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In this video we talk about Goldbacks and Gresham's Law. Will Gresham's Law have any effect on the Goldback? We break down what the Goldback is and what Gresham's Law is as well and also talk about how they could be related. In order for Gresham's law to take place there has to be a good money and a bad money that bear the same denomination. Gresham's law states that bad money drives out good money. The opposite of Gresham's law is Thiers' law and it stated that good money drives out bad money. It is possible that at some point in the future Thiers' law will take place and have an effect on the Goldback, but Gresham's law will not effect the Goldback. All Goldbacks are considered good money because they are made out of 24 karat gold and they have intrinsic value. If you want to watch a video showing how the Goldbacks are verified then click the link below:
Are Goldbacks Really Made out of Gold?
• Are Goldbacks Really M...
Goldback Website:
goldback.com
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