In India, people generally prefer gold over currency due to its value and appeal. Moreover, Goldbacks' striking appearance makes them highly attractive, leading many individuals to accept them readily.
@mth4698 ай бұрын
@@IndianHobbyist have you tried (or has anyone tried) to exchange them for goods to see if they would be taken in exchange?
@IndianHobbyist8 ай бұрын
@@mth469 We have not tried exchanging goldback for goods yet, but there are many videos on KZbin by different bullion influencers and collectors who have done so. Recently I saw of video of a Goldback dispensing ATM as well. There are gold dispensing ATMs in India as well.
@mth4698 ай бұрын
@@IndianHobbyist well the point of gold is to save it. what gets spent is the stuff losing value (rupees) until one runs out of that and the ability to acquire that. so goes the theory. gold feels rather expensive now.
@aseemmahajan26578 ай бұрын
How to buy it ?
@IndianHobbyist8 ай бұрын
I bought a few goldbacks from APMEX and had them sent to my relative in the United States. In the video, we are showcasing the complimentary goldback that they shipped during their (Goldback) inception.
@sandeepnaik68188 ай бұрын
*It's not original gold plated*
@IndianHobbyist8 ай бұрын
It is 24 karat gold enveloped in a plastic sheet.
@jaybarr33076 ай бұрын
It is not "plated". They use vacuum deposition to add the gold and it is then sandwiched between polymer. Very tough to tear.