The Best Silver you can Stack & The Florida Goldbacks!

[@LizaJane84]

Ommmgggg YESSSSS Finally someone stating the truth & excitement about this wonderful movement!!! If only people could understand it's like trading a numismatic slabbed coin vs a raw one!! The polymer coating is like the slab on a coin it helps the metal retain its numismatic, premium and collectible trading value so you don't lose the premium AND they're fungible in a "Retail" Market❤!!!! How Awesome🎉🎉🎉

[@cjallen425]

I do accept Goldbacks at my store in North Texas

[@Jt-rl2ko]

I love Goldbacks, almost everyone i have shown these to decide they want to get their hands on some

[@eaganmount4244]

These Florida goldbacks have the best artwork yet imo.

[@robertwalker8453]

It still looks like a lot of people are resistant about seeing the Goldback as an alternative currency. With Goldbacks expanding in to Florida hopefully the concept of GB as an alternative currency will spread. Although there is a USD amount that Goldbacks are pegged to on a variable basis. It would help for people not to think about Goldbacks in terms of dollars. The premium that everyone seems to have trouble with is the cost of making the gold content hyperfractionable in a reliable, physically securitized format. It always amazes me how people think that this can be achieved with no cost. All products have a production cost. The beauty and strength of the Goldback is not only its hyperfractionality, but also the fact that it is so darn hard to counterfeit. Imagine if gold reaches $5K an ounce. There is not a reliable piece of gold small enough that can be used for small transactions out side of a Goldback.

[@kenofken9458]

Goldbacks are not hard to counterfeit. They're hard to do at an amateur level, but you can bet state actors like China, Russia or North Korea could produce counterfeits that would be indistinguishable to most people.

[@robertwalker8453]

@ Before you make that assertion please read up on the counter measures. One of the counter measures that Goldback are made with is that have specific color and transmission wavelength that’s specific to a particular thickness of gold which is a unique physical property that can only be confirmed with radio spectrometer. There is no counterfeiting that physical property in other words it is an immutable physical property. Russia can barely keep their planes in the air over the Ukraine and North Korea ballistic technology is still infantile that’s why they’re sending troops to the Ukraine to get slaughtered so that Russia will give their ballistic program a boost; nevertheless, neither Russia, North Korea or America for that matter can change the laws of physics. Secondly Goldbacks have a precise electrical resistance that is specific to the exact thickness and content of gold in the note. This value of resistance cannot be counterfeited it is a unique physical property of gold; the only way to replicate it this to have the exact amount and thickness of gold that is in a Goldback. So your assertion that they are easily counterfeited, whether you agree with use case premise of Goldbacks or not, is erroneous. You may want to tell me that I am a shill or asshole but that does change the fact that-SCIENCE STILL MATTERS!.

[@kenofken9458]

@@robertwalker8453 How many regular people or retail outlets will have a sophisticated suite of testing instruments on hand at all times? An XRF gold tester runs around $20,000 per. Counterfeiters don't have to be able to fool the engineers and scientists at the legitimate issuing government. They just have to make something good enough to pass a layperson's reasonable inspection. Things like holograms, micro printing, special strips that react to UV or IR light will deter the DIY crook, but they are all well within the scope of state actors and even large criminal organizations. What will save the goldback in the short term is the fact that the market for them isn't big enough to justify the production costs for professional counterfeiters. If the market for these things ever grows beyond a handful of millions to multi-billion dollars, you'll see counterfeits. I'd be very surprised if one or more bad actors has not already done some serious R&D on the possibilities.

[@jasonking7729]

Texas is trying to push for gold and silver currency! 🇨🇱🎉

[@Alexander-g4q1s]

This was good , I like the Goldback , I believe in the Goldback , Thanks Spegtacular !

[@AbeTaylor-bd9oe]

Love Goldbacks.

[@ddprepper5227]

Excellent report 👍👍👍👍👍👍

[@Edcar-z5x]

The problem with goldbacks is if they fail or people decide they don’t want them there is too much trouble getting the small amount of gold out. Right now no one will take them where I live. For me they would be just a collectible. A small gold coin is much more easily stored and traded.

[@Spegtacular]

Where do you live?

[@Edcar-z5x]

@ Augusta Ga, sometime we take a long time to catch up. It’s a poorly run city.

[@Spegtacular]

Well, it went Red this time around so we’ll see how GA does. I believe FL is the tipping point so we’ll see.

[@d-bird5815]

Gold backs is to be spent as currency,not to be some how extracted out......

[@Archpope]

When you buy a Mercury dime, you don't melt it down. These will never be worth less than the gold they're made of. If you bought these in 2019 you already got your premium back. And no one has to assay it, because it's secure and can't be faked.

[@CopperStateCustomAdmin]

loving the florida look

[@Spegtacular]

Wait until you see me unbox them!

[@CyrusOfNaias]

Constitutional Silver and Silver Eagles will be the best silver to hold going into the next paradigm, I am quite certain.

[@JoeStacks419]

You are correct. The last 3 mini squeezes were very convincing.

[@Whalermansteve84]

I live in Florida also and I’m excited for the goldbacks. I have a ton of them already from other states. I use defy the grid for mine , lowest prices and fast shipping, plus with each order they throw in a free limited edition goldbacks.

[@Khd-40]

Great video, I agree with your view on goldbacks .

[@bradleyozbun1012]

💯 on the take ! Speg ! My state is not in the gold back program. However ! I myself enjoy the artistic side of the goldbacks . I felt it was prudent to have a few Of them, since I'm a stacker/ collector or silver and gold. Thx. For the show !

[@chrissahar2014]

I ordered a few of them (but nothing higher than $10 denomination as my expenses have been high) but the lower denominations feature some gorgeous artwork - I agree the best I have seen to date from Goldbacks.

[@annajohnson3309]

That's funny when a gallon of milk is over 5.00 a gallon or gas over 260.to 5.00 a gallon a stake or pound of ground hamburger 5.50 to 11.00 a pound for stake .but I get your point . A buggy full of groceries will almost cost you a 1/10oz. of gold 😢 good video

[@dallindickinson9363]

Halfs 2s and 100 gold backs!!! That's awesome

[@d-bird5815]

Great video speg, hopefully the gold backs will take off. I like em. If anything they'll make a good collectable.

[@robertschumacher513]

I’m impatiently waiting for my Florida goldback preorder

[@Spegtacular]

Me too. I’m hoping for the second week of the new year. Fingers crossed!

[@TheQuickSilver101]

Have the Goldback folks fixed their lamination issues? That gave me some amount of hesitation in buying them

[@FoxValleyStacker]

there is a 1 year test out there . one goldback folded in a metal wallet clip carried daily. after a year one goldback barely frayed at the edges and basically looked good

[@TheQuickSilver101]

@@FoxValleyStacker Yet I have one that's separated to the point where I can peel it apart after sitting in a drawer for ~18 months

[@FoxValleyStacker]

@@TheQuickSilver101 the few that i have never left the sleeves they arrived in, and i dont live in a state where they are used commonly. my locals will buy and sell them i think they are pretty notes. i mean are they aiming for art or currency? durability matters, weather and dirt and such

[@Goldbacker00]

The silver aurum notes made by Goldback are made specifically for numismatic collector's etc, not for money use like goldbacks. Like you said they're about 2¢ in silver or something crazy like that. They're not meant to be used in the same way as their gold brothers.

[@dennisniemier3024]

Buy the Dips 🎉 Happy Thanksgiving 🦃🦃

[@THEGOLDPILLAR777]

I have some goldbacks from each state definitely grabbing one 100 Florida goldback two of the 2 goldbacks and two of the 1/2 goldbacks !!!! 🎖️

[@hippiehillape]

I like the goldbacks as collectable. Y'all trying to make it real is amusing though.

[@d-bird5815]

Can't get more real,than real gold as money....

[@danielbbq]

After having done over 300 Goldback transactions I find them very usable

[@jamesreal7987]

HEY SPEGS HAVE A GREAT THANKSGIVING AND SAY HELLO TO MRS.SPEGS BE SAFE GOD BLESS

[@AdamWest-h5z]

I have 130 of the goldback ones and a few of the other denominations yes i stack goldbacks

[@randyriggin8306]

If you buy the goldbacks on a premium your should trade sell or buy at a premium correct

[@TheMostSlyFox]

A business would most likely tell you they'd accept the spot value of the goldback in return for goods. I know I would. When I could just have cash instead, and buy gold at a 2-4% premium, why would I accept a 100% loss in metal value from someone

[@zebcherry]

Great show, back in the day people would just cut a little bit off of a silver round!!

[@TheMostSlyFox]

I'll accept goldbacks at my farmers market, but only at spot price. Same with silver. I'm not taking the loss dealers push on buyers when I could just take cash.

[@Spegtacular]

You can accept them on your own, nobody will stop you. However, in order to be recognized by Goldback as a company as someone who accepts Goldbacks, you’ll follow their rules which is a fair price for both buyer and seller.

[@TheMostSlyFox]

@Spegtacular it's definitely not fair to the initial buyer of the goldback. They lose 2x their purchasing power instead of just using cash.

[@Spegtacular]

They don’t lose purchasing power. I believe you need to read up on how they’re used and accepted.

[@OzkAltBldgCo-bv8tt]

My fingers are crossed that the half a Cent and the 2-cent piece make a comeback.

[@moodyjames7871]

100% premium for gold? Geez where do I sign?

[@TheMostSlyFox]

If their premiums were closer to 5% I'd get some.

[@larrydegeorge386]

I love your channel and the content with you and Guy! Happy Thanksgiving to you and your family as well as Guy’s… 🦃 Remember to stand up for your Country! 🙏🇺🇸🦅

[@liquidelectrum]

Great video

[@ConnerWild]

They don't tell you the manufacturing cost but it's about 1$ premium, you can tell by the new 1/2 GB being 1.5$ in melt n 1$ premium for a 2.5$ billn back in 2019 they cost 1.5$ melt plus 1$ labor is 2.5% it was 40%, silver coins cost 10% premium n copper 600%

[@907Opa]

Great content! Hard pass for me on goldbacks!

[@324amgela]

Where you buy those gold back 24k

[@danielbbq]

DefytheGrid

[@ronaldgartner3700]

After going round and round on the cost and weight of the dime thing and pure 1/10 oz silver, i now buy UNC dimes. People are more likely to handle shiny objects in stead of old dirty ones. Its the same with all fractional silver, high premium. Its cheaper to get an ounce of silver thru 90% than thru %100 pure fractional. I would buy i gram of gold before buying goldback. Thanks for vid

[@bill4572]

Out of Roosevelt dimes hopefully I can get a black Friday deal

[@gared287]

I am in CT, so there is no exposure to these. I looked on a bullion website and they are selling for a little over $5.00 for a 1/1000'th bill. If I walk into a store that accepts them and purchase something, what amount is that Goldback worth? Is there a site that updates the daily exchange rate of these? Thanks!

[@Spegtacular]

Yes it’s the Goldback website which has the exchange rate

[@gared287]

@@Spegtacular Thank you!

[@gared287]

@@Spegtacular Do you suggest a specific dealer to purchase these from? Thanks.

[@Spegtacular]

You can purchase through me at Spegtacular.com or any dealer you happen to like :)

[@PatriachalRain]

Makes sense to me Speg !

[@sstrauss6752]

Is there a simple test method available to test gold content in a gold back? If not, I would be reluctant to accept them in trade. At least gold and silver coins or bullion can be tested.

[@Spegtacular]

It’s based off Goldback’s guarantee. They can be melted down for their gold content (there’s some proof videos out there) and they would be extremely difficult to counterfeit.. nothing is impossible but verrrrrrry tough

[@PamalaClift]

@@sstrauss6752 the reason to buy them is they cant be counterfeited and they are micro validated in their manufacturing process with numbers. You dont need to test them.

[@chrisjones2432]

Would your company be interested in a PCGS xf45 1859D $1 gold coin

[@bosstone100]

You get the premium back on GBs only if the party taking it buys into the concept. Having said that, based on the $5.40 1GB price, it still has more gold value than USD, which is zero. BTW, will Guy be taking them?

[@Spegtacular]

There is a set-in-stone party that is always buying. I think the confusion a lot of people run into with things like this is being unaware of how they work. Once you realize the checks and balances in place, I believe you’d be more receptive towards it.

[@Spegtacular]

Yes, Guy does accept them as well as me.

[@bosstone100]

@Spegtacular I have about 16 GBs myself and I'm definitely going to pick up the set for Florida since I lea live here as well. I just don't know how far I'd go with it. There's only so many dollars to go around.

[@324amgela]

That gold back it's the same of those 24 karat foil

[@machine260292]

I don't have any above 10, but considering getting a fl 25. Best design of the bunch imo

[@Spegtacular]

I love the 5!

[@lookhere8800]

Hi, Seth What you do with the 1/100 of an OZ, 24k essay I sent you in 2020, (hope you still have it) it’s now worth 15% More now then when I sent…

[@Spegtacular]

Dunno who Seth is

[@Seven-Seven-77]

In regards to goldbacks, I think they are nice collectible but considering there may be $2.50 worth of gold in a goldback and would cost approximately $28 to extract that Gold, in my mind It simply does not equate. However they look nice, they are money related and they may suit some collectors but definitely not a Stacker, for this reason I could never see them used as currency.

[@Spegtacular]

Wait.. why does it cost money to extract the gold?

[@robertwalker8453]

Goldbacks are do not exist to have the gold extracted; that is the antithesis of the purpose for the Goldbacks which is an alternative voluntary currency based on hyperfractionalized gold that is secure and reliable. If you melt them down you defeat the purpose. The Goldback is not just the gold; it’s the gold and the high tech security features.

[@robertwalker8453]

@@Seven-Seven-77 In fact, I would go a step further and argue that it takes a cost of $28 (by your estimation) to liberate the gold from a Goldback that should be a clear indicator of the cost (“financial energy”) tied up in a Goldback which translates into the utility value that it has beyond just its gold component. The billet of steel used to make a high end knife may only be worth $10 but when the steel has been worked, processed and forged in a knife that can provide great utility and value in allowing its user to perform many tasks that would otherwise be more difficult than the value of the knife exceeds $10. You could melt the knife back down into a billet worth $10 but then the value of its greater utility as a knife is lost.

[@PamalaClift]

I have at least a Troy oz of goldbacks. I tried giving my son in law a choice. $20 US dollars or 3 goldbacks… he picked the goldbacks even though they were currently worth less. He said because it carries the possibility of rising, the dollar is definitely falling. Goldbacks are beautiful. They draw the eye. They appear valuable…where as the dollar is known to be just paper.

[@tjhafen31]

I’m glad you sorted out the goldbacks exchange rate, they get a bad name but the “premium” is absorbed with the exchange.

[@PamalaClift]

When SHTF hits everyone with coins and bars will have to go exchange at a coin shop. Coin shops are not full of money…if everyone is trying to cash in they are not going to even pay spot…probably stop buying gold…so your not going to get what you paid out for the coins and bars.

[@danwebb755]

My great aunt had a wallet purse like that. 😅

[@Logan0o]

How does a state get a gold back? I know its a private company that makes them and that they are not considered a state currency. Im over in Louisiana and would love my state to get a goldback, is this a process that requires state legislatures to get involved? Would be a cool video to make Speg so maybe it could incourage people all over to push for more and more state to sponsor a goldback! Regardless if you make a video or not on the process could you or somone explain this process more on how to get a goldback for new states? Also i dont think calling it a dollar is a issue as thats more of a general word used for money, the USA isnt the only country to use the word dollar. I would think the issue would come up if you called it a USD or legal currency.

[@danielbbq]

Goldback inc gathers investments for a states notes. Anyone can dedicate their Goldbacks towards a states note.

[@danwebb755]

States won't use these. At best, they'll use a crypto-based stable coin/token, hopefully backed by gold.

[@Spegtacular]

States have approved them… legally.

[@PamalaClift]

@@danwebb755 they are already using them. The only problem now is more education to the world. Wouldn’t you want your new currency to have more worth than your fiat? $.03 of value paper currency is only because “everyone is doing it”

[@Seven-Seven-77]

I think it’s almost laughable that the Bullion dealers in USA have come up with this scheme of $1.40 equals an ounce because it doesn’t in most cases simply because of ware, in Australia we buy our predicable Coins that is 925 and 500 by the weight And that’s how all stackers should treat old Coins when talking about Silver weight, don’t fall into this dollar 40 trap

[@Spegtacular]

It’s the math though lol. You gave a rationale that it doesn’t based off wear. Wear will always be a factor with ANYTHING but without it as a factor, $1.40 is an ounce of silver. Period.

[@CyrusOfNaias]

A HALF Goldback??? 😆 Okay that's a bit much

[@kconnor4568]

I still cringe and I always will whenever I hear someone call constitutional silver junk silver. As far as I’m concerned some of our coinage is the most beautiful coinage in the world. Well especially in the first half of the 20th century, before we started using dead presidents. The INDIAN HEAD CENT, BUFFALO NICKEL, MERCURY DIME, STANDING LIBERTY QUARTER, WALKING LIBERTY HALF AND LASTLY THE MORGAN AND PEACE DOLLARS. These are some of the most beautiful and artistic coins ever produced.

[@Spegtacular]

Remember, it’s you that cringes. Junk silver really doesn’t care what you call it.

[@kconnor4568]

@ yeah I know it’s my problem but what can I say

[@Thrasher_Maui]

what up speg!!

[@Spegtacular]

Heyyy

[@Richmart1955]

❤ nice

[@allthingssilver7635]

Junk silver is the best silver

[@danwebb755]

Coins wear down with use. I dont think these gold bucks will hold up. A few folds, and people will question its gold ratio. It's a no for me. Bring back coins.

[@Spegtacular]

FYI, if they tear, bend, wrinkle, or become less than stellar looking, you can exchange them with a business who accepts them and they can then exchange them with Goldback for brand new ones ;) Cant do that with collectors coins

[@ReflectiveMetal]

Still rather have 90% over any gold backs

[@joelp6197]

I love the old dimes.

[@jimthompson9992]

Goldbacks.... interesting concept BUT humans being what they truly are....HUMAN....I just can't see them making a very large dent into commerce. They are beautiful in design and are fun as a collectible....I just wonder how fast a certain nation that's well known for making "copies" of coins and rounds will take before they're making "copies" of the Goldbacks.... probably not long! I'm just gonna take a wait and see on this.

[@RichardRoche-c2w]

The equipment it takes to make goldbacks costs about $5 million … and there’s only one place you’ll find it.

[@cjallen425]

@@jimthompson9992 About a 5 million dollar investment to make a goldback. I don't believe it is possible to counterfeit Goldbacks

[@SobrietyAndSilver]

Excellent channel. I am a new stacker (July of this year) trying to learn everything I can.bI did purchase 8 single GB's. I am doing everything in my power to convince myself of their worth. I do like the fact that there is no spread on them. Awesome channel...glad I came across it.

[@darbysdownhomedetecting]

As a country we would be better off having our money backed by good and silver. Just my opinion.

[@Spegtacular]

Yes, but it’s not happening.. however, this is. Just sayin

[@Coinsense777]

You say that we repeat history it’s the same thing whith gold backs there was originally Deferent currency per sate

[@WhiteRaven12773]

i think more people are going to hold and collect the Florida over all

[@Archpope]

One thing you didn't point out about Goldbacks is that you don't need to be an expert to know they're real. The market is currently being flooded with fakes, even fake Mercury dimes. As a business owner, I may not have the expertise to tell if a Mercury dime is fake, but no expertise is necessary to take a Goldback. There are no fakes on the market, and likely never will be due to it being cost-prohibitive.

[@MChat63]

Dude, very disappointed. A true Stacker Max's out every tube. They don't worry about 50 dimes per tube. Every tube will hold 3 to 5 more dimes. Just my take. Love your videos. Just busting your chops a little. Have a great Thanksgiving weekend.

[@seymourrivers6169]

I think it would be beneficial for our stacking community to get up to speed with how Elon Musk’s plans will change the world.

[@dominickraimo2411]

Happy Thanksgiving to you and Coin Guy and families.

[@PamalaClift]

So you are saying goldbacks are not worth in your mind because of the premium? How much is your paper dollar worth with NO value except…just cause someone says it is. Goldbacks all the way!

[@Spegtacular]

Who said that?

[@PamalaClift]

@ you didn’t. I was responding to multiple comments

[@kenofken9458]

Goldbacks are nothing but another fiat currency. Half fiat anyway. Half of their stated value exists only because the manufacturer says it does and because the people who buy them have a vested interest in playing along with that belief.

[@PamalaClift]

@ then you gold premiums are fiat as well, since you will never get those back.

[@kenofken9458]

@@PamalaClift Yes there are premiums for gold coins, but they're typically under 5%, not the 100% of goldbacks.

[@Angus775n]

Goldbacks are collectable novelty. No harm in having them if it is your thing. Not really viable as an alternative currency.

[@waynezazulka1429]

I’m gonna use my 30 bucks in junk silver in the future for my loaf of bread. BUT UNDER TRUMP I’ll FILL UP MY CAR AND BUY A LOAF OF BREAD FOR 3 bucks.

[@joshuagoodstriker3661]

@@waynezazulka1429 I’m not too sure about that. Even Walmart says prices will go up if Trump goes through with the blanket tariffs. A trade war with Canada Mexico and China will definitely not help with prices either.

[@bosstone100]

​@@joshuagoodstriker3661only because most of Walmart products are from China

[@butts-r-flyeffect2838]

Because Wal-Mart wants to keep buying cheap products from China and is incentivized to scare simpletons into supporting their position.

[@Statlernwaldorf]

This guy has really jumped the shark! All he does is put out videos so you pay (by watching) for his habit/collection -say NO to goldbacks & say no to this ridiculous nonsense.

[@PamalaClift]

@@Statlernwaldorf boy are you negative and closed minded. Sorry, but all good ideas start as NEW ideas.

[@baseball373]

DO NOT...waste your money buying Gold backs 100% waste of money

[@Spegtacular]

Can you articulate why? At least argue the point as I have.

[@PamalaClift]

@@baseball373 waste of money? Like we really want the $.03 fiat money? What could possibly BE MORE fake than the $. Lol

[@jondoe2467]

He's a shill. Payed to push them

[@Cosmicb699]

He is far from a shill. He is very honest

[@Spegtacular]

They gave me zero of them to make the video and no money or gifts. In fact, they have no idea that I made this video because I don’t ask for permission… so how am I a shill? I may be doing it wrong