The Most Controversial Gold Product in the World

In this video I talk about Goldbacks and the pros and cons surrounding this controversial gold product. Goldbacks are a currency that is made out of gold. Goldbacks can be used for barter and are becoming more recognized across the world. Goldbacks come in 5 denominations and currently have 5 state designs. There are Utah Goldbacks, Nevada Goldbacks, New Hampshire Goldbacks, Wyoming Goldbacks, and South Dakota Goldbacks. Some of the negatives for the Goldback are the fact that the premiums to obtain them are very high and they can be difficult to find. Goldbacks are quite new only being out for 4 years now and are less liquid compared to other gold products. Some retailers have high premiums on Goldbacks over the exchange rate making them even less attractive. Some of the positives for the Goldback currency are the fact that they are educating the public about gold and encouraging the use of sound money. Goldbacks also track the price of gold and have gone up in value as gold has gone up in value. Below is the Goldback website:
Goldback Website:
www.goldback.com/
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The Goldbacks seen in this video were provided by Goldback Inc.
Disclaimer: Some of the links are affiliate links where ill earn a small commission if you make a purchase at no additional cost to you.
Topics I cover in this video: goldback, goldbacks, goldback currency, goldback pros and cons, goldback negatives, goldbacks good bad and ugly, goldbacks currency, goldback notes, goldback bills, goldbacks barter, what are goldbacks, are goldbacks a good deal, are goldbacks worth it, utah goldbacks, nevada goldbacks, new hampshire goldbacks, wyoming goldbacks, south dakota goldbacks, gold, gold coins, gold bars, buying gold, best gold for barter, gold investing, investing in gold, gold investment, goldback negatives, goldback positives, gold back, gold backs, goldback wallet, goldback unboxing, goldback video, goldback website, goldback youtube
#gold #goldbacks #preciousmetals

[@CCM2361-]

I love the idea of Goldbacks as a barter currency. When I first got into stacking 2 years ago, Goldbacks were the only way I could afford to buy gold.

[@preciousmetals7114]

HUH? you can buy 1/2 grams

[@a_reptiledysfunction5267]

They’re a lot less dumb than our current circulating money

[@mitch758]

I buy them and every time I go out to eat along with the tip I'll leave a goldback. Its fun and the waiter usually asks me what it is and i tell them. It may be the seed that gets that person into investing in precious metals.

[@LizaJane84]

I have seen precious metal dealers at gun shows accepting them for payment of hard gold & silver and I've seen dealers selling them to new precious metal buyers. I've also seen people using goldbacks to buy guns & ammo at the gun shows and that's in states that do not have their own Goldbacks YET!!🎉🎉🎉❤

[@gregorybourgeois9626]

I live in Utah. They were the first state to come out with Goldbacks. I started buying them a year and a half ago when I learned about them in an Epoch Times article. Prices were lower then. They are legal tender in Utah for payment of goods and services. I like the idea of smaller fractional gold, just like junk silver is. Both are sound money. Shop around if you decide to buy. Don't buy from the online bullion dealers. Too expensive. I purchased mine from Defy the Grid who is based here in Utah. Besides, the artwork on these alone are second to none.

[@DeGreyChristensen]

We use defy the grid as well! We love using goldbacks. We’ve paid at restaurants using them. My dad even used them to pay a handyman (about $600 worth). We accept them at our business too!

[@aminmalik4086]

Hero bullion

[@kooziesan]

Fractional gold is a great thing, but paying over $4000 an ounce to get it is just crazy

[@aminmalik4086]

Meant for spending not for stacking. Also they can be bought for less than their trade Value.

[@JOHNBANNON-ib3cj]

GOLDBACKS SUCK...PERIOD!!! IN MANY WAYS!!!! I have SOME fractional Gold Grams to 1/2 oz and ozs. . And ya Over $4000 an oz IS CRAZY!!!

[@JOHNBANNON-ib3cj]

@@aminmalik4086 LMAO!!!

[@yendorofny]

Hero Bullion has great deals on them. I just sold gold eagles and transferred 80% to Goldbacks. Maybe they'll grow on you, eventually. Either way, have a great Christmas/New Year's!

[@rabidninja5547]

@@aminmalik4086 LMFAO....THESE WILL NEVER CATCH ON. THEYRE A SCAM AND ONLY SUCKERS ARE BUYING THEM

[@microlling3582]

I buy them for a few reasons first is to support a company that bucks the system, second is that paper dollars are worthless and loose value every day, third is that it is another option for barter.

[@kenofken9458]

The people selling goldbacks seem very eager and willing to take those "worthless" dollars.

[@DeGreyChristensen]

@@kenofken9458which they then use to buy more gold to make more goldbacks.

[@danielbbq]

​@@kenofken9458some can find value where others cannot. The question is why is this the case and is one missing something or not?

[@EricWeisenburg]

​@@kenofken9458yeah, but no one ever said they are holding those worthless dollars. They can currently be transformed into tangible goods. That's what I try to do with my garbage fiat dollars.

[@kenofken9458]

Most of these bullion dealers, and everyone else in that business keeps most of their wealth in dollars. They bank in dollars. They invest in stocks and real estate and retirement plans in dollars. They pay their suppliers and creditor in dollars. They clearly value and trust and desire those dollars even as they tell everyone else they're worthless.

[@snappertrx]

I love these things and contacted them about getting Florida Goldbacks. Needs a bit more money than I have, but I'm considering starting a petition to get the governor to invest the capital in making Florida Goldbacks a thing, since he is already fighting CBDCs.

[@jacobcole9511]

Wish missouri would come out with there own designs also

[@danielbbq]

There is a goldATM in Florida now.

[@Whalermansteve84]

I live in Florida too. Hope Ron desantis accepts goldbacks in Florida.

[@snappertrx]

@@Whalermansteve84 We need to make a push to have Florida fund Florida GB creation. I spoke with the GB creators and I think they said it would take an 18m dollar investment to create enough to be used in the state, along with acceptance by the state government. Funny enough, I'm literally listening to the Tenth Amendment Center talk about Utah's Goldbacks right now when I saw your comment. I need to figure out how to get something going in this state!

[@danielbbq]

@snappertrx Here are the requirements for getting a Florida Goldback. 1. Favorable legislation for legal tender 2. Funding towards a Florida Goldback 3. A business network of businesses willing to accept goldbacks.

[@atxhooligan]

Goldbacks are great, they got me into buying metals and silver. Its also awesome way to teach kids about real money. its a great idea and i stand by them, they are also pretty and shiny

[@milohoffman274]

They are not made to replace bullion or for stacking. They are designed to be an extremely handy form of metal based currency. It's much easier to use a wallet of foldable bills vs a pocket of coins. You are paying the premium for the manufacturing of a extremely durable and useful item not for the metal.

[@akajamesey]

I wish everyone was as smart as you. You said it perfectly

[@poli_zgaming3616]

Precisely, it's practically paying to put them into circulation. It just takes time

[@SuperDavidEF]

Except that they are not particularly durable, and it is recommended (by Goldback and by others as well) that you never fold them. Goldback even makes and sells a special wallet to carry them in so that they don't get folded or crinkled in any way, because as soon as they do, they lose value.

[@danielmarler8774]

I bought four fives about a year ago. They are cool looking but that’s all I consider them as for right now. Beautiful craftsmanship

[@dcjunior928]

I agree and I did the same. Actually gave one away to my dad

[@scruffyscrubs5468]

If more states would do goldbacks, they would be very useful.

[@Goldbacker00]

It's growing every year but the approval of the government is not required to barter with gold.

[@jefffarnsworth6726]

They are spendable anywhere. If you were to talk to a small business owner and explained them they would probably take them. All they can say is no. Large corporation chains will never take them but it's always a plus to keep things local! Have a wonderful day!

[@rabidninja5547]

​@@jefffarnsworth6726 spendable where? lol. Try to spend these things anywhere in my city and you'd get laughed out of the business. Wont matter if its a mom and pop or a corporate shttthole.

[@jefffarnsworth6726]

@@rabidninja5547 I'm sorry you live in a place where they are so closed minded. I spend mine all the time. I live in Idaho, perhaps you should consider moving?

[@rabidninja5547]

@@jefffarnsworth6726 Lmao....close minded? this isnt politics son...its a store of VALUE. No one with brains pays 100% or even a 40% premium when they buy gold. I doubt REAL gold bugs would touch these things. Its a novelty, nothing more.

[@danielbbq]

Today I can buy breakfast, lunch and dinner and anything the hardware store sells, in my area with Goldbacks, I know, I'm lucky. As much as I love PMs these are much more spendable. I've used them in 9 states so far (Maryland, Virginia, New Mexico, Colorado, Idaho, Indiana, Wyoming, Nevada, & Utah). Unfortunately, I can't buy much with gold and silver on a daily basis. I've been trying for years. Whenever I use a Goldback I'm telling the world that I don't trust fiat.

[@CongressSux1776]

Where do you buy your goldbacks?

[@danielbbq]

​@@CongressSux1776 See bio. The UPMA, DefytheGrid or Alpine Gold Exchange

[@sixksyn2847]

Goldbacks have educated so many new people on precious metals, I introduced one of my close friends to Goldbacks and it resulted in him buying his first 1oz gold bar. Couldn't be a prouder friend, I'm grateful for Goldbacks as they educate people on sound money and precious metals!

[@rabidninja5547]

so hes intelligent and DIDNT blow his hard earned fiat on this joke product but invested in REAL money instead.

[@georgeorwell3501]

@@rabidninja5547Joke product? What are you creating?

[@danielbbq]

This is true for so many. Goldbacks are a gateway to gold. Everyone should be excited about this fact. 75%ish of new gold buyers come in because of the Goldback. It's curious how our biases make it easy to reject wisdom...instead of rouse our curiosity. Take the $4k ozers. They only see that number and freak...but that is only what they see. It is only half the story. They could trade that 4k in GBs for 4k in gold if they were curious not blind.

[@generalesdeath5836]

@@rabidninja5547he’s thinking bigger. I use gold back 1’s to tip my favorite bartenders and all of them have gotten excited. Sure it cost me a little but I like the bartenders I tip them to anyway, and some of them get so excited that they have taken pictures of the gold backs and shared them on Facebook or other social media. I didn’t benefit myself but I sent out ripples that might inspire others to get some precious metals. One bartender told me it was the coolest tip he ever received. No regrets here.

[@sixksyn2847]

He is intelligent, he's in the top 1% earner for his age group. And your right, he did invest in REAL money, he has over 1,000 Goldbacks! I don't understand why you want to make it a war, were both on the side of gold>fiat. @@rabidninja5547

[@DeseretStacker]

Yep, we love our Goldbacks here in Utah! Great for different scenarios, diversify your stacks for any occasion that might come up!

[@blackboy4520]

I support it idc it is better to have Goldback than CBDC

[@sdrowlette]

I love goldbacks! I’m just collecting them for now, but maybe one day I’ll try to get businesses to accept them. I think they’re really cool.

[@JOHNBANNON-ib3cj]

Only FOOLS buy these things!!! YOU will get businesses to ACCEPT THEM!! haha GOOD LUCK!!! THERE CRAP!!!

[@UnprofessionalProfessor]

​@@JOHNBANNON-ib3cjBecause we should totally be taking financial advice from an obvious boomer😂

[@FamilyofFour30]

@@JOHNBANNON-ib3cjhey Einstein, it’s “they’re crap”, not “there” 😊

[@redpink9773]

@@JOHNBANNON-ib3cj Imagine having to use ALL CAPS because you're failing to make a point. Lol

[@mr.monitor.]

​@@JOHNBANNON-ib3cjsaid the top fool 😅

[@CuSTACKS]

I wheel and deal in Goldbacks eveyday.

[@michaeljenks6259]

I love goldbacks. Just bought some, not "invested", but my son loved it for a birthday gift.

[@Muriel-1112]

Every week I buy more of whatever is the lowest percentage of my portfolio and try to keep everything around 10%, but what could be my safest buys with $400k to outperform the market in 2024?

[@Jonesmatsunaga]

If you don't already know, acquiring assets with proper mkt direction ovrtime will provide more returns than doing it all at once, Thankfully, I can attest to the success of this approach aided by professional guidance seeing my portfolio of $330k grow by 25% this year alone... maybe you should do the same.

[@Jonesmatsunaga]

@Sadiwskiaaron Certainly.....'LUCY ROSE CARTER' deserves credit as one of the finest financial planners who decides what assets i acquire. Her reputation precedes her, and I highly recommend her on a public post, you can look her up to locate her online if you are INTERNET-savvy

[@Andres_853]

Thanks for sharing this. I curiously searched for her full name and her website came up top search. I looked through her credentials and did my due diligence before contacting her. Once again many thanks

[@hillarybriggs2561]

She act as a fiduciary. I know of her expertise. I have turned over more than half a million dollars working with Lucy Rose Carter on a very wide array of options.

[@modus_operandi2508]

Guns & ammo

[@BarndoVilla]

We just ordered our first sets of Goldbacks. We'll use them for our freeze-dried foods, produce, honey, wine, tours, and more.

[@nekk-ra7080]

I buy multiples of the lowest denominations at bundle prices when the new ones come out. One is a gift for my cousin, the rest I keep for myself. I consider them collectible because of the beautiful artwork, not just their gold value. Also , the smallest denominations are best for micro-fractional gold; for the 25 and 50, I'd rather get rounds/coins/bars, even though they are teeny.

[@LizaJane84]

What I don't understand is people don't mind the high premium of the worthless dollar bill they transact with, so why worry about the high premium that you are getting into with the Goldback and it will hold its value!!!🎉

[@kenofken9458]

The dollar loses half of its value on the scale of a couple of decades. With the goldback you take that 50% haircut in the couple of minutes it takes to complete their purchase.

[@user-iw4ty3jx9m]

@@kenofken9458Yeah right, more like a couple of years. Prices have doubled in the last few years alone.

[@rickstalentedtongue910]

@@kenofken9458 And gold price goes up steadily. As long as there is gold in them, they are more valuable than dollars, and will only be more so. The high premium is because of the extremely small fraction.

[@marty_the_party]

Love the goldbacks, beautiful art made of gold 👍✌️🖖

[@Thiago-777]

I really like how you talked about the premium in detail, I wish you brought up the spread on them. Great video and subject. Keep it up!

[@JOHNBANNON-ib3cj]

THEY SUCK!!!!

[@SuperDavidEF]

The spread?

[@WhiteRaven12773]

well the one thing about premiums .. when you buy or sell them you get it back .. sometimes even a gain if you found a deal .. also flip your thinking .. you have a $5 they print 1000 more you can now only buy 3.00 worth of good the GB's will increase in value it did this month from 3.99 to 4.20 ish.. thats a gain in itself

[@roberth4222]

Gold Backs being fractional gold to spend is no different with their premiums as any smaller fractional gold to buy. Dealers will charge what they charge, so it is on the buyer to shop around for a premium they are willing to spend. Gold Backs will always have a place to both spend and barter with. As always, it's wise to get in early to take advantage of a good thing.

[@talkwithtiffanychannel]

Agreed! These are a great tool to have just like any other investment 👏🏻👏🏻👏🏻

[@ryanfowler3175]

GBacks are super hot where I live, I buy, sell and make purchases with them. Remember that $4.22 is the average exchange rate, if you shop around you can get them for $3.00 to $5.00 or so when I buy things with them it’s more like $7.00-$8.00 exchange rate. I just bought my wife’s Christmas gifts ($390 fed notes price tag) with two GB10’s and one GB5, brand new stuff at a retail store! The two GB10’s and GB5 only cost me $190 fed notes. I really don’t see any negatives with GoldBacks. Oh and to try to melt them down or not take care of them, just plain stupid.

[@preciousmetals7114]

how is it more like a $7.00 or $8.00 dollar exchange rate please explain ?

[@Goldbacker00]

Goldbacks are the future!! some people see opportunities and some let them pass them by

[@teamamericamattdamon3486]

I bought about 300 Fiat dollars worth of gold backs when they were about $3 per gold back, costly yes but I like them plus if I were to sell them I would make profit right now, but I'm not going to probably going to keep them until I die.

[@user-fh2iz7gc9q]

Just received my first goldback yesterday and I like it. Appreciate the content love the channel.

[@toejam503]

I buy these as Stocking Stuffers. They're easy to send on a Birthday or Christmas card, when you don't usually send anything. I feel the counterfeit aspect of these Goldbacks and Silverbacks is a mute point. Like you said, Who would invest in the time and equipment? As far as melting them down to get the metal, Why would you? It's easy to stack, it can be a collectable, and it remains recognizable and easy to carry. I've only been buying the 1/1000 as they're easy and cheap to share. Not like giving a friend or someone a Silver Round or Eagle, Maple, etc. I just passed out 3 Silver Rounds to 3 guys I work with and a Merry Christmas. I'd like to see more vids on this Subject. Thanks for all you do 👍

[@kayeninetwo3585]

Thanks for a very informative video. I was 100% skeptical about Goldbacks before watching your presentation. After listening to your comments, though, I can honestly say I might consider viewing them in a different light. There are people out there who say, "Never buy fractional gold! It's too expensive!" I don't consider that a valid perspective either because higher premiums can often buy something of tangible value, like greater liquidity (which 1/10th ounces of gold can provide) or purchase confidence (which well known reputable dealers and shops provide.) I'm not saying I'll now start buying Goldbacks - I still have concerns and questions - but down the road it could be a possibility, at least if they become appealing to a large percentage of the population. Good point about GB's introducing a large number of people to the notion of using gold for barter.

[@buiesportscards5122]

I think Goldbacks are a great way to collect gold for those of us who don’t have the capital to buy 1oz+ gold coins/bars. Fractional rounds/bars do the same thing, but if I’m paying the same high premium, I would rather have the better looking, easier form of barter. I won’t buy a ton of goldbacks, but wouldn’t hurt to have 10 50’s, 10 25’s, 20 10’s, 20 5’s, and 50 1’s as a very solid rainy day fund to go along with the rest of your coins and bars.

[@SuperDavidEF]

You wouldn't be paying "the same" high premium. Goldbacks are about double the price of gold, while fractional gold coins and bars can be had for around 30% to 50% premiums. That being said, have you ever looked at the premiums for jewelry over gold and silver bars,coins, etc? I see Goldbacks pricing being more in line with that model, but Goldbacks premiums are MUCH LOWER than jewelry.

[@keithb9100]

The $1 dollar is a really fun gift. Not one person I have gifted them to has ever been disappointed. They were actually pretty excited. They are stunning. No one gets my Silver Dragon, though! That's mine.... 😎✌️

[@ColeDedhand]

If my state issued goldbacks then I would stack some, but even then silver would be my primary barter stack.

[@blackboy4520]

Alpine Gold have the best prices atm it is goin for $3.94

[@aminmalik4086]

Defy the Grid as well

[@SuperDavidEF]

As of today, their Goldbacks are higher priced than you can buy them from Hero Bullion.

[@ValueOfNick]

I like these as they are a growing option for affordable gold. The other thing is picking the right retailers to buy from. My LCS charges 25 cents more per gold back than the current exchange rate. That said. I have gold backs that I bought for under $3 and now I’m able to use them for over $4. However my goal is to grab a few head and there for stacking.

[@josephkarzennofftheller6410]

So, I buy gold and silver and keep them around 50% even by value. I also keep around 15% of my gold in goldbacks. I know this is going to sound weird, but the main reason I have 15% of my gold in goldbacks is because I love the idea of them and also I love the design. Nothing more and nothing less 😂.

[@jamesd4013]

Love mine...I plan to buy more. For both the art and the potential future utility

[@joshuaduitsman9553]

If the US mint would use this idea then I think we might finally see inflation deflate.

[@danielbbq]

Don't hold your breath for physical responsibility from them. That's not their thing.

[@mr.monitor.]

Inflation is the plan.

[@morgantrevino4881]

Leaving them as part of a tip at a restaurant or bar is a great way to introduce people to the currency. Buy some 1s and leave them in tip jars and with your recipes. Great way to spread awareness, the best marketing is always word of mouth.

[@gregoryfreeman0044]

THANK YOU FOR THE INFORMATION. VERY GOOD VIDEO ! KEEP THEM COMING. THANKS ☮️

[@homebrew9893]

Definitely not for stacking. Absolutely amazing for exchanges. I’d love to use silver too, though the counterfeit market makes it too untrustworthy. GoldBack is where it’s at. Fiat changes prices, the gold doesn’t. The premium is indeed high for these however they are acquired in order to be spent or even gifted, not stored. Widening the breadth of a competing currency is bold and liberating. Well done!

[@trentme09]

Goldbacks are great people need to stop comparing them to a 1 ounce coin🙃

[@michaeljohns1019]

You are 100% right in your explanation of gold backs

[@soundmoneyguy5949]

Thank you for the balanced perspective.

[@rustaviousj4642]

I have date runs of all the single GB since 2019 as each state was released. Not even American, just think they are cool and like the art .

[@razorsyntax]

The premiums aren't an issue at all because over time the premiums are coming down. Real money holds value so complaining about the premiums is a little silly in an inflationary environment- especially for a product whose premiums are reducing over time.

[@syberphish]

You claim the premiums aren't really an issue and yet there's so many of us not buying them because of it. So... you might wanna re-think that statement. They may not be an issue *for you*, but that's just you. You can't reclaim the gold from a GB, so...are they really "real money"? YOU call them "real money", but if nearly no one accepts them, then ...they aren't.

[@razorsyntax]

@@syberphish Your reasons for not buying them are your own even if they are unreasonable. The premiums are absolutely a non-issue. "You can't reclaim the gold from a GB"

[@syberphish]

@@razorsyntax Oh I have purchased them... that's how I know I won't be purchasing any more. You CAN'T reclaim the gold from them, and with incredibly few exceptions in very specific locations and states... NO ONE treats them like they're gold. They aren't viewed to have intrinsic value... by MOST of the country. They're more like a collectable, since 99.99999% of the country doesn't see them as either actual gold or as having any intrinsic value. YOU may be fond of them, but so what? They aren't real money.

[@syberphish]

@@razorsyntax And you're damn right, my reasons are my own. You just sound like a bratty kid who needs his purchases to mean something to other people. If you like collecting GB's cuz you think they're pretty, I mean...knock yourself out dude. But I wouldn't take one from you for barter during SHTF, because almost no one would turn around and take it from me. Which means it's next to useless as a barter item unless you happen to live in specific areas of specific states. If you have to try to convince everyone else you talk to that something has value, then it's value isn't actually seen as being intrinsic by all. You're gonna end up with a pocketful of GB's and will still have to blow someone for a can of beans. You do your thing man, I'll watch from a distance and be thankful I chose to stack stuff that everyone sees as valuable.

[@razorsyntax]

@@syberphish People sell valuable things all the time without knowing their value. It happens when people don't understand the underlying value of something. It appears you've done the same. This idea that you can't reclaim the gold from them is a complete and utter lie. If you believe the gold can't be reclaimed, then you have a legitimate case against the company for selling a gold product that doesn't contain gold. Obviously, you'd lose that case but I absolutely want to see you try for the precedence it will set. Anyone with a $100 smelting machine could reclaim the gold in a Goldback. You're lying if you say otherwise. I don't care what 99% of the country thinks. Consensus is often times very wrong... which explains why people would choose fiat over money (which is and always has been Gold/Silver). All gold, in whatever form is money because it has the 7 properties OF money. You're just going to have to cope with the fact that Goldbacks are money and always will be.

[@brianbeckstead9212]

Alpine gold has the best deal on the small denominations Sd bullion has the best deal on the larger denominations

[@billie-jeanmede2984]

Great topic. I've been curious about these things myself.

[@chrissahar2014]

My opinion of Goldbacks is that presently they are a great collectible investment. Mintages are low and usage is low but growing. The Goldbacks are more fragile than gold so their survival rate is greater. Adding the fact this is not the premium vehicle sought by bullion investors, it seems right now a perfect collectible - those who bought in 2019 and 2020 already see the fruits of their investment. Finally, the artwork can be quite beautiful and characterize by its folk-like element, add in its creation in response to the historical events and attitudes of the times, Goldback have both a little of the collectibility of art pieces and historic artifacts. If you live in an area where they are used for transactions then you could afford to get a little more for that purpose or tips.

[@danielbbq]

I've seen reports from people from 11 states outside of the Goldback network using them. They are much more than what people think.

[@garywells9231]

My local coin shop here in Reno accepts them. And many other businesses accept the also

[@jimv.661]

You didn't mention that you can always sell back to the places you bought them from. And, they look really neat as artwork.

[@SuperDavidEF]

Other channels have mentioned that you can sell them back... at a loss. Goldback themselves will NOT buy them back from you.

[@jimv.661]

@@SuperDavidEF I don't know about all the dealers, but I know several will buy them back, and II would make money on mine if I sell them back.

[@argentum530]

I look at the GB as art... The images are beautiful, and I have been collecting them to put into a framed art piece. While not yet something I can go buy milk with, they represent a forward looking concept that may someday have real utility in day to day life.

[@michaelmohrle1773]

They are cool, made out of gold and the designs are very nice. Another thing to remember is if gold goes up in value so will the goldbacks. Could go down as well but so do coins then.

[@kenofken9458]

It will have to hit $4,000 an ounce before you break even with the goldbacks.

[@michaelmohrle1773]

@@kenofken9458 Only if you spent $4,000 on them. You can buy a bunch of them for way under any amount of coins.(Under $300 or 1/10 oz)They also have spending value in the states they are from. $4.37 to 1 GB right now.

[@danielbbq]

The Goldback is spending at $4260 right now per oz. You can get more than you paid for with these things! Amazing!

[@kenofken9458]

That means its working as a kind of fiat currency, not gold. Like fiat, the scheme works so long as you can find other people who believe in the made up value.

[@cairpreliffechair832]

I own a fairly good supply of Gold backs. I like them a lot. BUT they DO delaminate in humid weather!! The 50s definitely do and the 25s are at risk because they are so weighty. The rest are okay so far for over 3 years....

[@mr.monitor.]

They will exchange them for no charge

[@cairpreliffechair832]

@@mr.monitor. And they can split denominations, too. The trouble of course is shipping them back and forth.

[@dmmc999]

Interesting video as always. Thanks for sharing!

[@woodsmanforlife1677]

People at large should accept and embrace this alternative currency. If it would be wide spread there would be a secondary, non-government controlled currency. Once the USD tanks (any day now), people holding Goldbacks would sit good.

[@ColoradoCarGuy]

I have a hand full just for a novelty.

[@danielbbq]

I have more than a handful for spending!

[@cutlerylover]

I like them myself as collectibles, peoepl WILL want the whole collection lol so they wil have value for that purpose forever IMO but I highly doubt we will actualy use gold for bartering in the US at anytime unless society collapsed and before that every news station talked about goldbacks...

[@tjgrubb2597]

Hey I love your vids I’ve been watching for weeks and just bought my first 5 oz of silver

[@TheDeniedhopedrummer]

I love these, i give them out for tips and gifts, all the time. Beatiful art pieces also.

[@mikeysback70]

I bought a set of the Utah ones in 2019 (and got the $1 one sent to me free). Just wanted a set of the first ones as I figured other states would follow suit. I'm sticking to bullion (particularly in 1 oz. quantities).

[@danielbbq]

A graded set of 2019s sold for 6k this summer. You have a winner there.

[@michaelvittori8525]

Very good video !! As you said, this is an excellent SHTF investment.

[@joncooke9515]

Excellent addition to your stack.

[@jarodcrazyindian]

I already had gold coins and bars. I have added goldbacks because I really like them and I don't see them going down in value. More states are getting on board as well. First edition sets will certainly become collectable and command higher prices.

[@roberthealey7238]

The nay sayers don’t understand what goldbacks actually are; they AREN’T for hard core stackers that stack as much gold as they can at the lowest possible price. It is an educational tool on precious metals, a specie currency in the 5 sane states that allow it as currency, and as a conversation starting gift card in the 45 states that don’t; read the fine print on them and it will explain how to exchange them for fiat rags… As long as you are careful where you buy them, you should at least break even and have super cool looking conversation starters as well!

[@danielbbq]

I've used the majority of mine at $5 ea. They've amazing.

[@peterv1054]

They are an interesting product. If I had a store here selling them, I would buy a few.

[@danielbbq]

Have you seen that they are goldATMs selling Goldbacks. Out there? Maybe one will be near you soon. 🤞

[@T.W.goodguy]

Nice short video and good information, 🤠☮️✌️

[@jeffnelson4489]

If it had a funky photo of Bribden and value of a quadrillion dollars I would buy a bunch to give out to friends for joke but I ain’t playing that till it’s commonly used.

[@WorldMoneyWins]

Great video SD! There is a gun store in Michigan that accepts them. :-)

[@RanDom-Interloper]

I like goldbacks as gifts especially for children and they are mostly cheaper than gift cards for birthdays and Christmas and will likely be kept instead of ending up in the trash. Imagine if every Christmas card you got from everyone was a goldback and each state had a set. They make great collectible art. Beyond that, not so much value currently.

[@mjpena53]

Harry and Adrian happy for your goal of subscribers reached. Looking forward to the give aways. Bless you. Adrian your Spanish is excellent.

[@David-rz7jj]

I'm not worried about premiums. I buy no matter what.

[@DORITOSTHEGREATANDPOWERFUL]

I bought a few of em sometime ago. They certainly look pretty but im not entirely sold on em.

[@Kisama001]

I think the problem is, this is a relatively new money, and people have not been educated on what they are. I only found out about them today, (3-09-2024), and only by stumbling on them in a video about silver stacking. This looks really interesting though. This is REAL money, backed by the real gold contained in the bill, unlike the worthless paper we all carry around today.

[@bongkaos5519]

Silver backs are just golden.😊

[@atxhooligan]

i bid for mine on whatnot and I wait for special deals, the tuttle twins are offering a goldback buy at near whole sale if you do $300 or more, its a great deal and a greeat kids show

[@Fineonee]

There are Goldback ATMs going up. I can stop by and purchase $4 Goldbacks and spend them for $4.33. Premium doesn’t matter if you do it right!

[@holymoly17]

I bought 30 of the 1/1000. I did the research, came to terms with the facts, and still bought them. I don't think of them as an investment. They are educational tools and unique gifts and if you view them as such and nothing more there isn't a problem. If someday they break even or better, even better.

[@ehrichan6726]

Hey there! I recently watched your silver coins hike up I am fairly new and funny thing is back in 2021 ish I actually did buy some Goldbacks (The 1 & 5) notes from my local coin shop for only $22.00CAD by accident all because I’d thought the arts were really cool and thought they were just cheap fake gold novelty notes and I am shocked that my two Goldbacks notes are now $38.22CAD which is insane to me like when I watched this video I’d thought to myself “Wait these are actually real??” And btw great videos I am Canadian and I mostly collect Canadian currency up here.

[@mykittenisagrandmaster4381]

By any chance have you seen the Germania Bice Dragon Bars Mister Dragon?

[@TheQuickSilver101]

I don't hate the idea of goldbacks though I do like the idea of handing them out as part of a tip or to friends as a way to spread the idea of precious metals. I generally think the designs are neat but until they gain wider acceptance they're going to remain more of a novelty. I'm also pretty sure that, however any individual feels about them, the final verdict on them has yet to be revealed

[@danielbbq]

US early adopters are having fun with them currently. I've transacted in 9 states so far and have contacted someone in the 10 this week. They are amazing and freeing.

[@scotts1356]

IMHO, the premiums kill this entire program. If you need to barter, then buy junk silver. The premiums are much lower.

[@Goldbacker00]

They don't manufacture those anymore. There's a market cap meaning it can only get more expensive and that's not a good thing for money.

[@akajamesey]

If you agree with this guy you might as well carry chocolate gold coins with you as well, they have about the same value

[@landonempey3253]

My initial reaction was to scoff at the 100% premium as well. Then after second thought, I could see the dollar collapsing well below 50% of its value in the next 5-10 years. Then there's the variable of gold likely appreciating so instead of viewing today's -50% return, I chose to view it as a future return of 50-200%.

[@stevenarra7727]

I bought 100 @ $3.91 each. The exchange rate atm is @ $4.63. IdK if I'll ever be able to use them since im in MI. But I still like the fact they're hyper fractional and its better to have some than none in my opinion.

[@Goldbacker00]

Goldbacks are the optimal form of money. They are backed by their gold content and the utility of their physical form. And this isn't a "cost" dictated by goldback, inc. This is a value supported by the market.

[@heavynoose7761]

In theory yes, in practice, no. The cost of production making up half the value of the Goldback makes it unsustainable as a currency and makes it semi-fiat due to half of it's value being based on people being willing to trade for them, so more value than a dollar, but silver and gold with low premium is much more realistic

[@danielbbq]

​@@heavynoose7761I'm sorry that you think that way. The market is determining the retail value not the manufacturing. This is called utility. It is a byproduct of value as the market sees it.

[@heavynoose7761]

@@danielbbq obviously if people are willing to buy them there is a niche in the market, but it would be incredibly difficult to convince people to switch to a currency where half the value is the supply/demand of the gold and the other half is supply/demand of the product itself. If you offer someone 2000 dollars worth of gold rounds or 2000 dollars worth of goldbacks they would take the rounds every day of the week, and likely would do the same even if it was 1500 dollars worth of rounds.

[@danielbbq]

Time will tell, so we'll see. But you might be amazed at what is happening with them. I just made a deal for two Kugerands for 522 GBs ea. ​

[@MarkMphonoman]

Goldbacks represent a great idea. It would be nice if we could actually find a substitute for dollars. However, because of their high purchase premium and current limited usage as an exchange for products, their time has not yet come. They are more of a collectible than currency. Plus, I have watched videos about trying to extract the gold from them. Almost impossible to do. I bought mine as a novelty. They are really beautiful.

[@5150Rockstar]

I just bought some on APMEX

[@Kinesicz]

I got some for free back when they were released in 2019, didn’t know they were worth that much.

[@timharmon458]

Thanks for the.

[@Grape_Academic]

I think Goldbacks are great for the right things (barter, education, gifts/tips) but terrible for the wrong things (stacking). Great video explaining.

[@kivie13]

I dunno. I've been stacking for a few years and have seen them go up in price and I can sell them for a profit if I choose to.

[@danielbbq]

​@@kivie13ditto

[@danielbbq]

If you have a bunch of them for spending is that a form of stacking?

[@millzwood2399]

Over priced premium but I do love collecting them similar to trading cards

[@McMannis505]

I really like the idea, it’s neat. But if the premium doesn’t come way down I won’t even consider buying them.

[@danielbbq]

Start your research then you will find their value.

[@Happinessinlove777]

I would love to see interview out in the world at locations that except the goldback. Go on their website map locations. And get real world evidence that these are being used and it works well. 1000 of locations throughout 5 states.

[@golden2662]

Gradually collecting goldbacks. Have 2 of each of 5 different states in one$. have 1 of each of 5 different states in five$ and ten$. I highly support idea of using these things as alternative cash/bartering as they are back by gold in them. Plus it is easier to trade hyper-fractional gold vs carrying around a $2000 one troy ounce of gold. As stated in video, premiums as worst problem with those but I fully support goldbacks.

[@XCristianxX]

Lol a coin shop offered me $22 dollars for a silver eagle less than they offered for my other coins and I pulled a 5 dollar gold buck and the lady bought it from me for $65.

[@TuliTuli_]

[@bigdaddyhoffman1911]

They won't go through my money counter.....!!! Life is good.