Do NOT Stack THIS Type of Gold Bullion!

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  • เผยแพร่เมื่อ 23 ธ.ค. 2024

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  • @GhostDiZ
    @GhostDiZ ปีที่แล้ว +3

    You and silver dragons are the best videos to watch you being number one because you deal with everything and talk about everything

  • @jeremys4591
    @jeremys4591 ปีที่แล้ว +12

    If you go to alpine gold the 1 goldback is 3.95. The market says they are currently worth 4.05 in the states they accept. So you can buy them cheaper then what you can sped them for

    • @jbgant8513
      @jbgant8513 ปีที่แล้ว +3

      Excellent comment. Seeker doesn't understand, when you spend them locally the exchange rate is basically what you paid for them. They also increase in value over time.

    • @oldscoolcooldiecast1879
      @oldscoolcooldiecast1879 ปีที่แล้ว

      Which is perfect sounds to me that's if you live where you can spend them on that scale and that's definitely not happening where I live

    • @nedstarkravingmad1799
      @nedstarkravingmad1799 ปีที่แล้ว

      🤡

    • @PHUCKyoutube689
      @PHUCKyoutube689 ปีที่แล้ว +1

      @jbgant8513 He understands but that exchange rate is set by the company. His point is what happens when the company is no longer around? You are stuck with hard to verify gold that you paid double the gold value for. They are cool to collect but they are not ideal for stacking.

  • @kenwing6196
    @kenwing6196 ปีที่แล้ว +4

    Goldbacks are little beautiful works of art, with the benefit of intrinsic value. I use them as gifts that can be included with a typical greeting card. They make a memorable gift.

  • @BlueWaterSTAX
    @BlueWaterSTAX ปีที่แล้ว +3

    I bought about 50 Goldbacks a few years ago. Once I figured out how much the premiums we're, I stopped buying them. I quit buying the old silver certs too. I buy CHEAP bullion nowadays. GBs are beautiful though. Thanks for the cool video's silver seeker.👍😎🥈🥈🥈🥈🥈🥈🥈🥈

  • @indivisibleman8596
    @indivisibleman8596 ปีที่แล้ว +5

    The South Dakota Goldbacks come out next month

  • @jbgant8513
    @jbgant8513 ปีที่แล้ว +21

    Goldbacks have a high premium but when you spend them locally the exchange rate is basically what they cost. Additionally they have increased in value considerably in the last few years.

    • @ineffably_described
      @ineffably_described ปีที่แล้ว +3

      All gold has increased in the past few years.. Goldbacks keep up relative to their melt value. Had you bought 10k worth of gold eagles and 10k worth of Goldbacks say 5 years ago, they would both have gained 60% intrinsically, but you'd be almost even trying to sell back your Goldbacks, and up 60% with the eagles. Unless you have a small community of like minded individuals, these are going to lose investment value. It's like buying a new car and trying to return it on the same day. They have a near 85% premium, vs say an AGE with a 5% premium. They are very cool and make a unique addition to a stack, but certainly aren't great for wealth preservation. I'd love to spend these at a farmers market or gun show for fun, but those individuals would like accept constitutional silver as well at a much more reasonable cost to you.

    • @jbgant8513
      @jbgant8513 ปีที่แล้ว +4

      There are hundreds if not thousands of featured businesses that accept gold backs just in the four states alone.

    • @ineffably_described
      @ineffably_described ปีที่แล้ว

      @@jbgant8513 those businesses also accept dollars right? Had you invested 10k in AGEs 5 years ago, and sold them today, you'd be up 60% (minus maybe 5% premium on each end). Had you bought 10k in Goldbacks 5 years ago, their intrinsic value would still be a financial loss today. They have an 80-90% premium when they're on sale.. you can get an AGE for 5% over...

    • @ineffably_described
      @ineffably_described ปีที่แล้ว

      They are a cool concept, but certainly not an intelligent method of preserving wealth. I collect toned Morgans because they're fun, I know I'm not holding down any value, so I can empathize, but to buy these and expect them to be profitable is ludicrous

    • @ronaldsmith2343
      @ronaldsmith2343 ปีที่แล้ว +2

      @@ineffably_described There is not enough 90% to fund an economy.

  • @markhaseley3304
    @markhaseley3304 ปีที่แล้ว +7

    I appreciate your take on the gold notes. I have a different view. When I bought a stack of 100 they were $345 or less on the Goldbacks. My reasoning was: This is shtf stacking for less than $1,000(and great for gifts). In shtf gold more than any other asset is likely to find barter value, so a few loaves of fresh bread with some meat or canned foods may be in many places, but "change" will be more scarce than the items you seek. If you buy a house, land, car, etc then full and half ounces are great. But small trade may require more ounces of silver than you want to carry and that means you want some fractional gold. Paying the higher premiums now on the smaller gold fractional means you have good barter later when its most valuable... in a time of need. (Note: When I bought my first 100 GOLDBACKS my minimum SHTF gold price was estimated that gold will reach a minimum $5,000/oz with the FIAT destruction coming nigh. So, with THAT view I see goldbacks under $5/each as a good value with a disappearing premium as time moves forward. )
    (Same logic for 1/10oz gold pieces.) Good video!

    • @SilverSeeker
      @SilverSeeker  ปีที่แล้ว +4

      Thanks my friend and thank you for the calm and objective argument! I actually agree they make amazing Gifts, they are flat out gorgeous. I LOVE the way the look. If they were cheaper I'd be all over them. I understand they cost alot to produce, but when I'm looking at adding to my stack, the cost to produce it isn't something that I factor in. I'd rather buy cheaper Gold and have more Gold if that time ever does come to pass. But that's me of course!
      Thank you SO Much for watching and this is an AWESOME comment!

    • @JustMarian
      @JustMarian ปีที่แล้ว

      I love the Goldbacks for the artwork. I'd have to agree that they aren't great for an investment or stacking unless you just like them. However, in Utah and New Hampshire, there are businesses that accept them and I like that pre-shtf that people can transact in fractional precious metals. I would say the utility is helpful in those places, but outside of them, they aren't as useful.

    • @jm-tKoA26
      @jm-tKoA26 11 หลายเดือนก่อน

      In a shtf type scenario (particularly a long term or widespread scenario when it isn't clear how long it is likely to last), precious metals will be all but worthless and it probably isn't even worth trying to trade in them. When the resources to keep people alive are scarce, people aren't likely to give up those resources for a piece of metal; it will initially go back to fundamental bartering of goods/services for goods/services. I do think precious metals are worth having but not for shtf. Precious metals will have their day when things start to get rebuilt and a new society forms, until that point it's best to keep your stack hidden and safe so that you can be at an advantage when it comes back into use

  • @TtheSilverStacker
    @TtheSilverStacker ปีที่แล้ว +2

    I feel the exact same way. Thanks for sharing the math. Really puts things into perspective.

  • @ALFAJERKBFH
    @ALFAJERKBFH ปีที่แล้ว +3

    FYI, some states are accepting goldbacks. They're not novelty. Plus, the company that makes them will buy them back from you.

    • @0311matt
      @0311matt ปีที่แล้ว

      I live in Califonistan and people still dig them out here. I doubt they will catch on anytime soon as far as the state itself accepting them as legal tender, plus we tax everything (including precious metals) and I don't think hairspray-Hitler is going to change that anytime soon.

  • @Bill-lg1xy
    @Bill-lg1xy หลายเดือนก่อน +1

    COLLECTING and STACKING. Firstly, I am a great believer in Wisdom. Wisdom advises us to always Diversify and have as many options and opportunities as possible. So, I will stack some Silver but my true love is that of a collector so its gonna be hard for me to stack in the truest form 😅😅😅 I just believe that there is more money to be made from collecting than stacking and, stacking is dull and boring whilst collecting for me is beautiful and enthralling😊

  • @RoganBits
    @RoganBits ปีที่แล้ว +16

    I could see a case for buying a handful of each. I'd likely limit it to $1000 worth; or about 4g worth, and this is more of 'cherry on top' of a stack, rather than something I'd start out looking to purchase.
    This is the type of item you get when you're really comfortable with your stack size and want some unique pieces.

    • @SilverSeeker
      @SilverSeeker  ปีที่แล้ว +6

      @bonnieiker3640 that's a MAJOR stretch there my friend. If we get to thar point the dollar value wouldn't matter regardless. Silver math is crazy simple and people that you need to barter with will know what they need to know.

    • @thephilosophersstoned3796
      @thephilosophersstoned3796 ปีที่แล้ว

      @@bonnieiker3640 By your logic I should be buying up those 5$ Charlies that are .25 oz of Silver to really fuck the merchant.
      How dull do you think they'll be in that situation my man?

  • @kevinreed4487
    @kevinreed4487 ปีที่แล้ว +10

    Completely agree Seeker. I spent around $200 on a few these. I did it to show people to start a conversation about honest money. I think i paid around $4 for the 1 backs. I have been stackinf for 15 years and these are not practical but great novelty items and i support the idea that the company promotes. Im in Texas and we are hoping to add a gold backed digital currency to go along with our bullion depository

    • @jimhutchison3808
      @jimhutchison3808 ปีที่แล้ว +2

      Totally agree, I have used these to explain real money to multiple friends and relatives and they are a great conversation item as well as being a nice collectable. I've even turned a few of the people I've shown them to into hardcore stackers!

    • @michaelmohrle1773
      @michaelmohrle1773 ปีที่แล้ว +2

      Yes but think how much $$$ people will pay for cardboard.... Baseball, Hockey and Football cards. So I bet some of the goldbacks will be worth as much as spot gold like the coins.

    • @tslee8236
      @tslee8236 ปีที่แล้ว +1

      There will be transaction costs in gold backed digital currencies. It's a choice of upfront payment of fractional gold currency or pay ongoing transaction costs. Note the digital currency may or may not be redeemable to physical gold and there will be costs when redeeming.

    • @xymoriintus
      @xymoriintus ปีที่แล้ว +1

      The idea of gold backed digital currency doesn't make any sense to me.

  • @DiCelloPiano
    @DiCelloPiano ปีที่แล้ว +35

    I suppose I would balk at premiums for goldbacks if they didn't look like works of art that just fell from heaven...

    • @michaelmohrle1773
      @michaelmohrle1773 ปีที่แล้ว

      I think they will have baseball card like collectabilty. That will add to the gold value. Not too sure they will last but hope they catch on.

    • @matthewcohan3442
      @matthewcohan3442 ปีที่แล้ว +1

      Nothing to do with stacking however

    • @DiCelloPiano
      @DiCelloPiano ปีที่แล้ว

      @@matthewcohan3442 good point...the glitz and glamour of the goldback distracts me :)

    • @oldscoolcooldiecast1879
      @oldscoolcooldiecast1879 ปีที่แล้ว

      I think they'll be collected just for that or atleast thats why I have mine just not worth stacking my opinion

    • @danielbbq
      @danielbbq ปีที่แล้ว

      @@DiCelloPiano that glitz and glamour cans save you if you get lost in the wilderness. They make a great signal mirror! They can blind you.

  • @axlsavage
    @axlsavage ปีที่แล้ว

    I agree. I bought a few different denominations because they are really nice to look at!

  • @randysimmons9838
    @randysimmons9838 ปีที่แล้ว +2

    I like the artwork on them

  • @therealhawkeyeii7888
    @therealhawkeyeii7888 ปีที่แล้ว +11

    The 1 Ducats are great for small fractional gold, and tend to be pretty close to spot vs a 1/10th oz Eagle.

    • @BlueWaterSTAX
      @BlueWaterSTAX ปีที่แล้ว +1

      I love Ducats. .11 fine gold. Just over a 1/10. Some of the Austro/Hungarian are heavier. Took me a minute to figure out which one I had😂

  • @bammbammsilverstone7119
    @bammbammsilverstone7119 ปีที่แล้ว +3

    Gold backs have a purpose for trade in the states they are issued and have a market rate the business follow .

    • @SilverSeeker
      @SilverSeeker  ปีที่แล้ว +1

      I am sure most of those businesses would also be interested in Gold in general if they are accepting the Goldbacks. I'd still rather just buy more Gold.

    • @bammbammsilverstone7119
      @bammbammsilverstone7119 ปีที่แล้ว

      @@mth4849 look it up the stores that use gold backs have a trade rate they use because it is a currency. Go to New Hampshire, Utah or any other place it is posted where you can use them .

  • @ChefStackerLA
    @ChefStackerLA ปีที่แล้ว +4

    I have a bunch of Goldbacks and will continue to purchase them as long as I have the fiat. Premiums are high for GBS, but very close to premiums of fractional pre-33 so it breaks close to even for me

    • @bonnieiker3640
      @bonnieiker3640 ปีที่แล้ว +1

      I read an article wher a woman in California would take goldbacks for rent the answer was yes so s&e paid her rent plus her gardener both in Goldbacks. I do think about the same price as junk silver. I believe that a les expensive way of making them will be come up with .they are also fragile . Goldbacks must become more durable and stronger.

    • @ChefStackerLA
      @ChefStackerLA ปีที่แล้ว +2

      @@bonnieiker3640 that a cool story with the renter and gardener. I think the premiums will drop next year to to the manufacturer being able to proceeds 100x more units than year prior and so on

    • @ronaldsmith2343
      @ronaldsmith2343 ปีที่แล้ว +2

      @@ChefStackerLA There where 17 million produced as of 1st Q '23

    • @bonnieiker3640
      @bonnieiker3640 ปีที่แล้ว

      The manufacturer has really good anti counterfeit properties. However they must come up with a stronger bill. I am not at all sure what mater6that can be used and still actually incorporate the gold in the bill. Actually having the precious metal in the bill is its selling point. Bt needing the special wallet to keep the bill from cracking is a major draw back. Anything to get us off monopoly money and back into handling and having a money of actual value is the only way to go. We all know the coins and dollars we hold have no value. How long the central banks can hold up monopoly money and pretend it is real is a big question. Now the idea of having to buy oil in American money has been made invalid each day is a guess. Oil is be traded in at least 5 different currency. When the world wakes up to this its over. All western Countrie@will be finished. They are bankrupt now but cn hide it Australia, New Zealand, the UK France its over. France is already groveling at Russia's feet. The first time Saudia Arabia accepted the Chinese money , Russian money that ended it. Very few people know or understand why American money had any value when it went off the gold standard and the oil agreement was reached. Eyes will open soon. I had to go to 3 different dealers to find a total of 6 1 ounce gold coins last week. Prefer the maple leaf but took what they had 3 rugerrand, 1 Australian kangaroo. This week bought 5 American gold eagles. Texas is filling their gold vault to try a cbdc backed by gold. Still not sure that can happen as constitution says only gold or silver can be used by states as a state currency not sure goldback cbdc will count as gold believe it must actually be gold or silver. But prefer the actual gold or silver. I am praying the gold back becomes stringer physically and less expensive to make. The company actually looses money on the 1 and 5 bill I believe

    • @danielbbq
      @danielbbq ปีที่แล้ว

      @ChefStackerLA Another thing people aren’t accounting for is inflation. We are getting killed every hour we keep dollars, ie: saving up for 1 oz. Gold, I can avoid all inflation by keeping GB in my UPMA account and spend them as cash with a visa debit card. No gold coin can magically become liquid unless they are a member of the UPMA and vault with them!

  • @patriotsouthern8123
    @patriotsouthern8123 ปีที่แล้ว +2

    Haven’t seen anyone talk about the super conductor this week that broke news lk99. Will it destroy silver value?

  • @GR8SCOTT
    @GR8SCOTT ปีที่แล้ว +1

    I hadn't seen the KaratPay. I like those!

  • @rondematteo369
    @rondematteo369 ปีที่แล้ว +1

    great video, as usual. how about a future video on stacking various sovereigns as are widely available and the many various 20 francs such as the French Roosters etc. as they are a lot less for those of us that can't or don't want to come up with the amount for one ounce coins?

  • @cloudiermonk
    @cloudiermonk ปีที่แล้ว +1

    Have you seen the video of why the premium is so high? It is actually a benefit and due to the enhanced liquidity

    • @SilverSeeker
      @SilverSeeker  ปีที่แล้ว

      There is plenty of liquidity in 1 gram Gold Bars and the premiums aren't even close. I don't buy it.

  • @aCycloneSteve
    @aCycloneSteve ปีที่แล้ว +7

    Sorry, but I'm not agreeing with you completely.
    I just looked an Defy the Grid sells one for $3.67 (spot was $10 less than when you did this) $4.50 -$6.50 is the chump price.
    Current recommended "market" price is $4.01 according the the GB website. If you're buying and selling based on the gold, your right.
    If you're using this to trade with people who work with GB's they will price it at $4.01. So you're selling for $4,010/oz.

    • @danielbbq
      @danielbbq ปีที่แล้ว +1

      Right on. Utility asset is different from stored wealth. I’m glad they regularly say this isn’t financial advice because it isn’t good advice at all.

    • @SilverSeeker
      @SilverSeeker  ปีที่แล้ว +1

      @danielbbq nonsense... you think telling someone to buy 4000 per oz Gold is sound advice? It's a gimmick bud

    • @aCycloneSteve
      @aCycloneSteve ปีที่แล้ว

      @@SilverSeeker If you have business that will take it at $4000 per oz you haven't overpaid. Not useful in states that don't have a network of business that accept it, but if you can buy what you need with it...

  • @LennardA320
    @LennardA320 ปีที่แล้ว

    Like the 50 or 100 gram valcambi combibars. They are little more expensive but nothing comparing goldbacks or bills with a piece of gold in it. You can break the amount of grams needed of gold from a 100 gram combibar.

  • @ronaldsmith2343
    @ronaldsmith2343 ปีที่แล้ว +4

    NO premium to value used in stores. Todays spot $4.04 - my purchase yesterday $3.77

    • @SilverSeeker
      @SilverSeeker  ปีที่แล้ว

      It's very much a premium... you're buying them because they're made of Gold. The fact that they can be used in a very limited number of stores is irrelevant IMO.

    • @farnsmark
      @farnsmark ปีที่แล้ว

      I like to give them as a tip!
      Great for education

    • @SilverSeeker
      @SilverSeeker  ปีที่แล้ว

      @@farnsmark nothing wrong with that!

    • @ronaldsmith2343
      @ronaldsmith2343 ปีที่แล้ว +2

      @@SilverSeeker If you can buy things equal to what you pay for them, how is that a premium?

    • @SilverSeeker
      @SilverSeeker  ปีที่แล้ว

      @ronaldsmith2343 because people buy them because they are Gold... they are marketed as Gold. No matter how you twist it... its still Gold.
      I'll stick to actual Gold and let you have all the overpriced Goldbacks you want. :)

  • @kirbyvacuummadman1814
    @kirbyvacuummadman1814 ปีที่แล้ว +6

    I think you are spot on. I do have all the GoldBacks but I bought them as a "collectable" I think they are beautiful and very unique; I certainly wouldn't stack them.

    • @ALFAJERKBFH
      @ALFAJERKBFH ปีที่แล้ว +1

      They aren't collectibles, though. It's actual gold currency. The company that makes them will buy them back from you.

    • @PHUCKyoutube689
      @PHUCKyoutube689 ปีที่แล้ว

      @ALFAJERKBFH What happens if the company goes under and can't buy them back? You are stuck with gold that is difficult to verify that you paid close to double the value for.

    • @kirbyvacuummadman1814
      @kirbyvacuummadman1814 ปีที่แล้ว

      @@ALFAJERKBFH Anything and everything can be a collectable. If more states, make them I will add them to my collection.

    • @kirbyvacuummadman1814
      @kirbyvacuummadman1814 ปีที่แล้ว

      @@PHUCKyoutube689 If the company "goes under" it's very possible that they will go up in value, again as a collectable.

  • @bchuhay
    @bchuhay 6 หลายเดือนก่อน

    Is it a smarter investment to buy 1/4 oz or 1/10 oz gold eagles?

  • @lolblehXD
    @lolblehXD ปีที่แล้ว

    what company makes goldbacks and how do they decide the state for circulation?

  • @laurentjoblot6925
    @laurentjoblot6925 ปีที่แล้ว

    i have 4 silver coins, date are 1875 and 1889, I wanted to know if you could tell me if they are valuable. thankyou

  • @angusmcprepper9379
    @angusmcprepper9379 ปีที่แล้ว

    I take a pass on goldbacks, but like the novelty and beauty.
    I like gold grams from swiss and Istanbul, but love gold eagles at any weight. I think fractional gold is god idea in case of shtf barter needs. Thank you for sharing your ideas...

  • @deborahorbea-best691
    @deborahorbea-best691 ปีที่แล้ว

    Can you suggest a reputable and responsible value place to buy gold and silver

  • @michaelangelobergeron5980
    @michaelangelobergeron5980 ปีที่แล้ว

    Best to stick with an ozT or more, unless you find amazing deals

  • @FrankLeeNacty
    @FrankLeeNacty ปีที่แล้ว +1

    I’m comforted with fractional .9999 minted coins for the premium. I prefer minted coins over any bar for gold and paying $200-$220 for an older .9999 minted 1/10oz is easier to save for.

  • @abramtaylor7575
    @abramtaylor7575 ปีที่แล้ว +9

    The Goldback will be the new money when the Dollar goes belly up. The utility of the Goldback is what makes the product better than the 10th coins. And Karat bills could be easily counterfeited. The Goldback is the new standard for money.

    • @SilverSeeker
      @SilverSeeker  ปีที่แล้ว +2

      We'll have to agree to disagree there

    • @patrickmurphy3179
      @patrickmurphy3179 ปีที่แล้ว

      Agreed, SS. I hate to say it but I think that Goldbacks are a gimmick.@@SilverSeeker

    • @SilverSeeker
      @SilverSeeker  ปีที่แล้ว

      @jbgant8513 even st 3.77 thats still nearly double spot. I showed the numbers on the screen nothing was inaccurate... I never said not to check every single retailer.
      Heck I even used a retailer listed on their own site.
      As for the exchange rate... thats irrelevant to the fact at hand, which is how much Gold you're getting vs how much you could get just being traditional gold

    • @jbgant8513
      @jbgant8513 ปีที่แล้ว

      Fair enough, deleted reply. Not inaccurate but lacking context. Thanks

  • @krublee
    @krublee 6 หลายเดือนก่อน

    Thank You for ur video. I’m a new stacker and love the art on goldbacks but will not get very many of them. I want to grab some gold fractional but don’t know exactly what i should collect the most for selling to get profit if i have to later. kathy in Alaska

  • @briancross9571
    @briancross9571 ปีที่แล้ว +1

    SilverSeeker is saying "against stacking" them, a term used for pure bullion. I agree. However, allow me to point you to the very real market for $50+ semi-numismatic silver ounces. Sometimes premiums are not the only considerations for commodities. And if the company goes out of business, e.g. Engelhard's Prospector Round, does the premium always go down in value? or can it go up?

    • @SilverSeeker
      @SilverSeeker  ปีที่แล้ว +1

      You make a very real point here, I appreciate that. I would argue from my perspective (and I mentioned this in the video), that those high premiums are generally because of collectible value and the precious metal value isn't as important. In that instance and as you said, they aren't stacking, they're collecting. I've paid well over $100 for a 1oz Silver Coin before, but I only bought 1 for my collection. I don't stack them, I collect them. Collectors generally (there are always exceptions), don't collect more than 1 of each type of item they collect.

    • @briancross9571
      @briancross9571 ปีที่แล้ว

      @@SilverSeeker thanks. I get what you are saying, and I don't live in a state that honors them so they are way down on my priority list. But learning that merchants in Utah accept them made me think of them differently than say the 90% silver quarters I got well under spot. I'm happier with my 90% silver, and I'll contiue getting them instead but the same store that takes goldbacks would likely take my 90% at face value (unless they are really progressive). Rather than lose my shirt, I'd have to exchange the 90% silver at an LCS for dollars (or goldbacks?) and then go back to that store. All this to say --- it seems like they aren't in the exact same category as standard bullion though I can't put my finger on exactly what category they are in.

  • @Uduplr
    @Uduplr ปีที่แล้ว

    Is it really worth getting anything less than 1 oz Gold Eagles?

  • @robertortiz7853
    @robertortiz7853 ปีที่แล้ว

    Not the best premiums. I do like buying them as a set. You never know when you have to flee your state. Plus it’s nice to already have the local currency.

  • @mypeeps333
    @mypeeps333 ปีที่แล้ว +3

    Sorry to say but Glodbacks I recently purchased are $3.95 a Pice !
    And I don't think people are going to trade games or ounces of gold.
    And you can't cut up gold ounces lol

    • @SilverSeeker
      @SilverSeeker  ปีที่แล้ว

      You absolutely can cut up gold ounces and your 3.95 means you still paid 3950 per ounce which is double spot.
      Regardless I literally talked about xhaper alternative fraction Gold pieces in this video.

  • @deborahorbea-best691
    @deborahorbea-best691 ปีที่แล้ว

    Where do you suggest to get the 1/10th oz gold for 230 that you mention.?Do you sell ?

  • @brandonke690
    @brandonke690 ปีที่แล้ว

    Love the gold backs, bought a bunch when they were 3.20-3.50 per dollar and was worth around $4, a goldback exchange. But I'm in a state that accepts gold backs so I wouldn't probably buy them if I lived in a state that has no clue about them. PCGS the first edition goldback and after about 3-5 years they are worth a ton.

    • @SilverSeeker
      @SilverSeeker  ปีที่แล้ว

      The first editions are worth a ton because they're collectible... which as I said in this video is totally fair. But people collecting aren't stacking, they're just collecting.

  • @chiaking2787
    @chiaking2787 ปีที่แล้ว

    Thanks for sharing. Good info

  • @donaldmartin836
    @donaldmartin836 ปีที่แล้ว +1

    Thanks for sharing.

  • @oldscoolcooldiecast1879
    @oldscoolcooldiecast1879 ปีที่แล้ว

    Agree on the goldbacks thank you

  • @jimv.661
    @jimv.661 ปีที่แล้ว +4

    I like the Goldbacks. Not only are they beautiful, they are just fun. And, more states are starting to look at them. The premium is huge, and I know I can get better buys on the coins. I enjoy giving them as tips when out eating. I give the waiter or waitress the choice of cash or the GBs, or sometimes a combination of both.

    • @ronaldsmith2343
      @ronaldsmith2343 ปีที่แล้ว

      There is NO premium - they are tied to a spot published everyday

    • @jimv.661
      @jimv.661 ปีที่แล้ว

      @@ronaldsmith2343 Ok, let's call it a markup then. The markup is huge compared to the premium for rounds or bars. Yes, a part of them is tied to the spot, however, every dealer charges a markup (premium) over spot.

    • @SilverSeeker
      @SilverSeeker  ปีที่แล้ว

      @@ronaldsmith2343 silly argument... there is ABSOLUTELY a premium otherwise why have it even be Gold at all. Nonsense

  • @bradwilliams4919
    @bradwilliams4919 8 หลายเดือนก่อน

    Never knew of a goldback. Ty

  • @jeffwelch7618
    @jeffwelch7618 ปีที่แล้ว

    Hey silver seeker on this day 1125 23 can a New buyer buy siver at spot i am a new stacker think for your help. JEFF

  • @ChefStackerLA
    @ChefStackerLA ปีที่แล้ว +2

    I have a full set of 2023 Wyoming, They’re so beautiful!

    • @jimhutchison3808
      @jimhutchison3808 ปีที่แล้ว +1

      That's the state I started with...now I'm hooked on completing the rest of the states! Kind of addicting, I add one to each bullion purchase as a treat for myself😂

    • @ChefStackerLA
      @ChefStackerLA ปีที่แล้ว +1

      @@jimhutchison3808 that’s a great way to treat yourself, good job 👍

    • @ChefStackerLA
      @ChefStackerLA ปีที่แล้ว +1

      @@jimhutchison3808 Wyoming 2023 had the best artwork in my opinion

  • @504_HotBoy
    @504_HotBoy ปีที่แล้ว +2

    FUNGIBILITY MY FRIEND.

  • @virgil_kane
    @virgil_kane ปีที่แล้ว

    Excellent expose' .

  • @sixksyn2847
    @sixksyn2847 ปีที่แล้ว +1

    The difference is goldbacks are newer technology then the karat bar, They have never been counterfeit before and they are even LESS fractional. The price history of goldbacks speaks volumes. Goldbacks are unique, nothing does what goldbacks can do. Its REAL SOUND MONEY!

    • @SilverSeeker
      @SilverSeeker  ปีที่แล้ว

      Gold and Silver are REAL SOUND MONEY... Goldbacks are just Overpriced Gold and Silver. But keep supporting the corporation that makes them I'm sure they appreciate it! :)

  • @frostyt6129
    @frostyt6129 ปีที่แล้ว

    GREAT INFO

  • @indivisibleman8596
    @indivisibleman8596 ปีที่แล้ว +4

    Do not be dissing Goldbacks, they're a good gold item to own, if you can get them without paying a huge premium.

    • @SilverSeeker
      @SilverSeeker  ปีที่แล้ว

      I gave my honest opinion and I gave them credit where I felt they deserves it end of story

    • @indivisibleman8596
      @indivisibleman8596 ปีที่แล้ว

      @@SilverSeeker You didn't have ebay auctions of Goldbacks up today , I did. I lost money auctioning my one tenth ounce gold Eagle because it only followed the spot price for gold. However, I have been at least getting the same money out of the goldbacks that I had put into them. So, either get your money back with the Goldback maintaining its premium over spot, or lose $50 on the One tenth ounce Gold Eagles because as with all bullion products bought from a dealer plus premium only are worth spot price, be it gold or silver on the secondary markets. At least that's my experience.

    • @danielbbq
      @danielbbq ปีที่แล้ว

      @@indivisibleman8596 Do you use the UPMA to help manage your bullion? I believe they have a better solution for liquidating. Hope this helps.

    • @farnsmark
      @farnsmark ปีที่แล้ว +1

      My question is if you buy GB’s at $4 and gold goes to 5k/oz is it a good investment for a guy who has limited funds to invest. Say $80.00
      I don’t see the risk in buying $80 bucks worth, everyone says gold is going to the moon
      Then your fractional gold is also functional!

    • @SilverSeeker
      @SilverSeeker  ปีที่แล้ว +1

      @farnsmark 80 bucks in Goldbacks will get you maybe 1/50th of an ounce in Goldbacks roughly 1/25th of an ounce in pure Gold grams. That's the facts, the decision beyond that is on you.

  • @philpots3216
    @philpots3216 ปีที่แล้ว

    1 of each domination from each state seems ok as a novelty... they will still have the premium when selling on open market. To be honest Premiums are irrelevant. People moan about buying 1/10th eagles cuz of cost yet dont understand they are going to get you exactly the same as they cost against spot,,,, choosing to sell to somebody (lcs,ect)who is going to mug you off is up to you.

  • @digitalbloodline
    @digitalbloodline ปีที่แล้ว

    only gold i stack is british sovergins - .235 oz per coin, really low premium, recognized universally

  • @tomtharos4440
    @tomtharos4440 ปีที่แล้ว +3

    I have one of each value and state for my collection. Plus I have some Aurum. They make really fun, inexpensive gifts in the 1 and 5 Goldback sizes.

  • @OlweCalmcacil
    @OlweCalmcacil ปีที่แล้ว +5

    I bought Goldbacks, not to stack because per the ounce the premiums are ridiculous, but I use them as teaching tools and baby's first gold/silver. 4 bucks to make someone a gold owner ain't too shabby and it helps them learn about sound money

  • @noelybarra
    @noelybarra ปีที่แล้ว +1

    Why can’t something like this be used for a gold standard?

  • @r8tr273
    @r8tr273 ปีที่แล้ว

    Have a couple just because they look awesome.

  • @mattgallagher4924
    @mattgallagher4924 ปีที่แล้ว +5

    If you want to be fair to Goldbacks, interview the guys at Goldbacks. They're not for stacking. They're money. They don't have a premium, they have an exchange rate.

    • @SilverSeeker
      @SilverSeeker  ปีที่แล้ว +1

      If you want to look at it that way, fine. To me it's a gimmick and I'd MUCH rather have more Gold and Silver for the FIAT I have to spend on it. I don't need to interview the CEO to know that we would STARKLY disagree here. I like what he's trying to do, but at the amount it costs for 1 Goldback I just can't support it, sorry.

    • @mattgallagher4924
      @mattgallagher4924 ปีที่แล้ว

      @@mth4849 You can buy it at $4, you can sell it at $4, you can spend it at $4.

    • @mattgallagher4924
      @mattgallagher4924 ปีที่แล้ว

      @@SilverSeeker If you're stacking to save money or to hedge inflation, fine. But if you're prep stacking then your gold coins will have an extremely limited use

    • @SilverSeeker
      @SilverSeeker  ปีที่แล้ว

      @@mattgallagher4924 how will their use be limited? You can fractionationalize gold quite easily... not to mention the fact that you can buy things like Combibars from valcambi that break into 1 gram gold bars... break off as much or as little as you need.

    • @mattgallagher4924
      @mattgallagher4924 ปีที่แล้ว +1

      @@SilverSeeker a gram of gold is still $80. And not that easy to keep track of. And it's still easily counterfeitable because most people can't tell the difference between 24k gold and gold plate. Because gold can me made at a much lower karat than even that. You can pay in junk if you can some how convince millennials and Gen z that some pocket change is somehow more valuable than other pocket change.
      It's just a huge mess in a bartering economy. People will pay for convenience and security. They always do.

  • @arnejahr3531
    @arnejahr3531 ปีที่แล้ว

    They are very beautiful an for that they are worth having a few of them

  • @CuSTACKS
    @CuSTACKS ปีที่แล้ว +2

    Goldbacks and copper bullion are perfect for apocalyptic shtf senerios better than silver or gold bullion. Everyone should own these as part of just incase emergency.

    • @SilverSeeker
      @SilverSeeker  ปีที่แล้ว +1

      Disagree... too hard to test I'd rather have easy to test Gold myself. To each their own tho. :)

    • @CuSTACKS
      @CuSTACKS ปีที่แล้ว

      @@SilverSeeker nones going to be testing goldbacks or coper bullion. Coper is easy to scratch the surface

  • @mattlutz1105
    @mattlutz1105 ปีที่แล้ว +1

    I think people are missing the forest for the trees when it comes to the premium on these. Money is just a storage mechanism for economic energy. So a form of money that is scarce, difficult to produce, fungible, divisible, recognizable, and portable will have value. Gold isn't just money because it's gold, it became money and is valuable as a store of economic energy because it satisfies these requirements pretty well, but it's weak in portability and divisibility. Gold warehouses were invented to solve these problems, that's how the gold standard came to be. It was a layer 2 solution to gold. Just issue paper currency on top of gold, such that it is redeemable for the gold. But that failed because ultimately they issued more currency than they had gold. So we know gold is valuable, but has weaknesses. Now let's talk about that goldbacks premium. Why are goldbacks valuable? They are valuable because they contain gold and it is valuable, but there's another reason. Goldbacks add a layer 2 solution to gold that it doesn't normally have, the ability to be extremely divisible and portable. So it's just not gold, it's something more. It's like Gold 2.0. That premium exists as a way to encapsulate the added value of that 2nd layer. It's better than Gold, so it stands to reason that it's more valuable. You might not personally like the premium attached to it, but it is set by the market which means it's a reflection of the fact that the market thinks the premium is worth it. Which also means that premium will stay with it as the goldbacks are transferred, which you admitted to yourself.

  • @usptact
    @usptact ปีที่แล้ว +4

    Note that goldback prices can vary a lot from online store to store.

    • @ronaldsmith2343
      @ronaldsmith2343 ปีที่แล้ว +1

      There are 20 authorized distributors - He qouted APMEX the most expensive. I paid $3.77 yesterday.
      I think I hear bias from a gold seller.

    • @SilverSeeker
      @SilverSeeker  ปีที่แล้ว

      Bias from a Gold Seller? LOL... also I didn't quote APMEX. You're close to getting the ban hammer dude. It's one thing to disagree with me thats totally fine, we all have different opinions.... its another to outright accuse me of BS and mis-represent. Seriously

    • @ronaldsmith2343
      @ronaldsmith2343 ปีที่แล้ว

      @@SilverSeeker no need

    • @SilverSeeker
      @SilverSeeker  ปีที่แล้ว +1

      @@ronaldsmith2343 I'm sorry if by saying that you mean you're unsubscribing, that's fine. As I said, it's very natural for people to disagree with eachother... I LOVE having conversations with people that disagree with me, it's how we all learn and grow.
      When you start throwing around accusations and mis-information to help make your point, that's where a line is crossed.
      I again appreciate you watching, whether you continue to do so or not.
      Thanks!
      --Seeker

  • @michaelmohrle1773
    @michaelmohrle1773 ปีที่แล้ว

    Why don't you do your test once again where you melted one down but you didn't put the little nuggets on the gold tester. You kept putting cut pieces that still had plastic on them and it didn't register.

    • @SilverSeeker
      @SilverSeeker  ปีที่แล้ว

      So you're saying that it's okay that i need to completely destroy the bill to test it. That video perfectly revealed a major issue I have with these, they're nearly impossible to test.

    • @michaelmohrle1773
      @michaelmohrle1773 ปีที่แล้ว

      @@SilverSeeker No, from what I remember you melted down the first time around and ended up with little gold nuggets but you didn't put them on the tester.

    • @SilverSeeker
      @SilverSeeker  ปีที่แล้ว

      @michaelmohrle1773 I tried to test it with acid... it was WAY too small for the sigma sadly.

    • @michaelmohrle1773
      @michaelmohrle1773 ปีที่แล้ว

      @@SilverSeeker I know, just rewatch it. The little nuggets at 10:57 of that video Test them on the Kee tester. You went right back to cut pieces you didn't melt down. The nugget should test if real gold.

    • @SilverSeeker
      @SilverSeeker  ปีที่แล้ว

      @michaelmohrle1773 it should yes but there was still alot of plastic in that nugget and if I had melted it all the way down there wouldn't be much to test, certainly not enough for the Kee Tester.
      1/1000th of an ounce is very little but that section was just a fraction of even that so yea sadly not much there.
      It does highlight my point of how they're nearly impossible to test.

  • @aussiegirl6738
    @aussiegirl6738 ปีที่แล้ว +3

    I love them for the uniqueness of the gold back just stunning 😍and to add to a collection. I would love to buy a $1 but no one ships to Australia 😢

    • @patrickmurphy3179
      @patrickmurphy3179 ปีที่แล้ว +1

      I would rather have a gold kangaroo, anyway.

    • @aussiegirl6738
      @aussiegirl6738 ปีที่แล้ว

      @@ronaldsmith2343 that’s so sweet of you 🥰 but I don’t want to take any from your collection. I wouldn’t publicly post an email or you end up on a list some where and get scam emails all day long 🫣

  • @Bill-lg1xy
    @Bill-lg1xy หลายเดือนก่อน

    People should wait until Goldbacks are in circulation and get a few that way and so, avoid high premiums buying them new and losing money. I agree they can be given as gifts and, should become collectors items if they don't become popular enough to be used in everyday transactions.

  • @BookuMoney87
    @BookuMoney87 9 หลายเดือนก่อน

    I bought GoldBacks when they were $3 now they’re selling for $6?!

  • @ineffably_described
    @ineffably_described ปีที่แล้ว +3

    While Goldbacks are certainly a near concept, I concur with your recommendation to stack other items. Like you said, they can be considered more as collectibles if one enjoys them, but are not a practical method of stacking. They're not for me, but I also collect toned slabbed Morgans, and those are certainly not practical stacking material.

    • @ALFAJERKBFH
      @ALFAJERKBFH ปีที่แล้ว +2

      The company that makes them will buy them back from you. Plus, it's actual gold money. It's not a novelty.

    • @ineffably_described
      @ineffably_described ปีที่แล้ว

      @@ALFAJERKBFH well.. they buy them back through third party sites now, they no longer buy them back directly. I agree it's not a novelty, they are intrinsically absolutely valuable. The problem this the premium is given up immediately upon purchase, like taking a new vehicle off the showroom floor and trying to sell it back the next day. I could see them working very well in certain micro economies, but for the average Joe living in a large city, money invested in gold will travel much farther by purchasing fractional coins. I would love to see a society where Goldbacks work just like money, and I appreciate your passion for them. I certainly don't hold negative opinions of those that choose Goldbacks for an investment.

  • @mdredheadguy1979
    @mdredheadguy1979 ปีที่แล้ว

    I get what you are saying, but you are assuming someone has the money to buy a 1 ounce coin vers buying a thousand holdbacks.
    For me, I can't afford a the small gold eagle coin, but I can buy one goldback a month.
    🤷‍♂️

    • @SilverSeeker
      @SilverSeeker  ปีที่แล้ว +1

      No I'm not actually... watch the entire video. I talk about alternatives such as 1g bars and 1/10th ounces

    • @mdredheadguy1979
      @mdredheadguy1979 ปีที่แล้ว

      @@SilverSeeker Oh, I'm sorry. I should have worded my post better. Yes, I understand about the 1/10th ounce gold eagles. But those are also too expensive for me. I'll try taking a look at those smaller gram bars though.
      I have a separate question regarding the goldbacks: Do you know anyone who lives in a state where they are used as currency? If so, can you find out if there are any business that acutely accept it?
      I'm wondering if the goldback is gaining traction for it's intended purpose or not.

  • @Jrome3
    @Jrome3 ปีที่แล้ว +1

    With a gold to silver ratio over 80, I wouldn't stack ANY gold.
    Silver only until the ratio gets down to 40 or below.

  • @MardukGKoB
    @MardukGKoB ปีที่แล้ว +2

    I bought 100 of the 1 Goldback notes. Since I normally tip $5 for food, I can tip with one of these and be a little cheap without seeming cheap. It will hopefully get people curious and interested in Goldbacks, and gold in general. I've given several away also, and plan to keep at least a few for myself. I'm considering getting an example of every denomination from each state, because they're so pretty, but I would consider them a bad investment. As you point out, buying regular gold is a better deal for that. I do like the potential if more merchants sign on, and more states take part.

  • @ultimore
    @ultimore ปีที่แล้ว

    I'm surprised you would consider the premium of the Aurum in comparison to other gold bars or coins, since they clearly serve different purposes. If you want a store of wealth, bullion is a more practical choice for many reasons including premiums. (Imagine trying to figure out how many ounces you have by counting hundreds or thousands of Goldback notes? Clearly not the right tool for the job!) But if you want a medium of exchange, you naturally want something else; more durable, convenient for carry and storage, and smaller units. You might consider silver (the cheapest example of which still has an outrageous premium in comparison to any typical gold coin) or maybe even a Goldback or other Aurum sheet. Seems like apples-to-apples should be in comparison with something like that, and the shape, weight, and durability of the format add additional advantages over silver as a medium of exchange. Ultimately the only real problem (albeit a huge one) with Goldbacks is that they aren't accepted as a medium of exchange by a significant segment of the community. For now it is just a novelty, and so is mostly analogous to junk silver and even crypto.

  • @danielbbq
    @danielbbq ปีที่แล้ว +5

    Premium poo-pooers: There is a difference between stored wealth and asset utility. One is gold/silver. The other is the Goldback. They can and should work hand in hand not against each other. But like siblings you, the premium poo-pooers, speak before thinking. They're beating up gold in this form because it's not their "special," not realizing that the future of money has changed and it now looks like the Goldback because it is an asset not stored wealth. 😢

    • @SilverSeeker
      @SilverSeeker  ปีที่แล้ว

      Could not disagree more but you're welcome.to think that way

    • @danielbbq
      @danielbbq ปีที่แล้ว

      @@SilverSeeker can’t but try…

  • @justsomeguy404
    @justsomeguy404 ปีที่แล้ว +4

    I agree 💯, i do have a couple GB's as a collector . There's better options out there.

  • @jbgant8513
    @jbgant8513 ปีที่แล้ว +1

    When silver Seeker said he picked the dealer, he give a bad example. Alpine gold and finest known are $2 cheaper than what he shown on JM Bullion and eBay.

    • @SilverSeeker
      @SilverSeeker  ปีที่แล้ว

      That's STILL nearly 4000 per ounce from Alpine which is double spot. Just because it's cheaper than the one I picked (at random from their own list of vendors btw), doesn't automatically make it a good deal.

  • @TobaccoRowe1960
    @TobaccoRowe1960 ปีที่แล้ว

    I bought a 5 cause it is beautiful
    It's in my granddaughters PM Cigar Box

  • @mattgallagher4924
    @mattgallagher4924 ปีที่แล้ว +1

    Let me ask you this. A fiat crash looms on the horizon. You have $2000. You can buy 500 goldbacks that are guaranteed to be real gold. Or you can buy a one ounce American eagle that has a 20 percent chance of being fake. And you have to trade that for goods and services. Which do you want. The divisible one that's counterfeit proof, or the non divisible one that has a chance at being a Chinese knock off?

    • @SilverSeeker
      @SilverSeeker  ปีที่แล้ว

      20% chance of being fake? Umm no... while there are in fact fake Gold Eagles, Unlike Goldbacks, they are EASILY tested using a number of different methods. But again... 20%? That number is not even CLOSE to the actual percentage and is borderline silly.
      As I said in the video, outside of a $20,000 XRF Gun, you can NOT test Goldbacks. That's a HORRIBLE design flaw, because as soon as someone finds a way to replicate them exactly, forget about it.

    • @mattgallagher4924
      @mattgallagher4924 ปีที่แล้ว

      @@SilverSeeker You don't need to test goldbacks. Just look at them. They're impossible to replicate. And I'm not saying 20% of gold bullion is fake, I'm saying that in a bartering economy, probably 20% of the bullion people will be bartering with would be fake because most people don't have a Sigma, and counterfeit bullion is getting better and better. Didn't you recently have to drill through an ASE to be sure?

    • @SilverSeeker
      @SilverSeeker  ปีที่แล้ว

      @@mattgallagher4924 Don't need a Sigma to test Gold my friend... I drilled through the ASE to show people, I was WELL aware of how fake it was before I drilled and I showed multiple ways to see it was fake before the drill came out.
      As for these being impossible to replicate, that's nonsense. Nothing is impossible to replicate. Look at all the anti-counterfeiting features in $100 Dollar bills and look how much those are counterfeited.
      Remember it doesn't have to be 100%, it just needs to be good enough to fool others. As hard as these are to test and as easy it is to test Gold, I'll stick with Gold. Especially given the incredibly stark difference in cost to aquire.

  • @TD-sg8dj
    @TD-sg8dj ปีที่แล้ว

    For a $1 Goldback, the Napa store in Wyoming would give you $4 in value.

  • @ALFAJERKBFH
    @ALFAJERKBFH ปีที่แล้ว +3

    The thing I like about goldbacks is that the company will buy them back from you

    • @SilverSeeker
      @SilverSeeker  ปีที่แล้ว

      They will now sure... so you're going.to put all your faith behind a single company? If that company ceases to exist in the future and people lose faith in the Goldback, all you're left with is hard to test, overpriced Gold.

    • @0311matt
      @0311matt ปีที่แล้ว +1

      @@SilverSeeker if the company goes tits up, you're still left with gold... I can't think of any stock that can go to complete rock bottom and I would still have value left.

    • @mastershepherd3777
      @mastershepherd3777 ปีที่แล้ว

      @@SilverSeeker If the company fails and stops producing, the collectable value goes up.

    • @SilverSeeker
      @SilverSeeker  ปีที่แล้ว +1

      @@mastershepherd3777 There are too many produced for that already sadly.

  • @stuartpaul9211
    @stuartpaul9211 ปีที่แล้ว

    will bullion be banned once the CBDC comes in?

    • @Jrome3
      @Jrome3 ปีที่แล้ว

      No. I think that wouldn't even be possible. Don't sweat it. 😉

    • @stuartpaul9211
      @stuartpaul9211 ปีที่แล้ว

      @@Jrome3 just Lynette Zang keeps pushing collectables. a confiscation of bullen would be practical if most people stacked, but they don't.

    • @ronaldsmith2343
      @ronaldsmith2343 ปีที่แล้ว +1

      Goldbacks are legal tender in 4 states so far

    • @danielbbq
      @danielbbq ปีที่แล้ว

      @@ronaldsmith2343 5 on Sept 19th.

    • @farnsmark
      @farnsmark ปีที่แล้ว

      Think black market

  • @RichDeShong
    @RichDeShong ปีที่แล้ว

    Thank you for the heads up on the SD Bullion deal today. My wife and I each put in orders for 1 ASE (Plus other stuff including another note to add to our Goldback collection).

  • @TrainWatcherDon
    @TrainWatcherDon ปีที่แล้ว +2

    Nice video, Seeker!

  • @brokechef1606
    @brokechef1606 ปีที่แล้ว +1

    I really like the fractional AGE’s, finished out an ounce of them a couple weeks ago, bought 2 1/4 oz the other day. I think they look nice in a tube haha once I have an ounce of each size I’ll solely buy 1 oz big boys.

  • @sh4969
    @sh4969 ปีที่แล้ว

    If you want to make money from gold and silver buy antique silver coins & gold coins like Byzantine Empire. Heraclius. 610-641 AD. Gold Solidus for example or silver Roman Republic. 80 B.C. - C. Poblicius Q.f. Rome. AR Serratus Denarius. Long term investment I buy what I like & learn about history at the same time.

  • @David_Arteman
    @David_Arteman ปีที่แล้ว

    Just ordered my Silver Eagle at SD Bullion and I stated your channel as a referral.

  • @DCAMM720
    @DCAMM720 ปีที่แล้ว +2

    I simply won't buy anything under 1 oz when buying gold. Premium math just doesn't make sense to do so on average. If I can get them privately or on sale with low premium then sure, but I can get 1 oz gold maples TODAY for like $40-60 over spot every day of the week locally. Eagles and Buffalos a bit more. Premium % on fractional is just too high. At that point I'd rather just get more silver with the intent to eventually convert it to 1 oz gold when the ratio changes in favor of that.

    • @bonnieiker3640
      @bonnieiker3640 ปีที่แล้ว

      I bought 1/2 ounce maple leaf for only 5$ premium I was surprised the dealer had only 1 so I bought the 4 ounces of 1 ounce gold coins and the 1/2 ounce maple leaf

    • @patrickmurphy3179
      @patrickmurphy3179 ปีที่แล้ว

      Yeah I like to get 400 oz bars that I use for doorstops.

    • @danielbbq
      @danielbbq ปีที่แล้ว +2

      Have you ever considered the difference between stored wealth and asset utility? That is coin/bullion vs. GBs

    • @ronaldsmith2343
      @ronaldsmith2343 ปีที่แล้ว +1

      @@danielbbq exactly

    • @DCAMM720
      @DCAMM720 ปีที่แล้ว

      @@danielbbq Yes. For me, there is no possible reason to ever buy GBs unless I want to collect them.

  • @TerrySparks-eu8hp
    @TerrySparks-eu8hp ปีที่แล้ว +1

    I agree 100% with your thoughts on the Goldbacks. I will definitely buy a few, perhaps a complete set for my collection simply because of the artistic beauty. They make me think of the beautiful 1896 Educational series of Silver Certificates that are so popular with collectors today. It’s a crying shame they only lasted three years before being replaced by the Series of 1899 Silver Certificates. 1899 has some winners too though. The one dollar Black Eagle and the five dollar Onepapa!
    No, don’t stack the Goldbacks. You’ll likely never break even. Buy them as an inexpensive, beautiful collectible.

  • @bonnieiker3640
    @bonnieiker3640 ปีที่แล้ว

    I believe it cost iver 3$ to make

    • @SilverSeeker
      @SilverSeeker  ปีที่แล้ว

      That's not the point... I never said that the people that make them are making the entire premium as profit, I simply said they cost too much per oz

    • @farnsmark
      @farnsmark ปีที่แล้ว

      How much does it cost to make a Bitcoin?
      Now that’s a premium!!!!

  • @PlumberStacker
    @PlumberStacker ปีที่แล้ว

    No thanks on the gold back. I like the idea but it’s just not worth it.

  • @dancastle4394
    @dancastle4394 ปีที่แล้ว

    I bought 100 of them for 3.79 a piece so if I sold them today I would make more on them then I would if I sold my silver today

    • @SilverSeeker
      @SilverSeeker  ปีที่แล้ว

      Their "exchange rate" is determined by the number that the company is willing to buy them back for. If the company ceases to exist in the future what then? You just have way overpriced Gold. That's a lot of faith to be put into one company.

    • @dancastle4394
      @dancastle4394 ปีที่แล้ว

      There is more of a market for them then just selling them back to the Co that made but I guess we could play the what if game for ever

    • @dancastle4394
      @dancastle4394 ปีที่แล้ว

      @@SilverSeeker I should not comment on utube videos you're answers are always smug it's like talking to a politician they never really addresses the comment just keeps repeating there talking point

    • @SilverSeeker
      @SilverSeeker  ปีที่แล้ว

      So because I disagree with you my comments are Smug? How does that work? The other comment of yours I just responded to you said I only want to talk to people that agree with me. Yet... here I am being blamed for being smug because I don't agree with you? Sounds to me like you are doing exactly what you're accusing me of... quite hypocritical.

  • @theHDP
    @theHDP ปีที่แล้ว +5

    Goldbacks are gold art. I just leave it at that.

  • @marcusthoma5488
    @marcusthoma5488 ปีที่แล้ว +1

    Years ago almost pulled the trigger on a few....but .... Ya they are gold art

  • @DrJekyll77
    @DrJekyll77 ปีที่แล้ว +2

    It really all depends on how much you can afford at one time if you work 60 hours a week and you have a family a mortgage and everything else and barely scrape by but can afford to get some gold backs as apposed to nothing I'd get them just to have something other than fiat you can save to buy coinage but then something comes up and you can't get it yet you can afford a couple of gold backs a week or month I'd definitely have something it's better than nothing a little silver here a few gold backs there would go a long way when SHTF and we all know it's going to

    • @SilverSeeker
      @SilverSeeker  ปีที่แล้ว

      If you finished the video I said that 1g Gold Bars are 75 to 77 per gram right now which is a WAY lower premium. If you're buying Goldbacks just save a week or two and buy 1g bars instead... IMO of course.

  • @dalebramall
    @dalebramall ปีที่แล้ว +2

    If they SELL for that on ebay, thats what theyre WORTH.. its worth what people will pay!!!!

  • @bahapanties
    @bahapanties ปีที่แล้ว +6

    If the 🇺🇸 dollar compared and we go to digital currency I believe these Gold backs will be highly circulated for payments.

    • @tomsegura6746
      @tomsegura6746 ปีที่แล้ว +3

      never

    • @bahapanties
      @bahapanties ปีที่แล้ว

      @@tomsegura6746 unlikely maybe but never say never. They're using them now in some states.

  • @DiversifyYourself
    @DiversifyYourself ปีที่แล้ว

    They are pretty but I just don’t see the need in goldbacks. It’s added production costs to make would limit the amount available to use as a currency. Isn’t that what silver is for?

  • @bigtoe3963
    @bigtoe3963 ปีที่แล้ว

    and.... Please add sales tax Sir!

    • @prphasmnrkydio6805
      @prphasmnrkydio6805 ปีที่แล้ว +1

      there is no sales tax on gold in the goldback states

  • @beckyjo8745
    @beckyjo8745 ปีที่แล้ว +1

    I agree with you , but I do want a complete set of the gold backs just because they are so beautiful.

  • @Tennesseanyankee
    @Tennesseanyankee ปีที่แล้ว

    I definitely see your point. It has to be why the New Zealand and Australian mints set their premiums to four - five times bullion value on silver products. They're for collectors, not for stackers. Personally, I've fallen for Britannias and Beasts of Tutor releases of the UK. Still relatively high premiums, but compared to ASEs, Maples, Libertads, SA Rands, and Kangaroos, for the time being, they're worth stacking. Can obtain the 2 oz Beasts of Tutor for just under $60 and Britannias for $27 if you know where to look.