We accept these at our business. It’s always exciting when someone comes in and pays with them. I’ve also been using these to pay my son for chores. He loves them. So much more exciting than a paper dollar. These are shiny. And to a 6 year old, that means they are valuable. Lol
I will try to redo my former comment: I have been collecting Goldbacks and giving them out on cruise ships to those who are working so very hard for so very little. One guy was so impressed he declared it a family heirloom and is holding it for his 6 yr old daughter to give to her when she turns 16. Goldbacks are valuable in so many ways. Everyone wants gold. Even aliens(according to ancient alien theorists..lol)
🤔 Handing them out as tips and rewards would be a very interesting way to introduce them to those that wouldn't normally be aware of them. Thanks for the idea.
This episode was exceptionally well done. Goldbacks seem to really be catching on. This partnership between the Tuttles and Goldback feels really natural. I had to double check to see that it was actually sponsored since it fit in so well with the ideas and principles in the show.
Except the fact that they totally rip you off if you buy Goldback from the Tuttle Twins site. You have to buy a $999 bundle to come CLOSE to the exchange rate. I'm not hating. It's their business and they can do what they want with it, but if someone sees this video and then goes to their site to buy they are going to be turned off by the idea of Goldbacks. The biggest attack levied at goldbacks by haters is already the price your paying vs the amount of gold. I'm not one of those people, and I understand that you are paying for utility, but at the price Tuttle Twins are selling it would be extremely foolish for anyone to buy them. Not the best marketing for the Goldback.
By the way, they tell you upfront that you are getting about half the gold that you paid for. The manufacturing is so expensive that if you pay $20, the gold itself is only worth $10. So congratulations on it finally being worth what you paid for! I hope that when you do go to purchase something for $20, they don't realize that it's not actually $20 in gold.
@@progidy7 Sounds like it's worth more than a $20 paper bill then, huh? Because $20 bills are worth...$20 worth of paper pulp with a promise from the government? And $20 worth of gold is worth....$20 in gold and a promise to buy them back 😁I'll keep buying the gold. Another factor in play here is that it's very hard to buying $20 in gold, as most fractional offered is in the low $100's. The purpose of gold bills is to offer a bartering system that is SECURED by actual gold and not paper. Making it 1:1 would be impossible. Besides, there's gold and silver coins for that if one must barter that way. This system is meant for everyday transactions that don't equate to large numbers. It's serving it's intended purpose.
@@MartinD9999 you paid $20 for $10 in gold, then the price of gold went up. You should've bought $20 in regular gold. You know who values fiat currency? The company that sold you $10 in gold for $20 in fiat...
This was fantastic! Although im in Canada and we have nothing like that here, my interest in Goldbacks started a couple years ago. Since then, ive collected a few , with the beautifully done Wyoming 5s my latest. I send them in Christmas cards! Thank you for this!!!
I bought some to collect. I don't use them to spend. as more states start making them (hoping more states come out with their own), I will collect them as part of a collection.
I guess silver must be completion for goldbacks because it wasn't mentioned once in the video. The United States was founded on a bimetallic system of Gold & Silver, not a gold standard as implied in the video. Smaller transactions were facilitated in silver coinage, not specs of gold.
Hey Tuttle Twins, it's been a few days since I posted on the Facebook group and two posts are still waiting to be approved. I just wanted to let you know that.
I own stacks of Goldbacks (vaulted free at Alpine Gold BTW!) Why? For the very reason they exist: to have gold in fractional (usable) sizes. Are they expensive? Yeah kinda....Retail value is roughly double spot price. But currently you can also spend them at retail value as well. Plus if you sell them back to Alpine they give you 1/1 exchange rate which is handy for day traders. A other great fact is the size. People that have never held gold probay have no idea how tiny a gram or half gram is... Very easy to lose if it's not in an assay card. Can't really say the same for Goldbacks, you're not likely to lose one. I keep most of mine vaulted, but I keep plenty on hand to go with some junk silver in case they are ever needed.
@@nostromza3433 It really depends on what your intentions are - if you're more interested in getting as absolutely close to spot price as possible, you're probably correct! in that case, I'd recommend gold shot or larger gold bars. If your intention is to have something with backing by a sovereign mint, I'd recommend perhaps full ounce gold coins by maybe the US mint or another major nation's mint. My personal favorite is Philharmonics from Austria. However, if you're maybe a bit of a prepper, or are losing faith in the purchasing power of the USD and want an alternative money instrument, you'll be getting diminishing returns on the back end when you actually spend your traditional coins in a transaction the more fractional you get. If you buy a 1/10thoz golden eagle and then barter with it, your chances of recouping every bit of the premium you've paid are extremely low - not to mention the premiums are pretty high to begin with and disproportionate the smaller the coins get. However, when you spend a goldback the premium you've paid is retained in it's utility value as money. The person buying it knows they can spend it just the same and that has value, which is inherent in the goldback. If I buy a goldback for $4usd, I can go buy $4usd's worth of goods and services with it. There's no loss on the back end! If there's anything you want me to expand on or elaborate please don't hesitate to ask
Have you guys thought of breaking it down below 1GB to have the equivalent of nickels, dimes, quarters etc. You could use silver and have "Silverbacks".
@@tool4rage434 There actually are silverbacks! they're more of a collectible at the moment, though.. 1/1,000th of an oz of silve isn't much melt value at all. But they are really beautiful and fit the collector's niche pretty well. If silver prices increase to what they probably should already be (much higher) then the technology is ready to make a full-fledged silverback series alongside goldbacks!
@@tool4rage434 As far as the less than 1GB denomination, there definitely has been talk about it.. without giving away too much, there will be options available in the future that I'm positive you'll be very happy with 😎 You can also already electronically own fractions of goldbacks.
The downside to any standard pinned to a comodity, wherther it's gold or seashells is that it is pinned to that comodity. If a society grows, and the amount of goods and services available grows, but the amount of money backed by a commodity doesn't because you can't increase that commodity at the same rate, then what do you do?
Prices will change, but like present day, commodity values relative to each other remain relatively stable, so purchasing power remains, or as in your example, actually increases. Not a bad thing.
So if I have a 1$ Gold Back and I go spend it at a store, should I expect the store to treat it as 1$ or 1/10000 ounce of gold at current exchange rate? I think a lot of stores would be nervous accepting it
Bring up the Goldback calculator on your phone. Show them the Average Exchange Rate, and base the transaction from there. Never let them treat a 1GB as $1. You'd be losing over 75% of its value.
It's based closer to the value of gold price at the moment than it is to simply $1 in currency, but the final valuation is based on the Goldback rate posted on the app/website. DO NOT value any Goldback on the printed $ amount! Always use the conversion.
Jeb: why don’t they just print more money? Cowboy imp: you idiot, if they did that. The value of the money would go down. Jeb: i don’t get it. How did it go down? Cowboy imp: because if Money is more common to come by. The value of it would go down. That’s why. Jeb: er….ya lost me. Cowboy imp: why do I even bother trying to explain this crap for you?!
I'd love to see goldbacks in more common usage, but the stores around me that accept them don't offer things I want. Also, $4.11 for the smallest one is still too high and a pre-65 dime is around $2 to walk out of the store with it. We need silverbacks to make change.
Junk silver is only good for the people who know what it is... The common store owner sees a 1950's Roosevelt dime and sees 10¢ he doesn't understand the concept of 90% Silver circulating coins. But everyone knows gold when they see it, and knows it's value. Yes I agree the retail price of a 1GB is expensive, but you're paying for the convenience. Plus if you're buying it for $4.11 you can still spend it at that value (well, current exchange rate). So you are getting $4 out of it. The only thing to spectate on is how much they would be worth after an economic collapse... Would they be face value? 1GB = $1 buying power? Or would the price skyrocket?
@@greyshadow9498 "Would they be face value? 1GB = $1 buying power? Or would the price skyrocket?" I think they'd skyrocket making that $4.11 become $10, $100, or whatever. And that makes it even harder to buy small things. I'd think people would imagine a bar or coin when they think of gold. Not a floppy piece of plastic. I think I'd have to do just as much explaining for a GB as for a pre-65 dime.
The Silverback is only a collector's item produced in limited quantities because currently the price of silver is so low that the production costs make it impossible to mass produce as a currency. A better solution I've heard suggested is a 1 GB that is either perforated or at least marked for cutting into 4ths. Then each quarter GB would be worth about a dollar. I haven't heard the opinion of anyone from GB on this idea so I don't know if they have even heard of it or thought of it, but I think it would be great IF the cutting wouldn't cause delamination issues. I'd like to see someone bring it up to Jeremy or Benjamin in an interview. Apart from that, junk silver dimes are probably the best bet for smaller change, or just biting the bullet and accepting fiat change.
Great idea on goldbacks but at an exchange rate for cost of buying these things... im loosing 70% of my dollar to its value in gold. Its worth 30% of what the ammount of gold is if my math is right... 😢
@@marten3451 long term? At the rate of golds increase in value. I would need to wait what? 80 years to make any profit off it? No its idea is great but saving money is not one. in a grid down situation it would be great but as a hold of value... not so much
Gold is not a useful form of currency for average citizens. And it hasn't been for millennia. GOVERNMENTS could trade with gold. But the average citizen used silver or copper. You wouldn't use gold in everyday transactions for the same reason you wouldn't use $100,000-bills (they used to make them.) A dollar didn't represent a dollar's worth in gold. It represented a dollar's worth in SILVER. "This certifies that there is on deposit in the treasury of THE UNITED STATES OF AMERICA One dollar in silver payable to the bearer on demand" That is the language that appeared on the one-dollar bill. I used to have a $1 silver certificate. But I lost it. I have to reconstruct the verbiage from the $5 certificate I still have. And, instead of simply saying that taking the nation off the gold standard would be a monumentally stupid idea, it is useful to realize WHY Nixon did that. Oher nations were threatening a run on the country's gold supply. Our foreign debts were overextended. If our nation tried to stay on a gold standard, we wouldn't _have_ a nation at this point.
It sounds like you have a better grasp than the average person on this subject. There is certainly a lot of nuance missing (but, hey, it's a kids cartoon). What you are missing is that a set amount of Silver dollars were pegged to Gold at a fixed ratio. The $20 bill was redeemable for a gold coin that weighed about an ounce. What you actually had was an unsustainable tri-metal system. Goldbacks are interesting because they replace both copper and silver as monetary metals.
@@soundmoneyguy5949 "What you actually had was an unsustainable tri-metal system." That unsustainable system watched empires rise and fall. For practical purposes, all monetary systems have been fiat currency. Linking the currency to a substance hard to produce resists just printing more of it. But even then, when Adam Smith wrote _Wealth of Nations_ he noted that a pound of silver could be exchanged for 62 shillings. I thought that that number was strange, because it was more than twenty.
Yeah, the video addresses that, and gives us the solution. Gold is not viable because it is too expensive, and small fractions with a low value are just too small. Now slap 0.03g of gold on a banknote, and boom, gold is easy to carry and with a value adequate to everyday use.
@@martitasiete7 "the cartoon has the solution" About as much as your response to me has the solution. What the cartoon has is a creator that wants to sell off some gold.
The Creator of the show even says IN THIS VIDEO that they are worth about $4 dollars a piece, yet to get them for anywhere near that you have to buy a $999 bundle which they claim is on sale from a normal price of $1776. It is most likely one of those permanent "sales" that online shops do to activate your FOMO. The least you can buy is 8 goldbacks at $49 which is over $6 each. The whole thing just feels sleazy. Both companies seem to be shooting themselves in the foot with this partnership. Get your Goldbacks elsewhere!
![Antarctica for Kids and Schools [Documentary]](/img/1.gif)
We accept these at our business. It’s always exciting when someone comes in and pays with them.
I’ve also been using these to pay my son for chores. He loves them. So much more exciting than a paper dollar. These are shiny. And to a 6 year old, that means they are valuable. Lol
Good idea on paying for chores with goldbacks
I will try to redo my former comment: I have been collecting Goldbacks and giving them out on cruise ships to those who are working so very hard for so very little. One guy was so impressed he declared it a family heirloom and is holding it for his 6 yr old daughter to give to her when she turns 16. Goldbacks are valuable in so many ways. Everyone wants gold. Even aliens(according to ancient alien theorists..lol)
That's really cool of you to do. And besides the value, it even looks better than the bland FRN (Federal Reserve Note).
🤔 Handing them out as tips and rewards would be a very interesting way to introduce them to those that wouldn't normally be aware of them. Thanks for the idea.
I'm so excited to show this to my niece and nephews!
This episode was exceptionally well done. Goldbacks seem to really be catching on. This partnership between the Tuttles and Goldback feels really natural. I had to double check to see that it was actually sponsored since it fit in so well with the ideas and principles in the show.
Except the fact that they totally rip you off if you buy Goldback from the Tuttle Twins site. You have to buy a $999 bundle to come CLOSE to the exchange rate. I'm not hating. It's their business and they can do what they want with it, but if someone sees this video and then goes to their site to buy they are going to be turned off by the idea of Goldbacks. The biggest attack levied at goldbacks by haters is already the price your paying vs the amount of gold. I'm not one of those people, and I understand that you are paying for utility, but at the price Tuttle Twins are selling it would be extremely foolish for anyone to buy them. Not the best marketing for the Goldback.
Like it!!! "You Don't have to be old, to own a little gold"
Cool episode, and I love the idea of GBs!
The fact that they’ve doubled in value since inception has helped convince me these things are working. Glad to own a few!
Have you tried spending them? You know, because it's money?
@@progidy7 I have. Just passed my 100th Goldback transaction.
By the way, they tell you upfront that you are getting about half the gold that you paid for. The manufacturing is so expensive that if you pay $20, the gold itself is only worth $10.
So congratulations on it finally being worth what you paid for! I hope that when you do go to purchase something for $20, they don't realize that it's not actually $20 in gold.
@@progidy7 Sounds like it's worth more than a $20 paper bill then, huh? Because $20 bills are worth...$20 worth of paper pulp with a promise from the government? And $20 worth of gold is worth....$20 in gold and a promise to buy them back 😁I'll keep buying the gold.
Another factor in play here is that it's very hard to buying $20 in gold, as most fractional offered is in the low $100's.
The purpose of gold bills is to offer a bartering system that is SECURED by actual gold and not paper. Making it 1:1 would be impossible. Besides, there's gold and silver coins for that if one must barter that way. This system is meant for everyday transactions that don't equate to large numbers. It's serving it's intended purpose.
@@MartinD9999 you paid $20 for $10 in gold, then the price of gold went up. You should've bought $20 in regular gold. You know who values fiat currency? The company that sold you $10 in gold for $20 in fiat...
Sure wish the use of goldbacks would take off. Hand these out as stocking stuffers, folks! Get the word out!
They have but they are limited by the amout they can make as it's a bit hard process to make.
Very good explanation of what gold backs could be, educating the public of what real money is. Good job.
These are libertarian collectibles, not money
Look up article 1 section 10 in the us constitution.
In Utah, they are money. Gold and silver were made legal tender about 12 years ago.
@@edwilliams4793 money is accepted at all establishments. Goldbacks are accepted at a few hundred establishments.
@@progidy7 If this isn't money, what is?
7:50 somebody when they tell me when something isn't edible
This was fantastic! Although im in Canada and we have nothing like that here, my interest in Goldbacks started a couple years ago. Since then, ive collected a few , with the beautifully done Wyoming 5s my latest. I send them in Christmas cards! Thank you for this!!!
Karrine’s acting has improved - and she accepts goldback as payment.
Character development?
I hope she doesn't get the "Chloé Bourgois-treatment"...
Grandma is the Deadpool of Tuttle Twins.
Love this…!!!
Have been collecting Goldbacks for months now 😊
Let’s goooooo…!!!
Tuttle twins has top notch writing. 👍
Heck yeah, Tuttle Twins and Goldbacks.
And that's why JUSTICE is best served... GOLD
Fantastick video, this is super great for kids to learn the value of money and how inflation really work and to never repeat history of robber barons.
Absolutely love this
I bought some to collect. I don't use them to spend. as more states start making them (hoping more states come out with their own), I will collect them as part of a collection.
I guess silver must be completion for goldbacks because it wasn't mentioned once in the video. The United States was founded on a bimetallic system of Gold & Silver, not a gold standard as implied in the video. Smaller transactions were facilitated in silver coinage, not specs of gold.
The production cost is too prohibitive given the relatively low value of silver. Goldbacks are expensive to make.
Hahaha, I love goldback.
Wow!
Goldbacks are so cool!
Actual gold is in usable cash!😮
Hey Tuttle Twins, it's been a few days since I posted on the Facebook group and two posts are still waiting to be approved. I just wanted to let you know that.
Sorry Spencer! One of our lead marketers just had a baby and one just left on vacation Its a bit crazy over here haha. 🤣
@@TuttleTwins Congrats to the lead marketer and I hope the other person has a great time on the vacation. I do hope my posts get approved soon
I own stacks of Goldbacks (vaulted free at Alpine Gold BTW!)
Why? For the very reason they exist: to have gold in fractional (usable) sizes.
Are they expensive? Yeah kinda....Retail value is roughly double spot price. But currently you can also spend them at retail value as well. Plus if you sell them back to Alpine they give you 1/1 exchange rate which is handy for day traders.
A other great fact is the size.
People that have never held gold probay have no idea how tiny a gram or half gram is... Very easy to lose if it's not in an assay card.
Can't really say the same for Goldbacks, you're not likely to lose one.
I keep most of mine vaulted, but I keep plenty on hand to go with some junk silver in case they are ever needed.
If anyone has any questions about Goldbacks please feel free to ask!
Some people say goldbacks aren't a good investment and are better as a collector item, why do you think they are more than that?
@@nostromza3433 It really depends on what your intentions are - if you're more interested in getting as absolutely close to spot price as possible, you're probably correct! in that case, I'd recommend gold shot or larger gold bars.
If your intention is to have something with backing by a sovereign mint, I'd recommend perhaps full ounce gold coins by maybe the US mint or another major nation's mint. My personal favorite is Philharmonics from Austria.
However, if you're maybe a bit of a prepper, or are losing faith in the purchasing power of the USD and want an alternative money instrument, you'll be getting diminishing returns on the back end when you actually spend your traditional coins in a transaction the more fractional you get. If you buy a 1/10thoz golden eagle and then barter with it, your chances of recouping every bit of the premium you've paid are extremely low - not to mention the premiums are pretty high to begin with and disproportionate the smaller the coins get. However, when you spend a goldback the premium you've paid is retained in it's utility value as money. The person buying it knows they can spend it just the same and that has value, which is inherent in the goldback. If I buy a goldback for $4usd, I can go buy $4usd's worth of goods and services with it. There's no loss on the back end!
If there's anything you want me to expand on or elaborate please don't hesitate to ask
Have you guys thought of breaking it down below 1GB to have the equivalent of nickels, dimes, quarters etc. You could use silver and have "Silverbacks".
@@tool4rage434 There actually are silverbacks! they're more of a collectible at the moment, though.. 1/1,000th of an oz of silve isn't much melt value at all. But they are really beautiful and fit the collector's niche pretty well. If silver prices increase to what they probably should already be (much higher) then the technology is ready to make a full-fledged silverback series alongside goldbacks!
@@tool4rage434 As far as the less than 1GB denomination, there definitely has been talk about it.. without giving away too much, there will be options available in the future that I'm positive you'll be very happy with 😎
You can also already electronically own fractions of goldbacks.
Where cn I get those?
Have they stopped allowing comments? Mine was posted an hour ago…never showed up?
Only true Tuttle twins fans can like this comment
finaly somethink very smart educating the kids and the old one....
Love it!
Can I have some goldbacks please
The downside to any standard pinned to a comodity, wherther it's gold or seashells is that it is pinned to that comodity. If a society grows, and the amount of goods and services available grows, but the amount of money backed by a commodity doesn't because you can't increase that commodity at the same rate, then what do you do?
Prices will change, but like present day, commodity values relative to each other remain relatively stable, so purchasing power remains, or as in your example, actually increases. Not a bad thing.
Don't get confuse with the name Goldback, on each bill you have the gold on it 😉
What is a taxi Geico I didn’t see him leave
It's about time we educate our kids about REAL money.
Goldbacks are the future of REAL money.
Gold and cryptos are the future of money, inflation no more.
So if I have a 1$ Gold Back and I go spend it at a store, should I expect the store to treat it as 1$ or 1/10000 ounce of gold at current exchange rate?
I think a lot of stores would be nervous accepting it
Bring up the Goldback calculator on your phone. Show them the Average Exchange Rate, and base the transaction from there. Never let them treat a 1GB as $1. You'd be losing over 75% of its value.
It's based closer to the value of gold price at the moment than it is to simply $1 in currency, but the final valuation is based on the Goldback rate posted on the app/website. DO NOT value any Goldback on the printed $ amount! Always use the conversion.
Jeb: why don’t they just print more money?
Cowboy imp: you idiot, if they did that. The value of the money would go down.
Jeb: i don’t get it. How did it go down?
Cowboy imp: because if Money is more common to come by. The value of it would go down. That’s why.
Jeb: er….ya lost me.
Cowboy imp: why do I even bother trying to explain this crap for you?!
I'd love to see goldbacks in more common usage, but the stores around me that accept them don't offer things I want. Also, $4.11 for the smallest one is still too high and a pre-65 dime is around $2 to walk out of the store with it. We need silverbacks to make change.
Junk silver is only good for the people who know what it is...
The common store owner sees a 1950's Roosevelt dime and sees 10¢ he doesn't understand the concept of 90% Silver circulating coins.
But everyone knows gold when they see it, and knows it's value.
Yes I agree the retail price of a 1GB is expensive, but you're paying for the convenience. Plus if you're buying it for $4.11 you can still spend it at that value (well, current exchange rate). So you are getting $4 out of it.
The only thing to spectate on is how much they would be worth after an economic collapse...
Would they be face value? 1GB = $1 buying power? Or would the price skyrocket?
@@greyshadow9498 "Would they be face value? 1GB = $1 buying power? Or would the price skyrocket?" I think they'd skyrocket making that $4.11 become $10, $100, or whatever. And that makes it even harder to buy small things.
I'd think people would imagine a bar or coin when they think of gold. Not a floppy piece of plastic. I think I'd have to do just as much explaining for a GB as for a pre-65 dime.
The Silverback is only a collector's item produced in limited quantities because currently the price of silver is so low that the production costs make it impossible to mass produce as a currency. A better solution I've heard suggested is a 1 GB that is either perforated or at least marked for cutting into 4ths. Then each quarter GB would be worth about a dollar. I haven't heard the opinion of anyone from GB on this idea so I don't know if they have even heard of it or thought of it, but I think it would be great IF the cutting wouldn't cause delamination issues. I'd like to see someone bring it up to Jeremy or Benjamin in an interview. Apart from that, junk silver dimes are probably the best bet for smaller change, or just biting the bullet and accepting fiat change.
decently expensive animation >_>
I didn't know they had branded straps lol
Great idea on goldbacks but at an exchange rate for cost of buying these things... im loosing 70% of my dollar to its value in gold. Its worth 30% of what the ammount of gold is if my math is right... 😢
thats why its best to invest them as long term investments and not a quick way to get rich scheme.
@@marten3451 long term? At the rate of golds increase in value. I would need to wait what? 80 years to make any profit off it? No its idea is great but saving money is not one. in a grid down situation it would be great but as a hold of value... not so much
Gold is not a useful form of currency for average citizens. And it hasn't been for millennia. GOVERNMENTS could trade with gold. But the average citizen used silver or copper. You wouldn't use gold in everyday transactions for the same reason you wouldn't use $100,000-bills (they used to make them.)
A dollar didn't represent a dollar's worth in gold. It represented a dollar's worth in SILVER. "This certifies that there is on deposit in the treasury of THE UNITED STATES OF AMERICA One dollar in silver payable to the bearer on demand" That is the language that appeared on the one-dollar bill. I used to have a $1 silver certificate. But I lost it. I have to reconstruct the verbiage from the $5 certificate I still have.
And, instead of simply saying that taking the nation off the gold standard would be a monumentally stupid idea, it is useful to realize WHY Nixon did that. Oher nations were threatening a run on the country's gold supply. Our foreign debts were overextended. If our nation tried to stay on a gold standard, we wouldn't _have_ a nation at this point.
It sounds like you have a better grasp than the average person on this subject. There is certainly a lot of nuance missing (but, hey, it's a kids cartoon).
What you are missing is that a set amount of Silver dollars were pegged to Gold at a fixed ratio. The $20 bill was redeemable for a gold coin that weighed about an ounce.
What you actually had was an unsustainable tri-metal system.
Goldbacks are interesting because they replace both copper and silver as monetary metals.
@@soundmoneyguy5949
"What you actually had was an unsustainable tri-metal system."
That unsustainable system watched empires rise and fall. For practical purposes, all monetary systems have been fiat currency. Linking the currency to a substance hard to produce resists just printing more of it. But even then, when Adam Smith wrote _Wealth of Nations_ he noted that a pound of silver could be exchanged for 62 shillings. I thought that that number was strange, because it was more than twenty.
Yeah, the video addresses that, and gives us the solution.
Gold is not viable because it is too expensive, and small fractions with a low value are just too small.
Now slap 0.03g of gold on a banknote, and boom, gold is easy to carry and with a value adequate to everyday use.
the cartoon has the solution
@@martitasiete7
"the cartoon has the solution"
About as much as your response to me has the solution. What the cartoon has is a creator that wants to sell off some gold.
The Creator of the show even says IN THIS VIDEO that they are worth about $4 dollars a piece, yet to get them for anywhere near that you have to buy a $999 bundle which they claim is on sale from a normal price of $1776. It is most likely one of those permanent "sales" that online shops do to activate your FOMO. The least you can buy is 8 goldbacks at $49 which is over $6 each. The whole thing just feels sleazy. Both companies seem to be shooting themselves in the foot with this partnership. Get your Goldbacks elsewhere!
at the time of the video it was 4.65 and now its 5.66 for a single goldback. thats the 1$ goldback.
You stole idea from RUclipsr
They made the episode, this is the OFFICIAL channel
Wait why do GoldBacks just go up to $50, they could go up to $1000 goldbacks
$1000 Goldbacks is a freaking ounce of gold, that's not really a bright idea for money.
not exactly, each goldback is 24-karat gold within and it would be hard to break a $1000 goldback if you only spent $355 goldback.
So good to finally see a show not blindly indoctrinating kids with pro government theft nonsense.