The Goldback might be the biggest under reported story in the country right now, especially with Florida Goldbacks coming online. For the first time in decades people are circulating precious metals as money in the United States!
I agree. Goldbacks are the future. They are just in their early days, like Bitcoin in 2015. People focus on the premiums like it is a Gold coin. It is about having sound money in your hand that no one steals or prints more of.
Bro, you can own both😬. We won’t ever return to sound money if we stick our noses up at every innovation. I have Gold Coins, silver coins, bitcoins, federal reserve notes, and Goldback. They complement each other, but honestly, the Goldback community is more friendly and proactive about promoting sound money than any other precious metals community I am in. It’s a movement focused on creating a better future.
technically anyone can buy goldbacks and trade it anywhere in the US so long as the other person is willing to accept it. There is nothing specifically tying Florida to the Florida goldbacks
People choose to buy gold for various reasons, such as it’s historical role as a store of value and medium of exchange, it’s potential as a hedge against inflation or currency devaluation, and it’s relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolio due to its low correlation with stocks and bonds. However, investing in gold carries risks and may not be suitable for everyone. Investors should carefully evaluate their objectives, risk tolerance and financial situation before deciding.
Right, I delegate my day-to-day investing to an advisor ever since suffering a major steep-down late 2019, amid rona-outbreak, and as of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments.
I've stuck with the popularly ‘’Melissa Terri Swayne for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Thank you for this tip. It was easy to find your coach on web. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
At this moment, things appear to be odd. Inflation is reducing the value of the US dollar, but it is strengthening in comparison to other currencies and commodities like real estate and gold. People are switching to the dollar because they believe it is safer. I worry that the rising cost of living may cause the value of my retirement savings to decline. We could put our cash anywhere else.
Having a mentor is my personal recommendation. It seems like a good bet if you have limited market knowledge, but I'm not sure where you'll find an experienced one.
You're right, I and a few colleagues in NY work with a CFA who prefers we DCA across a number of prospective sectors instead of a lump sum purchase. Following this, my account grew by more than 40% in this 4th quarter.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Stacy Lynn Staples is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
@@bahmak2003 Texas is creating a gold currency system. Educate yourself. My friends are working with the treasurer on it. It sounds like they will probably have a gold back, too.
The state of Florida should start a gold/silver depository in which you would deposit some of your gold or silver coins in an account .A debit card would be issued against your deposit. The benefit of this system is that your metal account would be infinitely divisible for spending practicality. An ounce of gold could be spent one grain or less at a time. The same with silver. Now you could use gold at $2700 an ounce to buy a loaf of bread or even something less than a dollar! This would apply to silver also . The purity and weights have already been defined by the coinage act of 1792! Also everyone would be in compliance with Constitutional money. Article 1 sec. 10--States can make nothing but gold and silver coin a tender in payment of debts. Look it up! The best part is according to the 1792 act , if an official or officials at the mint debase, steal , defraud, tamper , etc. with the money "shall be deemed guilty of felony, and shall suffer death" Sec. 19 of the act.
Capital gains taxes on your physical gold is the pressing question. If the gold value in the gold back goes up is that an issue. Given inflation will there be separate price lists for gold back purchases?
@@micstica Capital gains triggers when you convert precious metals back into USD. The idea of a goldback is to spend it as gold, not convert back into USD.
I see lots of people ripping on the Goldback over premiums but truthfully there aren't many fractional gold products this small. If a 20 - 30% premium is reasonable for a 10th oz gold coin then a ~100% premium isn't unreasonable for 1/2,000th of an oz which is infinitely more useful and less subject to counterfeiting.
Gold is the best metal to be pressed into very small amounts. It could be a method to get back to the gold standard. To trade gold. The price of gold has kept ahead of inflation. Great idea
The next step is to establish gold-backed banks where you could bring in your gold bullion or coins to exchange for gold-backed notes and vice versa. This is how you could cut yourself off from the fiat system completely.
There's the original five denominations- the 1, 5, 10, 25, and 50 are continuing into the Florida series. New for 2025 are the 1/2 goldback, the 2 goldback, and the 100 goldback. So there are now eight total denominations!
Anyone, anywhere can use Goldbacks. Remember, you are not beholden to your government to do things for you! Read the Declaration of Independence..... God determines the rules, not government. It's all in your mind, heart and Spirit.
We all really use our time, labor and knowledge to trade for everything. "Money" is nothing but a means of exchange. The best medium of exchange (money) is somrthing: 1. Real, not imaginary or simply elections 2. Valuable (rare) 3. Indistructable (gold dies not decay) 4. Divisible Etc.
Goldbacks is a better idea, especially when places seem to be going cashless. In favor of digital currency. That should scare everyone. Do u really own it? Hope this can gain in popularity.....
IMO. If You Sell Goldbacks as "Inflation Proof Cash". That Will Be An Easier Sale. People Can Look at their savings account at 0.05% Interest rate vs "Inflation Proof Cash". That is my 2 cents
Ill be going to my local ACE Hardware that accepts Goldbacks and making a purchase this weekend, side-stepping inflation and other ways they steal our purchasing power.
Love the SECURITY built into the intricate design of the goldback. Has there yet been a documented case of someone foolish enough to attempt counterfeiting?
There has never been a single successful counterfeit, not even of an earlier year. Every year the security features get stronger. They are harder to counterfeit than even central bank currencies.
Bitcoin. Not only do you have to get on your phone and type all this shit. You have big brother watching and listening. You also have to agree to “terms of service” just to use an operating system to use your btc. I do not accept your “terms of service”.
They tend to hug pretty closely. Generally speaking the free market tends to value goldbacks at about double spot with the utility and security values etc.
This is probably the only Constitutional i.e. legal, form of feasible currency in existence. All the benefits of analogue that could be treated as any other currency digitally, and be accepted globally, let alone federally. Presumably sooner or later, someone is going to send some to Trump.
Great idea. I'd like to see premiums substantially below 100% above Gold spot price, before i buy some though. SilverBacks would be perfect. It's pretty obvious Silver price will go exponential by the time Gold doubles in USD terms.. So it'd be great to buy Silver in this form where the high premium-over-spot is easiee to digest over time..Please take this as positive feedback & introduce a Silver version of GoldBack product
The reason they're attached to states as a group of series is because you can't make a competitor to the US Dollar, which is a federal currency. Making it local and also out of gold/silver makes it constitutionally protected under article 1, section 10 of the US Constitution. But if you're in Utah, and you spend a New Hampshire goldback, I've not met anyone who had a problem with that for example. It's sort of like using a state series quarter. either way it's still the same amount of money just with a different design.
I also have more luck using Goldbacks than Junk Silver. They have a higher value perception and are much easier for people to learn about. They are way more beautiful in person.
I ❤️ LOVE MY GOLDBACKS. The artwork is beautiful and they are outside of the US currency. I bought three years ago and, yes, they cost 2 times the spot price of gold, but each goldback that I bought three years ago is worth 2 times spot price today, so I’ve lost NO value at all! And they will buy back your goldbacks if you don’t want them anymore!
@@brian6x They are accepted anywhere people are willing to barter with them. The state launch is just when there is a concerted effort to bring them to a community. The art celebrates the state's heritage and is designed with local input. Often the artists are from the state. They are local currencies.
@@flexinclouds Kind of! I’m from Utah and we have a big 2 network their. I see people spending them with other states but we mostly use Utah notes because we love ours more.
The reason they're attached to states as a group of series is because you can't make a competitor to the US Dollar, which is a federal currency. Making it local and also out of gold/silver makes it constitutionally protected under article 1, section 10 of the US Constitution. But if you're in Utah, and you spend a New Hampshire goldback, I've not met anyone who had a problem with that for example. It's sort of like using a state series quarter. either way it's still the same amount of money just with a different design.
Does anyone know where I can find a occasionally updated list of Californian businesses that accept the goldback? I can't find this out on the goldback website, probably because no official California goldback exists yet. Maybe I'm just not looking hard enough.
IMO The BAD Thing about Goldback is their Marketing Team. They Need To Hire Professional Help. They Have A Rolls Royce Product but a Garage Mechanic Salesperson.
The people I know are struggling….although I have two friends who are corporate CEO level. Definitely not feeling any pain. Joe average is in trouble without family help. We have helped our family with cash for housing. This allows them to stay ahead of inflation and save towards retirement. Many of their friends do not have this luxury. The middle class is dying quickly. Goldbacks are a great idea….currency is definitely changing, at least for now.
I love this idea but it's not ready for prime time yet. Goldbacks would be great at a 20% premium. They need to get their costs down. The only way to make that happen is by scale. They need to get actual adoption at large scale for that to happen. Can I travel using Goldbacks and expect to be able to buy a hamburger, gasoline, and a motel room without having to explain what it is? Mmm no. Lower premiums. Wider acceptance.
EXACTLY. With the 100% spread on Goldbacks.. it completely defeats the purpose. WHY would you spend $200 on "gold dollars".. if they're worth $100.. and worth $100 in gold? Thats like having 100% inflation overnight. Its a cool novelty idea, but youre still FAR better off buying gold bars, Bitcoin & stocks.. And just exchanging into cash when you need to buy things. But with lower costs.. Its a great idea. Because even with a 20% spread. After 5-ish years of holding, they'd outpace the expected 10-25% inflation
@@flexincloudsI own a barter with Goldbacks in Utah. If I buy a Goldback for $5 and then go to an accepting merchant, I will have $5 in purchasing power.
20% is a fairly normal premium for a tenth ounce coin but the Goldback is a hundredth the size of a tenth ounce coin. Normally gold that small carries a 200-600% premium so 100% is pretty reasonable.
@@flexinclouds There's a 100% cost over spot on the Goldback but the spreads are very competitive. AlpineGold offers a 0% spread on the first $10k/m and 5% after that. Goldbacks also track the price of gold and are always worth double spot. The advantage is that the Goldback is far more transactable. It's weird seeing people poo poo innovation like this.
You can use bitcoin to arbitrage one currency into another fiat currency that might be doing better, but Bitcoin does not store value, it simply has a slower velocity, so you might be able to trade into and out of it trying to get out of your fiat currency. If the banks close and no one wants fiat, Bitcoin won’t be any good, because even if you pick the best currency to sell it for, no one will want to sell it to you for something (bitcoin) so worthless. Bitcoin is a software utility for exchanging mostly fiat currencies. There is nothing to store. Money is measured by weight, not by volume or velocity. Bitcoin is worth its weight in gold.
They should have a barcode or some kind of scannable code on the goldback for each denomination so it can be put through a scanner to reflect the current up to date market value
Sure, there is no counter party risk. That's why it's not being used 🤔 You are doing a disservice to yourself by thinking that any of the aforementioned issues have anything to do with making money now.
I would not buy a GB so large. By that size, I would opt for gold or silver coins. GB work well for small amounts because they are fungible and work for small markets. I live in Utah and silver and gold are legal tender. My brother pays for work on his ranch in silver. People are lined up to work for him as a result.
I bought some Florida goldbacks they are shipping out soon. Nice to have real money that inflates in value, instead of losing value every year.
Me 2
Me 3. SO EXCITED!
The Goldback might be the biggest under reported story in the country right now, especially with Florida Goldbacks coming online. For the first time in decades people are circulating precious metals as money in the United States!
I agree. Goldbacks are the future. They are just in their early days, like Bitcoin in 2015. People focus on the premiums like it is a Gold coin. It is about having sound money in your hand that no one steals or prints more of.
They will be bigger than Bitcoin
This is the first I've heard of them.
Love GBs!
Of course because the fed can't just print more of them up out of thin air like fiat money, the greenback
Goldbacks are a great way to bring the power back to the people
Wealth in your hands!
Gold backed ?!! Where are those gold stored ?!!
Can those hightech commie scammers easily infiltrate and work in those storages ?!!
Goldbacks will protect our communities!
HORSE STUFF............DON'T USE....BUY SILVER
Bro, you can own both😬. We won’t ever return to sound money if we stick our noses up at every innovation. I have Gold Coins, silver coins, bitcoins, federal reserve notes, and Goldback. They complement each other, but honestly, the Goldback community is more friendly and proactive about promoting sound money than any other precious metals community I am in. It’s a movement focused on creating a better future.
technically anyone can buy goldbacks and trade it anywhere in the US so long as the other person is willing to accept it. There is nothing specifically tying Florida to the Florida goldbacks
Gold is money, Bitcoin is speculation.
LOL. Your perspective is very narrow, to the detriment of your financial future
@@davebrewer7170 ok bud
At this point, Bitcoin is for stacking. Not for spending.
People choose to buy gold for various reasons, such as it’s historical role as a store of value and medium of exchange, it’s potential as a hedge against inflation or currency devaluation, and it’s relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolio due to its low correlation with stocks and bonds. However, investing in gold carries risks and may not be suitable for everyone. Investors should carefully evaluate their objectives, risk tolerance and financial situation before deciding.
gold to me is an inflation hedge for long term, but not quite profitable in the short run. luckily some find solutions in financial advisors
Right, I delegate my day-to-day investing to an advisor ever since suffering a major steep-down late 2019, amid rona-outbreak, and as of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments.
this is all new to me, How do I find a suitable advisor, can you recommend any fiduciary?
I've stuck with the popularly ‘’Melissa Terri Swayne for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Thank you for this tip. It was easy to find your coach on web. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
At this moment, things appear to be odd. Inflation is reducing the value of the US dollar, but it is strengthening in comparison to other currencies and commodities like real estate and gold. People are switching to the dollar because they believe it is safer. I worry that the rising cost of living may cause the value of my retirement savings to decline. We could put our cash anywhere else.
Having a mentor is my personal recommendation. It seems like a good bet if you have limited market knowledge, but I'm not sure where you'll find an experienced one.
You're right, I and a few colleagues in NY work with a CFA who prefers we DCA across a number of prospective sectors instead of a lump sum purchase. Following this, my account grew by more than 40% in this 4th quarter.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Stacy Lynn Staples is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Texas Needs Goldbacks :-)
Yes!
@@l.a.mottern3106 All states should have Goldbacks!
Rumor has it Texas and Oklahoma are next ! Let's hope so ! Right now there are six States with their own Goldback .
Nope! Texas has already better than gold! Texas is a bitcoin state
@@bahmak2003 Texas is creating a gold currency system. Educate yourself. My friends are working with the treasurer on it. It sounds like they will probably have a gold back, too.
I really like the Goldback idea. It was a very brave, innovative and interesting idea and i cant help but wish the company well.
Love Goldback!
Absolutely Emmy
Love them!
Goldbacks look tougher to counterfeit.
They're nearly impossible to counterfeit if you research the company that manufacturers them
I watched videos where they cut the gold back up and melted it down yes they got a small puddle of pure gold so those gold backs do contain real gold.
❤
As a matter of fact, they've been found to have 5% over the advertised weight.
Yes, Mike Adam's, the Health Ranger, has also assayed them, and his assays show a little more gold than their face value.
After Trump is safely in office he will announce that the United States is reinstating the gold standard and the gold backed dollar 💵
The state of Florida should start a gold/silver depository in which you would deposit some of your gold or silver coins in an account .A debit card would be issued against your deposit. The benefit of this system is that your metal account would be infinitely divisible for spending practicality. An ounce of gold could be spent one grain or less at a time. The same with silver. Now you could use gold at $2700 an ounce to buy a loaf of bread or even something less than a dollar! This would apply to silver also . The purity and weights have already been defined by the coinage act of 1792! Also everyone would be in compliance with Constitutional money. Article 1 sec. 10--States can make nothing but gold and silver coin a tender in payment of debts. Look it up! The best part is according to the 1792 act , if an official or officials at the mint debase, steal , defraud, tamper , etc. with the money "shall be deemed guilty of felony, and shall suffer death" Sec. 19 of the act.
There's a nonprofit organization that does this that is associated with goldback! I have videos on it.
A digital gold debit account where one can buy, deposit with interest and use as currency.
battle bank (rick rule) does this
Capital gains taxes on your physical gold is the pressing question. If the gold value in the gold back goes up is that an issue. Given inflation will there be separate price lists for gold back purchases?
@@micstica Capital gains triggers when you convert precious metals back into USD. The idea of a goldback is to spend it as gold, not convert back into USD.
Bitcoin is not the way to save
I see lots of people ripping on the Goldback over premiums but truthfully there aren't many fractional gold products this small. If a 20 - 30% premium is reasonable for a 10th oz gold coin then a ~100% premium isn't unreasonable for 1/2,000th of an oz which is infinitely more useful and less subject to counterfeiting.
You should never ever ever pay 20 or 30% for a 10 ounce bar. You should almost always pay spot or maybe 1% over...
Premium is a good metric if you're stacking for weight to speculate on the spot price, but not when you're stacking value with a money product.
@@briankreller6550 1/10th ounce. Not 10 ounce.
@@briankreller6550 You should read more carefully. He didn't say a 10 ounce bar. He said a 10th oz gold coin. His premium statement is accurate.
Gold is the best metal to be pressed into very small amounts. It could be a method to get back to the gold standard. To trade gold. The price of gold has kept ahead of inflation. Great idea
I love the Goldbacks too! Just the silver people seem to have a problem with them but those guys are all over 65.
excellent idea. ill be buying some goldbacks
The next step is to establish gold-backed banks where you could bring in your gold bullion or coins to exchange for gold-backed notes and vice versa. This is how you could cut yourself off from the fiat system completely.
This exists its alledAlline Gold exchange.
battle bank does this-
"Banks" are inherently a partner with the Fiat, Federal Reserve ponsi scheme.
I have Florida gold backs on order. Florida will have new denominations. $2. and $100. Maybe another ? A half dollar? The art is beautiful.
There's the original five denominations- the 1, 5, 10, 25, and 50 are continuing into the Florida series. New for 2025 are the 1/2 goldback, the 2 goldback, and the 100 goldback. So there are now eight total denominations!
Great idea. I hope it will come soon to Ontario, Canada.
Anyone, anywhere can use Goldbacks. Remember, you are not beholden to your government to do things for you!
Read the Declaration of Independence..... God determines the rules, not government. It's all in your mind, heart and Spirit.
At least you know you can trust gold.........unlike stupid fiat currency (eg USD)
Finally! I have been telling you guys to do this interview. 😊
No...bitcoin is a speculation. It is a digital fiat token. Gold is money.
Research Hijacking Bitcoin. Don’t even know who started it? 🥇
You have not done sufficient research
@@davebrewer7170 Bitcoin has no value nor utility. Gold has been money for 5,000 yeras.
Wish we had this in Australia ❤.
That would be great! Love Goodbacks!
bullion now sells them
Goldbacks would make good Christmas presents or stocking fillers.
I have been giving them out for years people love them. They also make great tips! Great way to get into precious metals.
I would love some Goldbacks for Christmas.
Don't waste your money buying that junk.
Good luck selling that junk.
Give out real money like an American Silver Eagle.
@@baseball373 Speak for yourself! I live Goldbacks and the art is beautiful. This company is in my town they are good people.
@@baseball373 Incompetent one, you don't sell them.
and just like w/crypto, you still use fiat money to buy gold, silver, gold backs and then, until one day, the fiat money is no longer accepted
We all really use our time, labor and knowledge to trade for everything. "Money" is nothing but a means of exchange. The best medium of exchange (money) is somrthing:
1. Real, not imaginary or simply elections
2. Valuable (rare)
3. Indistructable (gold dies not decay)
4. Divisible
Etc.
I like this as an additional option for spending gold. I also like Glintpay since i can hold physical gold and spend it with a debit card.
Glint charges capital gains at the need of the year
Goldbacks is a better idea, especially when places seem to be going cashless. In favor of digital currency. That should scare everyone. Do u really own it? Hope this can gain in popularity.....
Its picking up! I saw people spending them at the Holdiay market today in Jacksonville.
@@Addiegirl65wait really? 😮
This is one of the biggest innovations for the sound money movement.
Where is our fav, Michelle Makori??
I learned something new today. I'm in FL and I am looking into acquiring some. Thank you!
I am so excited for these! I’ve followed these guys a long time and they are really starting to take off. These are the future of money.
Not at 100% over spot
I bought one of each of the Florida’s!
@@robbinmarx5333 Yeah I think that was a slip of the tongue; I'm in Ft. Lauderdale thinking about putting it on my truck.
@robbinmarx5333 Well there are ALOT of people that love them so....
IMO. If You Sell Goldbacks as "Inflation Proof Cash". That Will Be An Easier Sale. People Can Look at their savings account at 0.05% Interest rate vs "Inflation Proof Cash". That is my 2 cents
at this stage of the game seems like the only thing that wont cause inflation is to starve the economy.
Ill be going to my local ACE Hardware that accepts Goldbacks and making a purchase this weekend, side-stepping inflation and other ways they steal our purchasing power.
@@danielbbq My ace accepts them too!
I need to see if my Ace excepts them!
Can gold backs be used in other countries, or just the USA?
Anywhere you can barter with gold!
Gold is universal. I say they are Gold coupons here in UK
@@farzanahoque2442Im going to use that one!
Anywhere where it's legal to barter with gold!
I've become a huge fan. Bring them to Tennessee!
Yes the art would be sick too!
Yes please!
I agree do Tennessee next!
👀
Great idea. I hope they come soon to Australia. Australian gold prospector here ;-)
You are the third Aussie to say this on this thread. :) Hope you get one too. I am excited for the Florida Goldbac&.
Goto "Bullion Now" website in Melbourne, they are selling them.
They sell them in BULLION NOW in Melbourne
They are doing a study on it. Hopefully doesn’t take a long time
Yes! I have been asking them to make a Florida.
1st I have heard of this👍 Will he introduce a Silverback as well?🤔
Silverbacks are out there but they are more of a Collectors item. I have some just because I like them. The Silverback is a 1/1000 denomination.
Love the SECURITY built into the intricate design of the goldback.
Has there yet been a documented case of someone foolish enough to attempt counterfeiting?
No one has and they have some cutting edge counterfeit features.
it's not even cost effective to counterfeit Goldbacks!
There has never been a single successful counterfeit, not even of an earlier year. Every year the security features get stronger. They are harder to counterfeit than even central bank currencies.
Bitcoin. Not only do you have to get on your phone and type all this shit. You have big brother watching and listening. You also have to agree to “terms of service” just to use an operating system to use your btc. I do not accept your “terms of service”.
You can use a cold wallet for bitcoin, no hassle😅
@@joycesteinkeyser1959 Or just buy things made of actual gold,silver etc.
When gold goes up how do the goldbacks reflect the increase ?
You can see the daily value of a goldback on the Goldback website
They tend to hug pretty closely. Generally speaking the free market tends to value goldbacks at about double spot with the utility and security values etc.
@@sandraard4306 It's on their website updated daily, remember 1, 2, 5, etc is the Goldbacks denomination not the dollar denomination.
@Goldbacker00 I wish California would accept them . I would love to use them here.
Gold seems to go up but in reality it is the $ going down. Gold is stable.
A great idea, I didn't know I could get the goldbacks in Poland?;-)
I have ordered some for tryouts.
Looking forward to Nebraska in do time
Need to do Mississippi soon
Is the gold recoverable, or does the goldback make it disposable?
It recoverable. Some youtubers have made videos melting them.
This is probably the only Constitutional i.e. legal, form of feasible currency in existence. All the benefits of analogue that could be treated as any other currency digitally, and be accepted globally, let alone federally.
Presumably sooner or later, someone is going to send some to Trump.
Great idea. I'd like to see premiums substantially below 100% above Gold spot price, before i buy some though. SilverBacks would be perfect. It's pretty obvious Silver price will go exponential by the time Gold doubles in USD terms.. So it'd be great to buy Silver in this form where the high premium-over-spot is easiee to digest over time..Please take this as positive feedback & introduce a Silver version of GoldBack product
Has a list of businesses who are using gold as payments yet?
Yes! on the featured businesses list
Is there a functional significance to having one's state name on a goldback?
Is it just a point of pride?
The reason they're attached to states as a group of series is because you can't make a competitor to the US Dollar, which is a federal currency. Making it local and also out of gold/silver makes it constitutionally protected under article 1, section 10 of the US Constitution. But if you're in Utah, and you spend a New Hampshire goldback, I've not met anyone who had a problem with that for example. It's sort of like using a state series quarter. either way it's still the same amount of money just with a different design.
Texas wonts to go with Gold Currency.
Jeremy is a Nice guy !
@@DamionLillard-e5w He is the real deal!
For sure!
Thats amazing.. I'm in Australia how can I get involved. 😊
I personally like gold coins for wealth protection and junk silver/ silver rounds for smaller transactions
Me too! I started using goldbacks a few years ago and have a lot more luck with bartering with Goldbacks.
I also have more luck using Goldbacks than Junk Silver. They have a higher value perception and are much easier for people to learn about. They are way more beautiful in person.
I ❤️ LOVE MY GOLDBACKS. The artwork is beautiful and they are outside of the US currency. I bought three years ago and, yes, they cost 2 times the spot price of gold, but each goldback that I bought three years ago is worth 2 times spot price today, so I’ve lost NO value at all! And they will buy back your goldbacks if you don’t want them anymore!
Do Tennessee next or New York!
👀
Great news!
❤
i recall Canadian Prepper talking about these years ago . like silver quarters i don't know that i would wanna spend them
That is where I first saw them. Been following and watching them grow ever since. They are growing the sound money movement and restoring our wealth.
If people want decentralized money, gold and silver in any form are the ONLY decentralized money.
Facsinating !!! Thank you for this update !!!
❤
Jeremy please make the Missouri GoldBacks with like a Black Bear and a Native Woman picking Blackberries.
Buy gold. Best hedge. Sprott.
This is the real future.👍👍👍
That would surely be nice but sadly it isn't.
Bitcoin...no! Gold...yes!
These are just beautiful
can you convert your private stash of gold into Gold back and save on the premiums?
Why are state names on them when they can be used anywhere? Why must they be "launched" in various locations?
They build up local networks! Its a big endeavor signing up businesses and vendors are more likely to take them when there state name is on them.
@@brian6x They are accepted anywhere people are willing to barter with them. The state launch is just when there is a concerted effort to bring them to a community. The art celebrates the state's heritage and is designed with local input. Often the artists are from the state. They are local currencies.
@@Addiegirl65 Almost like quarters then?
@@flexinclouds Kind of! I’m from Utah and we have a big 2 network their. I see people spending them with other states but we mostly use Utah notes because we love ours more.
The reason they're attached to states as a group of series is because you can't make a competitor to the US Dollar, which is a federal currency. Making it local and also out of gold/silver makes it constitutionally protected under article 1, section 10 of the US Constitution. But if you're in Utah, and you spend a New Hampshire goldback, I've not met anyone who had a problem with that for example. It's sort of like using a state series quarter. either way it's still the same amount of money just with a different design.
It appears I can literally drive to the goldback store to buy them. 😊
Alpine Gold Exchange!
I’m 230 Goldbacks in
I'm right behind you on that
how many came out so far? I mean states
@ Utah,
Nevada, New Hampshire, Wyoming, South Dakota, and Florida in 2025
this is awesome
some
Does anyone know where I can find a occasionally updated list of Californian businesses that accept the goldback? I can't find this out on the goldback website, probably because no official California goldback exists yet. Maybe I'm just not looking hard enough.
They don't have one yet. Just Ut, Wy, CA. SD, NH, and now FL. ❤
I have been keeping eye for two years in ny area of our state and haven't found one budiness takes it.
@@soniag4516 They don't have a New York goldback effort yet. They are prioritizing sound money friendly states first. I
Love kitco news
Well at least one state has a brain.
Utah,Nevada,New Hampshire,Wyoming,South Dakota ,Florida
@ thank you at least 6 states have a brain. Stand corrected.
IMO The BAD Thing about Goldback is their Marketing Team. They Need To Hire Professional Help.
They Have A Rolls Royce Product but a Garage Mechanic Salesperson.
Explain?
Goldbacks 👍
I love it
I wish Canada would have a gold back
@@danielcaissie1207 I have heard someone is trying to put one together!
Bank of Canada has been the ONLY central bank of the G20s to NOT add more gold to their balance sheets.... insane!!
@briangranger1741 I think they have 75oz in there coffers
The maple back! That would be awesome.
@@Addiegirl65 it would 👍
The people I know are struggling….although I have two friends who are corporate CEO level. Definitely not feeling any pain. Joe average is in trouble without family help. We have helped our family with cash for housing. This allows them to stay ahead of inflation and save towards retirement. Many of their friends do not have this luxury. The middle class is dying quickly.
Goldbacks are a great idea….currency is definitely changing, at least for now.
When will I be able to pay with goldbacks at Publix grocery stores or Walmart?
That would be incredible
by 2177
Unsettling that it’s Florida but ok
Love these too, but with the GSR as it is, junk silver is still my favorite
Gold is God
No fool God is God Almighty Eternal Sovereign Powerful Glorious...gold can be melted by fire into a puddle. Get some schooling
You need to get dealers in Europe as well 👍👍
Yes!
There's dealers in Europe and dealers that ship to there.
Where would I purchase gold backs? Thank you!
Defy the grid or Alpine Gold exchange are my go to spots!
Defy the grid has some of the best prices.
@@DebbielovesBarney1 Thank you!!
defythegrid!!
I love this idea but it's not ready for prime time yet. Goldbacks would be great at a 20% premium. They need to get their costs down. The only way to make that happen is by scale. They need to get actual adoption at large scale for that to happen.
Can I travel using Goldbacks and expect to be able to buy a hamburger, gasoline, and a motel room without having to explain what it is? Mmm no.
Lower premiums. Wider acceptance.
@@rehoboth_farm The half goldback is only $2.50. Us their a smaller gold product to barter with?
EXACTLY. With the 100% spread on Goldbacks.. it completely defeats the purpose. WHY would you spend $200 on "gold dollars".. if they're worth $100.. and worth $100 in gold?
Thats like having 100% inflation overnight. Its a cool novelty idea, but youre still FAR better off buying gold bars, Bitcoin & stocks.. And just exchanging into cash when you need to buy things.
But with lower costs.. Its a great idea. Because even with a 20% spread. After 5-ish years of holding, they'd outpace the expected 10-25% inflation
@@flexincloudsI own a barter with Goldbacks in Utah. If I buy a Goldback for $5 and then go to an accepting merchant, I will have $5 in purchasing power.
20% is a fairly normal premium for a tenth ounce coin but the Goldback is a hundredth the size of a tenth ounce coin. Normally gold that small carries a 200-600% premium so 100% is pretty reasonable.
@@flexinclouds There's a 100% cost over spot on the Goldback but the spreads are very competitive. AlpineGold offers a 0% spread on the first $10k/m and 5% after that. Goldbacks also track the price of gold and are always worth double spot. The advantage is that the Goldback is far more transactable. It's weird seeing people poo poo innovation like this.
Is it thin sheet of gold or is it laminated gold sheet.
Thin layer of gold sand-witched in polymer. They have videos on TH-cam of them being made. Pretty cool tech. 😊
It's an incredibly small film of 24k gold laminated in polymer
You can use bitcoin to arbitrage one currency into another fiat currency that might be doing better, but Bitcoin does not store value, it simply has a slower velocity, so you might be able to trade into and out of it trying to get out of your fiat currency. If the banks close and no one wants fiat, Bitcoin won’t be any good, because even if you pick the best currency to sell it for, no one will want to sell it to you for something (bitcoin) so worthless. Bitcoin is a software utility for exchanging mostly fiat currencies. There is nothing to store.
Money is measured by weight, not by volume or velocity. Bitcoin is worth its weight in gold.
It's a great way forward if they manage to bring the premium down. 100% is too much.
Most people disagree
@@Goldbacker00 Imagine going to a restaurant for a nice meal and paying with a $100 goldback you bought for $200.
Interesting
Howdo you price a gold back? A 5 goldback ? Could be more $ if price of gold goes up..
similar strategy to goldmoney (based out of Toronto)
Like the idea but PEOPLE DON'T LIKE FRACTIONS
Wen silverback??
They exist already!
They should have a barcode or some kind of scannable code on the goldback for each denomination so it can be put through a scanner to reflect the current up to date market value
Like that its not trackabel, hackable, or sensorable like digital assets will all be! Even if its a double premium
It’s wealth you can hold and spendable when you need it.
Sure, there is no counter party risk. That's why it's not being used 🤔 You are doing a disservice to yourself by thinking that any of the aforementioned issues have anything to do with making money now.
Can we buy them in Canada 🇨🇦 Any plans release then in Canada .Would be awsome
le turd would surely find a way to ban them or jail anyone using them
On the fence about the 100 GB, looks really nice but it's over $500 for 1/10 oz
I would not buy a GB so large. By that size, I would opt for gold or silver coins. GB work well for small amounts because they are fungible and work for small markets. I live in Utah and silver and gold are legal tender. My brother pays for work on his ranch in silver. People are lined up to work for him as a result.
Just buy actual gold and/or silver
The 1/2 is a steal though. $2.50 for a good product? 😮
@@DebbielovesBarney1 Yes and nice design.
Jeremy OVERLOAD!!!! 🤣
Jeremy is one of the sweetest people.
BUY 1 GET 1 FREE 😂😂❤❤
Gold will have reevaluation soon , i expect at least 20 000$ , at most 500 000$ , since the world is begining to catch its the real global currency
lmao never. Bitcoin will suppress gold's price forever. it will be lucky to get over $3000 an oz. Take a look at gold priced in BTC.