand.

[@GoldenAura32]

Sreetips will never lose money on a video he makes. Curiosity, education and just pure entertainment will easily make up for whatever is lost.

[@gfhrtshergheghegewgewgew1730]

even now sreetips is still improving his process, most recently with the gold sponge drying dish, the timelapses we get of the gold drying are a nice side effect of that

[@paulswickard2656]

Thanks for this one. I wasn’t 100% sure about their claims before watching this.

[@TheBubagrunt]

That was awesome. Helped to dispel some of my fear about goldbacks investing. This demonstrates that these are viable for investment. Thank you so much

[@stephenrosenthal5252]

How so? You could buy that bar of gold for much cheaper than with the gold backs. And anyone thinking that them being collectable will get you that value back plus some are only half correct. They definitely could go up in value if they go out of production and a demand grows, but and big but, is that part of the reason for collecting gold is for if the current banking system and or country go down the toilet. If that is the case then you will have massively overpaid on this gold. And if we are bartering gold and other precious metals then you will wish it wasn't stuck in this dumb note. Buying these is only hoping on an increased demand for these exact bills. Not for actual physical gold. If value of gold is what you are after this ain't it

[@TexasSilverStacker]

​@@stephenrosenthal5252 new investors need to hear this, thank you for speaking up

[@QuivaRPG]

29:40 That was the most stunning precipitation with SMB that you've ever done.

[@ytelrado1]

Glad to see that your experiment to confirm the stated quantity of gold was a success. The 50 unit notes clearly contain one penny weight of gold each. Good to know

[@RollingRoadEFI]

30:00 That was one of the most incredible precipitations I've ever seen on your channel. From the moment the gold started dropping, all the way to the end. Usually your method of dumping in spoonful's of SMB makes it cascade in a cloud. This time we were able to see everything clearly as it was happening. Absolutely fascinating.

[@sniper7.62x51]

Very satisfying.

[@johnnyblade6088]

Ha! Looks like fuzzy gold

[@matthewtracy8744]

You are getting really dang good at this process! I just love the reactions. Precipitating the gold out of solution will never get old!

[@BullProspecting]

I always wanted one of those! Me and my wife watched this lastnight on her channel so I could watch it again on my channel this morning before I head off to go build some vinyl fence! That melt was on point brother! Great work as always! 🏆🏆🏆

[@camsdncs3005]

That reaction when the smb hits the gold solution will never get boring. Another great video sree. Keep up the great work 👍

[@ArielleViking]

That last gold precipitation with stump out was stunning. Nice ingot, I love the pouring patterns in the ingots. 👍

[@RDJ-v5j]

The filming techniques of this episode were exceptional.

[@wedgetailleather]

Loved the ‘seaweed’ appearance when you added a little SMB. That was fun to watch! And another beautiful bar with very attractive pour lines 😍 I’m all about that!

[@brianmedeiros6073]

I loved the way you added one spoon of stumpout so we could watch the process happen. thanks. love your work.

[@Kakiro_Miro]

as a collector this hurt my soul. The video overall is great, love the effects towards the end of the cold.

[@jeremiahcox9597]

I own some goldbacks so it's great to see they have the gold content that they claim.

[@speaklifegardenhomesteadpe8783]

Me too! I made a video about them awhile back. They're awesome!

[@Chiknlitl]

Seeing the brown gold powder start glistening up during the last melt is super satisfying.

[@dko916]

Thanks for what you do! Amazing content. Always wondered about these Goldbaks. My wife cried when she heard what you were doing... 😂. She loves the Goldbaks "They're so Pretty!"

[@sreetips]

Sorry, we don’t want to see tears. Unless they’re tears of joy!

[@madmattdigs9518]

That slow melt at the end looked so cool. I definitely have gold fever. I love the stuff!!!

[@sreetips]

Me too!

[@ExtractingMetals]

I have not seen this yet but I thank you in advance as I’m about to precipitate an ounce that I just finished refining!

[@Antonowskyfly]

I couldn’t watch the whole video due to time constraints but it is a quality demonstration for those who are interested in adding these notes to their collection. Thank you Sir!👍👍🤟

[@rockbutcher]

Not sure why you didn't just dump the first melt into the mold. It was 24k already. Now you have spent money on acids and time and have to chase 0.3g of gold through your system. Apart from that it was an interesting experiment. At least we now know that the mass value on the goldbacks is accurate.

[@Mephisto707]

I think the purpose was to validate if the goldback was 24k or not. He lost 0.3g in the process, which could be gold but could also be base metals, I don’t know. I don’t think sreetips reached a conclusion either, although he mentioned the gold content is pretty close to what the company advertises, whatever pretty close means.

[@rockbutcher]

@@Mephisto707 I thought about that too, but being a North American and given that this is a US product produced with a stated amount and carat of gold in it, I am inclined to go with 'the glass is half full' on this one.

[@rockbutcher]

@@Mephisto707 I have a New Hampshire gold back that I won a while back, and I'll be darned if I'm going to melt the gold out of it because it is such a beautiful work of art. A lot of the extra 'value' is in the eye of the bill holder 😀

[@arte9855]

​@@rockbutchernot a quick way to devalue a gold back 😂

[@mrmikojo5738]

10:08

[@MetallyCorrupted]

I could watch these over and over, so fascinating. I was considering trying this. I have an old stainless dishwasher I scrapped and want to turn it into a 'booth'

[@Alsacien]

This time, the transition from gold sponge to liquid gold in your melt dish was especially beautiful! A joy to watch! :) I was surprised that you didn't go outside with a mask or into your fume hood to melt the Goldbacks since the layer of gold is bonded to a polymer. Gorgeous little ingot, it's such a more desirable form of gold than the Goldbacks are to me!

[@aaron6806]

I've had that exact calculator since high school in the 80s. Still going strong.

[@jph8266]

The video of that 2nd SMB addition was awesome. Very cool effect when that reaction happens

[@hippyhebrewhomestead8593]

YES!!! Thank you sreetips! I’ve been waiting for someone to do this!!

[@leelewis5730]

The idea of heating the mold before you pour the ingot is to remove the moisture. This prevents a "steam explosion" when you pour..... I think you should turn off the burner on the mold just before you pour it and see if you can prevent the "wave lines" on top of the ingot and get a perfect mirror finish. Just a thought.

[@johnh8615]

Nope won’t work when you doing it with a flame. This will only work if he remelted the ingot upside down in the same mould ( so no sharp edges on top) in his electric furnace. It will have a far better finish but I think it will get stuck in the mould while they cold down.

[@sreetips]

The idea of the flame on as the metal is poured is called a reducing flame. It prevents the air from coming in contact with the surface of the metal as it freezes in the mold. Otherwise it would frost instead of shine.

[@ut000bs]

The "pour lines" are a desired trait in poured bars.

[@niagarajoe4402]

If you watch how big mints/refiners make their bars,(larger ones, not stamped) they usually start with gold shot, and heat it directly in the mold in a furnace. With a graphite lid on the mold itself……it heats evenly and turn out perfect

[@ut000bs]

@@niagarajoe4402 yep and that is the difference between "cast" bars and "poured" bars.

[@ugonow69]

You really took a hit on this one, but it was pretty cool to see! Thanks, Sreetips!

[@sreetips]

I’m trying to hit one out of the park. I need a million-view viral video like a wino needs a jug. Lord help me, I’m addicted to my KZbin channel!

[@dannomight1980]

That’s comforting because I gave them out as Xmas gifts last year to my family members. Albeit the low denomination for starters 😂

[@sreetips]

GOLD makes a wonderful Christmas gift. If you remember that the three wise men presented gifts. One of them was GOLD.

[@dscapes1]

Man! You're a more patient man than me. Getting to the end of this I was thinking about just waiting out in Space for a Supernova to happen and just catching me a big chunk of debris!

[@Goldbacker00]

Wow! I've watched your videos in the past and was blown away by your procedural and quality standards. How exciting to see you testing goldbacks!! I have to admit watching the video where you cut them and melted them did hurt my heart a bit though 🤣 thank you for this one

[@troyjralph]

The first button of 15.5g fluctuating to 15.6g was spot on half an ounce (an ounce being 31.103g). I was impressed.

[@JamesAnderson-x3f]

The precipitation process is always so awesome to see the gold drop out .

[@EnFuego79]

It would be nice if you explained why you're doing what you're doing at every stage - how it affects the process. Thanks! Fascinating stuff.

[@KallePihlajasaari]

Go and look at is older videos. Many have full commentary but you should watch a few to get familiar with each step.. I just think he has got tired of repeating it dozens of times.

[@EnFuego79]

@@KallePihlajasaari I get how repeating such content could be monotonous as a creator however, good presentational etiquette requires (especially with content such as this when someone is presenting a process) the assumption that there are new viewers with every video. At least links to explainer videos of the process should be referenced in the video at appropriate timestamps. Expecting a casual viewer to sift through hundreds of videos is not a realistic strategy for garnering interest in the channel.

[@KallePihlajasaari]

@@EnFuego79 This was not a beginners instructions video, it was a GoldBack assay video. If you go to his profile, select videos, sort by Oldest date and then look for the video titled Gold Refining Complete Process for the Home Refiner" you get most of the information you are looking for. I think he has demonstrated the process more often, more clearly and with more commentary than ANY OTHER youtuber. If you need more information you just need to go and read a book and join a few forums.

[@EnFuego79]

​@@KallePihlajasaari ...okay, and? Your response is tangential to my point.

[@timhooper1557]

I think, i like it better when you pour the gold solution, into a saturated solution of Sodium Metabisulfite. i am fascinated with how clear the solution gets before the gold crashes out! different experiments with different gold sources to refine are what i enjoy about your channel Thanks for sharing Mr Sreetips 👍

[@Uraeus_]

I'm very curious if Sreetips can find a water clear equilibrium of Sodium Metabisulfite and dissolved gold. It would be a great way to hide your fortune...

[@timhooper1557]

@@Uraeus_ Now that would be some heavy water! lol

[@timhooper1557]

@@Uraeus_ Also might need an upgrade on storage solution!, Also wouldn't like to mistake for a nice cold drnk of water! lol

[@EdWolfram]

The extractor fan isn't happy again. Ty for the video.

[@christopherwallace826]

Was that the most expensive half oz you have done?

[@FLmetalhead]

Has to be

[@effff327]

Thank you!! They have recently added just a speck more to them so when you melt it can be exact now. I am so pleased with this!! Thank you

[@Ziegen-Sauger]

Ha! I did this last week ... But not witH 10x50. I used 5x1. I did 2 experiments: 1) shreded and aqua regia; 2) incineration and aqua regia. Experiment (1) just reiforced that indimeration is a must.

[@Ilovegold]

Now that was an awesome looking first spoon on final precipitation, best looking one yet. That seaweed was outstanding

[@SpartanONegative]

You went from alchemy to Sorcery Sreetips 😌 Excellent Science demonstration. Thank you. God Bless 🙏

[@looweeg4229]

He refines gold not and aluminium so he's an Auchemist not an ALchemist.

[@papasboy81]

Imagine how popular these would have been during the original 3 gold rushes

[@wqqdcraft]

omg I want some of those! I havent ever seen those before, they are so beautiful

[@ProspectorTripp]

Very Cool and Beautiful drop at 30 min! Reminded me of a octopus taking on the shape of a spiky crab! 😂 Terrific video capture.. AU looks pure and amazing! Thanks Sreetips Peace Prospector Tripp

[@jakepierson6208]

I wanna see how much gold is in gold sprinkles next.

[@jdrains16]

Or a case of goldschlager..

[@jakepierson6208]

@@jdrains16 Same here

[@TonyL-gw4qx]

That was good always wondered if you melted them down would there be the right amount of gold in there. Thanks!!

[@justinstolz4481]

The company that makes them is certified so I think they're pretty legit. The issue with them from what I've read is that they're sold at an ~100% premium over the spot price so you're essentially paying double what they're worth.

[@TonyL-gw4qx]

@@justinstolz4481 I know I have some of them. That is why I wondered.

[@scrapman502]

Nice to know they're made in the USA. Fake bills would probably contain Chinesium, and would just burn away in the flame.

[@douglashewitt5064]

Utah Gold Backs are good.Thanks sreetips.

[@PaulSweitzerSCo]

I wonder how much precious metals are in that cardboard base of the fume hood ( I still want the old shirt you used to wear 😀)...might be a fun experiment. Love all your videos brother...great for my mental health Cheers😉 The Sweitzers

[@markhaseley3304]

Thanks for the confirmation! I heard that they tried their best to have the new finished product "spot" on.

[@CuttinEJ]

Always fun to watch. Kinda a shame to melt them down though. I got a few 1s, 5s and 10s when they 1st came out. Seemed like a good deal at the time except for costing too much above spot.

[@HotDiggityDogg]

Holy crap! So it's really that easy! Maybe there is something to them gold backs. I never really thought of giving them a chance... Not bad at all!

[@GimbleOnDew]

Except the golbacks at this time would cost about $4000, that 1 Oz gold is only worth about $2100

[@kayllenstarships9009]

​@@GimbleOnDewhow is this 1 oz of gold when each of these contain 0.001 oz of gold

[@The_Gallowglass]

I never thought I'd see real slips of gold pressed latinum. Thanks Sreetips.

[@whatthefunction9140]

Maybe sulphuric acid would have been better to start with

[@darkallyrecordings4931]

Man......the gold turned out clean and beautiful sir. Top refining marks!

[@TomokosEnterprize]

Hello old friend. It has been far too long since I was last here to visit with you. I have a stack of these gold notes so this is going to answer a lot of my questions. I have added oxygen to my propane now. What a difference having that extra 2000F deg to the cup. It will easily boil my silver if I am not careful. I sure learned a lot from this post and the right thing to do is send mine to you for processing.Ya rock old friend. I hope to be back a bunch now.Take care eh.

[@sreetips]

Dean, good to hear from you. Stacking Gold Backs is better than stacking dollars. Long after the dollar is gone and forgotten, those Gold Backs with still be valuable because they contain GOLD. I want to convert to oxy/propane myself. But for now, oxy/acetylene is my current rig. Take care.

[@TomokosEnterprize]

I was able to buy an oxygen bottle outright so there is no monthly demurrage charges. I got the regulators for propane from the net. The torch I had. I am using a rosebud tip as well. I really like it. It has about a 9/16 across tip that I still run a nice, long, clean feather at low pressure. Just like a standard tip used for heating. It was a whole new learning as it will still boil silver if not really on the ball. I like the propane as it is easier to manage than acetylene and runs a lot cleaner . A lot less $ as well.@@sreetips

[@TomokosEnterprize]

Hello again. @@sreetips I had oxy.propane on my cutting table at work. 2-1/2 inch TQ100 plate was cut with ease. It was a no brainer when setting up the new bench as it runs sooooo much less expensive than Acetylene. No black thingies'' floating around the shop and adding the oxygen gave me all the heat I will ever need. I was able to purchase my oxygen bottle outright so no monthly charges. $80.00 per fill when needed. A rosebud tip run low and just enough gas for just the right heat. Not too high and a full 1/2 inch wide flame. It is awesome. I have always wondered why propane tips are so different from Acetylene ? If anyone knows I will sure like to hear from them and I will pass that along to everyone. Nice easy day on this Xmas post. See you again and take care old friend.

[@speaklifegardenhomesteadpe8783]

​@@TomokosEnterprize just subbed you! Interesting videos you got. God bless ❤😊❤

[@ShroomDay0117]

The seaweed affect that you had going on looks a lot like the most recent footage of the sun caught on video with some new camera technology. VERY COOL! Thanks for showing that off!

[@FLmetalhead]

One expensive way to get a half oz 😂. Love the content.

[@Vile_Entity_3545]

I can’t see the justification how a 50 costs $200 when it has just over $100 of gold in it. They can’t be legal tender and only worth the gold that is in them. So if you go into a shop can you only get $50 worth of goods and if so then they are useless. I do not understand and looking online tells you nothing but what they cost to buy, sreetips showing the gold has 1/2 that number and on the note it says 50.

[@danielclemens3477]

​@@Vile_Entity_3545 just like fractional bullion bars and coins here the cost of manufacturing, etc "premium" will raise the price

[@kivie13]

@@Vile_Entity_3545 Its called utility value. Just like you would not sell your perfectly good running vehicle for its melt value you would not sell your Goldbacks for their melt value which is the spot price. Goldbacks are worth more than the spot price due to its utility value of them being put into a hyper fractional spendable form which are being accepted by a lot of businesses in their home states. The premium or utility value stays with the Goldback as long as that Goldback retains its utility (form factor). If you have GBs that you try to spend at a business and that business owner tries to accept them at spot then they are trying to get one over on you just as if a business tried to sell you a gallon of milk for 50 dollars and you would do what any normal person would do and that is go elsewhere to buy your milk. In the end, the market decides the value and it seems that especially for the one denomination its actually above a 100 percent premium in a few places. If anything this deconstruction process shows just how much goes into a Goldback and it's an amazing technology.

[@JohnD-JohnD]

Thanks for showing this. Not worth melting them down since intact they are worth a good amount over spot. Good to know the amount of gold in them is accurate.

[@Fortuna_716]

Idk man I see lots of these, 25 and under going for 100 something bucks, you could turn 130 bucks intos thousands. Seems pretty practical to me

[@JohnD-JohnD]

@@Fortuna_716 Where are you finding them for that price?

[@Fortuna_716]

@@JohnD-JohnD mercari

[@BlindDude]

Wouldn't these be worth more as gold backs?

[@sreetips]

Probably

[@mjay4700]

That precipitation with the seaweed motion was beautiful!

[@shotout74]

That was an interesting novelty. I had never heard of Utah Goldbacks before today. I just feel bad for you because if i figured it correctly just getting to the part of the video where you weighed the button cost you over $1,200. That is a lot of outlay for our entertainment. As always enjoyed the video.

[@niagarajoe4402]

His “profit” is made from KZbin ad revenue…..that’s why he can do videos where it’s either a push or a small loss and still be profitable

[@shotout74]

Yeah I know how that works, thanks.

[@niagarajoe4402]

@@shotout74 you said you “feel bad”…..there’s no need to feel bad if you know how that works…….thanks 😂

[@shotout74]

He's still out $1,200 as a business expense for a video just for entertainment purposes. His normal videos don't include expenses outside of what he does anyway when he is refining scrap.

[@niagarajoe4402]

@@shotout74 not true on every point you tried to make……$1200 as a business expense where he got a $800-$900 return is a loss yes, but in content creator expenses is a very small one. Most KZbinrs lose money on the production of their videos (just for “entertainment purposes” because what else are they creating the content for?!) and make it back plus profit on the back end. AND every single one of his videos INCLUDE expenses….BUYING the scrap gold itself (it doesn’t just magically appear)…..BUYING the chemicals (which aren’t cheap) $1200 is very cheap to produce content especially when 2/3s if that investment comes back just in the final product alone

[@markae0]

Great video! I was worried you might be boiling off some gold with all the heating you did, but looked up the numbers, Gold boiling point 5378 °F, and propane burn temp. 3,560˚ Fahrenheit.

[@GalenLeRaaz]

Since I ask a lot of questions, here is one more, just to keep up the tradition I've noticed a lot of microscopic beads of gold and other metals on the used melt dishes, as well as purple discolouration (which, I assume, is also gold) - are You usually processing those as well in order to recover metals? If yes, how the process looks like and what methods do You use?

[@sreetips]

I saved all my old melt dishes. Someday I’ll try to get the beads off and do a recovery/refining. But I’m very low on time. Getting towards the end of the season.

[@goldsilverjunkie]

And that's why I asked few weeks ago about them too if he's willing to sell them because they look really tasty 😅

[@scrapman502]

Try soaking the melt dishes in dilute Sulfuric Acid. It's just Melted borax. Any metal beads inside the dishes will come out easily after all the borax has been dissolved.

[@sreetips]

I’ll give it a try to see what happens.

[@mikeconnery4652]

​@@sreetipsthat would be a nice video or added to a video.

[@blastinstarrecords3108]

I bought some goldbacks . I'm glad I did.

[@redmanbad8869]

Close to $2k worth of Gold Backs melts down into less than $1k little bar of gold?

[@CuttinEJ]

It wasn’t $2k. The 50s are 1/20 ozt each, so 10 would be 1/2 ozt or about $1k.

[@ap3314]

​@@CuttinEJBut 50 goldback costs 216$. The price of goldbacks he cut was 2160$. He got only about 1000$ worth of gold.

[@CuttinEJ]

@@ap3314, that’s right, but the gold content is stated on the goldback and that’s right at what he recovered. The difference in price and yield is the cost of producing them. Some people might call that “premium”. That difference being so high is why I only bought a few when this was a new thing, just to see. I haven’t bought any since and I don’t foresee ever buying any more. There are better, more efficient ways to accumulate gold.

[@sreetips]

I did this for the show. A million views is worth about ten grand. Plus, I get to keep the gold.

[@sreetips]

I’ll use the ad revenue generated by this video to buy more GOLD.

[@donaldwalls3737]

15.2 plus 15.2 is almost thirty and a half grams, a few grams over. Every melt video of the Goldbacks come back over. Great video, beautiful bar!!

[@MountainOfTruth]

A troy ounce is 31.1034768 grams, so recovering 30.4 grams is a bit under. A non-troy ounce is 28.3495 grams.

[@Joe.Rogan.]

I was waiting for someone to take a chance on these things and see if they were legit. For the next experiment can we boil down some silver in solution to see what happens like we did for the gold in solution the other week?

[@canonicaltom]

No stannous test? You know you have us all trained :D

[@Mountain_Man]

How have I lived in Utah my entire life (38 years) and never heard of these

[@myfastcars]

You amaze me with each video you produce. A few questions for you. 1. How much did you invest in the Gold Backs VS the value of gold bar produced? 2. How did you come up with the name sreetips? Cant wait to see your next adventure. Thank You. Bill

[@sreetips]

I traded paper, that declining in value, for real money: GOLD. The name sreetips is a meaningless word, like Kodak.

[@SithMami]

God, each little gold bar comes with its own fingerprint. So lovely. I can see why you love it so much.

[@charlesinscore4107]

I have wondered about those. That is a cute bar. Ans rhat gold drop, looking to me like river moss. One awesome show tonight. Thx

[@abramtaylor7575]

I love the Goldbacks. The return to sound money.

[@sreetips]

After the dollar is long gone and forgotten, Gold Backs will still be valuable. Because they contain GOLD.

[@korpse6rinder]

I wish all our money was still made of gold, silver and other precious metals.

[@sreetips]

Gold and silver are money. Paper dollars are money substitutes, that can be printed into existence. Gold can’t be printed. Just think about that. The dollar will fade into obscurity like all other forms of fiat money. But gold will still be valuable long after the dollar is gone. Paper dollars rely on a government to give them value, third-party validation, they call it. But GOLD needs no third-party validation. Gold stands on its own. You don’t have to wait for them to put you on a gold standard. You can go on the gold standard yourself. Just take part of your earnings (10% is a good number) convert it into gold (karat jewelry is an excellent way to hold gold, it will track right on up with gold bullion) put it away, and forget about it. If you need paper to pay bills or buy food, then just sell a little of your gold. It’s easy. And they can’t print more gold!

[@mikeconnery4652]

That was an outstanding refining and a beautiful gold bar.

[@ryanhampson673]

Never even heard of gold backs before but it nice you verified their claimed amounts. Looks like I have some new things I need to collect now 🤣

[@sreetips]

You can’t go wrong, because they contain GOLD.

[@speaklifegardenhomesteadpe8783]

They're beautiful and a great alternative to currency! I made a video awhile back about them but seems they changed my affiliate code, oh well, I give the best place value wise you can get them. They feel so nice😂. Can't go wrong imo! ❤😊

[@dimorvanerkel2025]

What a beautiful Gold precipritation....thanks to you for showing this....i learn from this!👍greetings to mr Sreetips from the Netherlands

[@sreetips]

Greetings

[@DonaldTanner-q2l]

You got down on the gold back home boy you did every conversion known on the old gold back

[@davidgardiner3386]

23rd of December 2023 that's worth £3447.77 in the UK today Mr sreetips what were they gold backs I've never seen or heard of gold notes like that in my life can you buy munchies with them?

[@mayhemarmwrestling]

I wonder if the commercial process is as good as what you did. That to me was art and that gold bar was beautiful

[@sreetips]

Commercial refiners use electrolytic gold refining. I’m just a hobby refiner. An advanced beginner!

[@BenjaminSteber]

Sreetips here. Got another order from Utah here. Gold plates with some funny language written on them. I think one stack says Levi, the other says Nephi. We’re going to melt these down, inquart and refine them. See what we get.

[@felsinferguson1125]

A new religion, probably... 🙄

[@markcerone1102]

This hurts me to see these melted down, but also, it's reassuring that they are what they say they are

[@lourdesmayorga4592]

I didn’t even know gold backs existed! Thank you for the video, always something interesting!

[@falcorthewonderdog2758]

Its a 50 goldback that weighs 1/20 a troy ounce. Gold spot today is 2075. That means the 50 goldback should have 1/20 of 2075 dollars or about 103.75 value. Did i do it right?

[@sreetips]

Sounds right for a single 50 Gold Back. I did ten of them.