security features on each Goldback. 1. A serial number, they can be authenticated. (See front and back) 2. Micro-pattern in gold throughout plus the filigree birders can be identified. 3. The gold content can be measured with hi-end XRF tech. 4. The Hi-Tech manufacturing process cannot be affordable replicated. 5. Ability to demand gold in exchange for Goldbacks from Goldback, inc. 6. Black light ink on reverse shows Denomination and Au
Ditto. I bought a bunch to spend and I put a stack away. I've had to go back and buy more to spend though - it was easier to do than I thought it would be. But, because the price of gold rose, I have made the difference back.
@jaybarr3307 Here in Vermont, no business accepts them...yet. so, I just buy and stack. I buy the ones. What's good is, I can go to Manchester N.H. and exchange the ones for larger denominations.
The introduction of the 1/2 and the 2 is brilliant. The 100, I'm not a huge fan of, because it's a 10th oz, and it's cheaper to go with a proper coin for that. I mean, why not, but I don't imagine it will be used all that much.
Where the proportional Goldback exchange rate plan falls apart is the 100 GB (1/10th oz) point. A 100 GB is $540 vs a 1/10 oz coin (About $300 @ $2,690 spot), yet the coin is easier to carry. Smaller GB denominations make sense due to the fact that gold coins are not common (1, 2.5g, 5g and 10 gram bars are difficult to value properly) and GB are easily divisible.
The funny thing I was having this discussion with another friend of mine that also stacks I feel like gold backs are useful for small amounts that would be hard to hold find or carry or easy to lose While the 50 and 100 gold back just seems like it would be easier to carry a coin 1/10 or 1/20 of an ounce
Whats interesting is lets say Florida makes it an official state currency and the value skyrockets those specific bills will have a different exchange rate than the rest? it would trade for, more than gold value it would be based on premium due to supply and demand...I LOVE the goldbacks but really feel it can never happen, they are cool collectibles and literal art but the US government would never allow it...They would make these illegal as tender and make their own if they even considered the idea...well see with more time :)
Thank you for setting the record straight on Goldbacks and showing the new Florida series. They look absolutely stunning and I'm giving some serious thought in adding some individual ones to my personal collection (not my stack). Good Show! 👍
I like the Goldbacks, but I think their denomination vs. their market price makes them at least one step more complicated than a physical Gold or Silver coin. I will eventually purchase Goldbacks, but I will not be likely to ever see them as exactly the same or superior to physical coinage.
Hi Speg. Big fan of you (and Guy, of course). If you' own Goldbacks, you're no idiot. I wanna buy 100 1/2 GBs to go with the many others I own. I buy NH versions because I live in MA and I spend 'em all over MA and NH without issue. About 80% of the folks I offer them to decide to accept them. Since they are meant to be "hyper-fractional", I prefer the 1's and now the 1/2's.
the sticky issue isnt an issue at all you have to be rough with them but then you may crease it and thats harsh since people see these as collectibles and want to preserve their value by keeping them perfect, IK have one bent in my wallet hooping to wear it up a lot to see how it wears...so far its rigid on the ends still very awkward and slippery still...
@@Spegtacular Wear tolerance is a real issue, if you really want these things to be a circulating currency people use. A dollar bill will survive about six and a half years, on average, and change hands close to 700 times in that time frame. They get crumpled, wadded, left in sweaty pockets. Left in clothing that goes through the wash and on and on. If gold backs can't handle that, they ain't gonna make it as a mainstream currency. In the real world, money doesn't get handled like collectible trading cards kept in slabs or binders with protective sheets.
I'm waiting, patiently, for the few i ordered to be shipped. I'm not getting them to be used but as a fun collectible.....i just don't see them being used in the near future....kinda like the $2 bills were. Everyone put them back as fun collectibles and very few got used. These goldbacks are works of art!
Dunno who you went through but everyone has to wait until the 15th to begin shipping and then I can tell you for almost certainty (99%) that Goldback the company won’t have everyone’s supply to the pre-order companies by that date.
Well, Speg, I ordered them through your site and since you said they wouldn't be shipped until after the 15th, that's why I said I'm waiting, patiently since I know you ship promptly. @@Spegtacular
If it was even possible to separate the gold from paper plastic. At what price are you paying for the AGW in 100 PC of 5.s. Last time I checked fractional is cheaper and easier to sell
Sreetips processed some goldbacks on his RUclips channel some time ago. They seem to contain exactly the amount of gold as advertised, but you need to invest quite some time, chemicals and knowledge to get it off of the foils. In my opinion because of that goldbacks will stay a collector's item / novelty item. There are plenty of 1 gram bars and 1/10 troy ounce coins for invesors and stackers who can't or won't afford a larger piece of gold. Even smaller units might be impractical for many stackers or investors, even if the price of gold is rising even higher. The gold content of a coin or a bar is usually easier to both understand and verify, especially to a person with very little no experience / knowledge about precious metals or numismatics. But still the goldbacks are pretty to look at and probably a good way to get more people interested in precious metals.
Keep in mind that the first few prints will have the alpha logo next to the year, think of the older pokemon cards with 1st edition. Question: how do we take collection to the next level? Adding gold on it is a good start. So this is a collectible at the least.
I am still hoping to find businesses in Kansas that will take Goldbacks so I can start using them as intended. I think getting gold back into circulation as money is a good thing.
I have a $1 note or two just as a novelty. I hope they do well, but I will probably just enjoy them from afar for now. I know they aren't meant for stackers to add weight & that's my current goal.
Yeah, they're all the same gold weight so that's all that really matters. I think they just make new state designs when enough businesses in a state start accepting them, or something like that.
#PMGSTAKS Question if you get a ounce of gold Backs could you melt them down for the ounce of gold in Them Question could they be checked on the Sigma machine Let me know thanks
Great video!! All my backs are sticky. Esp the 1’s. You gotta watch it for sure!! In NV we can use GB’s as legal tender, but as of now it is not known and not adapted. Even the people that have GoldATM’s in their store have no clue what they are and what to do with them. I am like you. I love them, believe in the movement. I’m way up in value. But long road.
XRF I can't prove or deny at this very moment. I can ask someone with a machine though to confirm this for us though. The XRF is a surface test but I'm not sure if the notes are still too thin for it. The Sigma begins reading just below the service and well, these are way too thin for them (yes, I tested it).
@@SilverLumberjack and when you need cash what you buying what oh wait fiat ..because why the person dose not take metal or what you have to offer vs priming the people around you to take a uniform, high security note metal and growing a better community
So does a 2 dollar one get you 2 worth of food or goods? When you use a 5 and need change what do they give you? That's the part I'm a bit confused about.
The numbers indicate fractions of ounces. So a "1" goldback is 1/1,000th of an ounce. Multiply from there. A 10 goldback is 10/1000ths of an ounce or like our math teacher told it, more properly expressed reduced as 1/100th and so on. So where it gets a little tricky is what they're worth. It's basically the spot value of the amount of gold times two, more or less. I think there is a daily or weekly exchange rate posted.
It's getting a little cold here maybe I will move to Florida 😅 What I do with paper when it get static electricity have to fan them out and get the static out of them
humm like i always say gold backs good for , transaction, security, art and community, Collecting but its never for weight .. its all about your planned use and end goals ... sure old realm/junk coins can do the same but are less secure and easy to be faked messed with and devalued so depended how the person across the counter measures things you could win or lose or there if there tools work the gold backs are just easy and uniform and yes your paying a bit more for the securities and manufacturing but people pay it on every thing its the scaling that's different but the end of the day on gbs you get it back or more even more so if you dollar cost average .. and then top it off with a community boom you got a no brain winner
It's not so much a matter of states. It's not legal tender anywhere in the same was as USD. I think there's four states or so that will let you pay taxes with goldbacks within their jurisdiction. Beyond that, so far as I know, nobody is compelled to accept them. To the degree they actually circulate, it's mostly among the community of goldback enthusiasts, some of who happen to own small businesses. It's actual use in commerce is likely to remain limited because they're not capable of functioning in the full "life cycle" of money right now. You can find some retailers who will sell you goods in exchange for them, but for the most part they cannot pass them up the chain to pay their taxes, their vendors, employees, or bank them.
@@soundmoneyguy5949 Which is why it's not a good idea. Ten years ago or so I was trained on the use of an atomic force microscope. It's tedious work, but I could pick up and put down and sell you one gold atom at a time if you wanted. But there's no good reason to do so. For all the hassle of making a one-thousandth ounce piece of gold, I can use two or three silver mercury dimes to transmit or store the same value. And nearly all that value will remain intrinsic rather than premium.
I like my fractional gold. It's real and can be authenticated. Small sub culture group of people will buy gold backs. $100 Bill is money every where. Don't waste your money.
@WhiteRaven12773 better than a goldback. Sort of a ridiculous example. A Bic lighters would be useful in the situation you suggest. Go ahead buy some goldbacks for the bush
Free $15 on me off your first purchase on Whatnot (can be used anywhere on the app) whatnot.com/invite/spegtacular Sell on Whatnot and get $150 cash match for your first 7 days! Use the SAME link as above! #whatnotpartner
They are pretty and I'm interested in them as collectibles but my main concern is the liquidity. Where do I exchange these? Who would honor the exchange rate? And if I brought them to a i.e., grocery store would they honor the face value or the face value x exchange rate? Don't get me wrong these look amazing but I'm still pretty sceptical. You still may see me at WhatNot. Cheers, thanks for the great video.
Where can I order from you.i see your shirts but mot gold backs?
spegtacular.com/
I have much of his merch. Cool stuff
Aww my biggest fan lol
What security features are baked into these gold backs?
security features on each Goldback.
1. A serial number, they can be authenticated. (See front and back)
2. Micro-pattern in gold throughout plus the filigree birders can be identified.
3. The gold content can be measured with hi-end XRF tech.
4. The Hi-Tech manufacturing process cannot be affordable replicated.
5. Ability to demand gold in exchange for Goldbacks from Goldback, inc.
6. Black light ink on reverse shows Denomination and Au
I started buying GB when the exchange rate was $3.50. Now the exchange rate is $5.54. I have lost nothing.
Ditto. I bought a bunch to spend and I put a stack away. I've had to go back and buy more to spend though - it was easier to do than I thought it would be. But, because the price of gold rose, I have made the difference back.
@jaybarr3307 Here in Vermont, no business accepts them...yet. so, I just buy and stack. I buy the ones. What's good is, I can go to Manchester N.H. and exchange the ones for larger denominations.
The introduction of the 1/2 and the 2 is brilliant. The 100, I'm not a huge fan of, because it's a 10th oz, and it's cheaper to go with a proper coin for that. I mean, why not, but I don't imagine it will be used all that much.
Where the proportional Goldback exchange rate plan falls apart is the 100 GB (1/10th oz) point. A 100 GB is $540 vs a 1/10 oz coin (About $300 @ $2,690 spot), yet the coin is easier to carry. Smaller GB denominations make sense due to the fact that gold coins are not common (1, 2.5g, 5g and 10 gram bars are difficult to value properly) and GB are easily divisible.
The funny thing I was having this discussion with another friend of mine that also stacks
I feel like gold backs are useful for small amounts that would be hard to hold find or carry or easy to lose
While the 50 and 100 gold back just seems like it would be easier to carry a coin 1/10 or 1/20 of an ounce
Does a $100 gb weigh more then a $1 GB like does it have the appropriate amount of gold. Iv had the $1gb
@@jeffgodfrey8797 yeah it should weight 100 times as much, if you notice the higher denomination bills are literally bigger and thicker...
Hey Speg! Did you happen to see “Homestead”? Goldback partly sponsored the movie and were featured quite prominently in it.
Whats interesting is lets say Florida makes it an official state currency and the value skyrockets those specific bills will have a different exchange rate than the rest? it would trade for, more than gold value it would be based on premium due to supply and demand...I LOVE the goldbacks but really feel it can never happen, they are cool collectibles and literal art but the US government would never allow it...They would make these illegal as tender and make their own if they even considered the idea...well see with more time :)
its in the constitution -only gold and silver are to be money in the states but many made the switch to fiat
Thank you for setting the record straight on Goldbacks and showing the new Florida series. They look absolutely stunning and I'm giving some serious thought in adding some individual ones to my personal collection (not my stack). Good Show! 👍
I totally get what the Goldbacks are and I’m a big fan. Spendable gold is a concept people need to understand. It is sound money!
Those gold backs are awesome
I like the Goldbacks, but I think their denomination vs. their market price makes them at least one step more complicated than a physical Gold or Silver coin. I will eventually purchase Goldbacks, but I will not be likely to ever see them as exactly the same or superior to physical coinage.
We accept the goldbacks at our business in North Texas. I know our state is coming up!
Hi Speg. Big fan of you (and Guy, of course). If you' own Goldbacks, you're no idiot. I wanna buy 100 1/2 GBs to go with the many others I own. I buy NH versions because I live in MA and I spend 'em all over MA and NH without issue. About 80% of the folks I offer them to decide to accept them. Since they are meant to be "hyper-fractional", I prefer the 1's and now the 1/2's.
the sticky issue isnt an issue at all you have to be rough with them but then you may crease it and thats harsh since people see these as collectibles and want to preserve their value by keeping them perfect, IK have one bent in my wallet hooping to wear it up a lot to see how it wears...so far its rigid on the ends still very awkward and slippery still...
Jeff… did you write while drinking again?
@@Spegtacular Wear tolerance is a real issue, if you really want these things to be a circulating currency people use.
A dollar bill will survive about six and a half years, on average, and change hands close to 700 times in that time frame. They get crumpled, wadded, left in sweaty pockets. Left in clothing that goes through the wash and on and on.
If gold backs can't handle that, they ain't gonna make it as a mainstream currency. In the real world, money doesn't get handled like collectible trading cards kept in slabs or binders with protective sheets.
I'm waiting, patiently, for the few i ordered to be shipped. I'm not getting them to be used but as a fun collectible.....i just don't see them being used in the near future....kinda like the $2 bills were. Everyone put them back as fun collectibles and very few got used. These goldbacks are works of art!
Dunno who you went through but everyone has to wait until the 15th to begin shipping and then I can tell you for almost certainty (99%) that Goldback the company won’t have everyone’s supply to the pre-order companies by that date.
Well, Speg, I ordered them through your site and since you said they wouldn't be shipped until after the 15th, that's why I said I'm waiting, patiently since I know you ship promptly. @@Spegtacular
If it was even possible to separate the gold from paper plastic. At what price are you paying for the AGW in 100 PC of 5.s. Last time I checked fractional is cheaper and easier to sell
but they are less secure and harder to transport and for a new person the money you put in you can get more out in as little at 2-4 months or so
All you need is fire the gold is there but I still don't like them
Sreetips processed some goldbacks on his RUclips channel some time ago.
They seem to contain exactly the amount of gold as advertised, but you need to invest quite some time, chemicals and knowledge to get it off of the foils.
In my opinion because of that goldbacks will stay a collector's item / novelty item. There are plenty of 1 gram bars and 1/10 troy ounce coins for invesors and stackers who can't or won't afford a larger piece of gold. Even smaller units might be impractical for many stackers or investors, even if the price of gold is rising even higher. The gold content of a coin or a bar is usually easier to both understand and verify, especially to a person with very little no experience / knowledge about precious metals or numismatics.
But still the goldbacks are pretty to look at and probably a good way to get more people interested in precious metals.
Goldbacks are for spending, leasing, transferring, earning interest, side-stepping inflation. Bullion or bars are limited compared to these.
@@bigblind4085 fair but its all depends on your end goals .. theses are great trade and collectors items
I bought a set of one each up to 100 and the cute box. Mainly because they are cool.
Keep in mind that the first few prints will have the alpha logo next to the year, think of the older pokemon cards with 1st edition. Question: how do we take collection to the next level? Adding gold on it is a good start. So this is a collectible at the least.
I am still hoping to find businesses in Kansas that will take Goldbacks so I can start using them as intended. I think getting gold back into circulation as money is a good thing.
Goldbacks are truly an amazing way to bring sound money to local communities.
I am trying to get Oklahoma to become a Goldback state
I have a $1 note or two just as a novelty.
I hope they do well, but I will probably just enjoy them from afar for now.
I know they aren't meant for stackers to add weight & that's my current goal.
Can we use goldbacks from any state here in Florida? And other. States?
Not state dependent, just if a store accepts them or not.
@@silverfoxfinance thanks for the info!
Yeah, they're all the same gold weight so that's all that really matters. I think they just make new state designs when enough businesses in a state start accepting them, or something like that.
They are like the state quarters.
I love the way these look. They are gold but I’m more interested in them as art or collector value. For stacking, I prefer coin form.
They are cool but not for me. I mean id take some but im not buying money to spend. Im sure the gold back makers found a cool way to make money lol
#PMGSTAKS Question if you get a ounce of gold Backs could you melt them down for the ounce of gold in Them Question could they be checked on the Sigma machine Let me know thanks
Yes, of course.
Why would you melt them down? That don't make no sense
There's videos on RUclips of people melting them down and extracting the gold they contain exactly what they advertise
@@AdamWest-h5z for an experiment even if its just a 1 gb
@@Spegtacular #PMGSTAKS thanks it was just a question
I’m a fanboy of the goldback. Wish my state had them. I think they are a great concept. Cannot wait for my Florida gokdback preorder
Lord Have Mercy!
Great video!! All my backs are sticky. Esp the 1’s. You gotta watch it for sure!!
In NV we can use GB’s as legal tender, but as of now it is not known and not adapted. Even the people that have GoldATM’s in their store have no clue what they are and what to do with them.
I am like you. I love them, believe in the movement. I’m way up in value. But long road.
Thanks man I just placed an order for some beautiful goldbacks
Hard pass for me on goldbacks. They're fun to look at though.
You’re fun to look at..
Does gold backs pass sigma metalytic tester ?
Yes. And XF and metal detector too.
Sigma won’t pick them up. Way too thin.
@ Thank you
XRF I can't prove or deny at this very moment. I can ask someone with a machine though to confirm this for us though. The XRF is a surface test but I'm not sure if the notes are still too thin for it. The Sigma begins reading just below the service and well, these are way too thin for them (yes, I tested it).
@ 🆒
I like the pirate girl too. That’s beautiful art.
If they made the pirate Lily Phillips and another bill with Capt. Jack Sparrow, I'd buy them!🤣
As long as stores take fiat then is literally no reason to spend goldbacks/gold/silver. Give them the fiat and keep the metals.
Incorrect. The whole point of goldbacks is to create a currency for transactions. If all you want to do is hoard metal weight, buy a bar.
right make your community poorer .. vs spending gold backs and make them richer .. you your self look like a better person
@ Anyone would be foolish to willing spend metals when they still take fiat.
@ Greshams Law
@@SilverLumberjack and when you need cash what you buying what oh wait fiat ..because why the person dose not take metal or what you have to offer vs priming the people around you to take a uniform, high security note metal and growing a better community
So does a 2 dollar one get you 2 worth of food or goods? When you use a 5 and need change what do they give you? That's the part I'm a bit confused about.
The numbers indicate fractions of ounces. So a "1" goldback is 1/1,000th of an ounce. Multiply from there. A 10 goldback is 10/1000ths of an ounce or like our math teacher told it, more properly expressed reduced as 1/100th and so on.
So where it gets a little tricky is what they're worth. It's basically the spot value of the amount of gold times two, more or less. I think there is a daily or weekly exchange rate posted.
they are pretty but im going to pass.
You’re pretty… I can’t pass on you though!
A pretty collectors item is the only reason i would buy any.
I’d like to get a couple of the special Goldbacks that went to particular customers in Florida.
Which was that?
I love em all!
All you need is love.
How many come in a sleeve???
100
Goldbacks are the new money. The Dollar is dying a slow death.
How do they handle Heat? If you leave one on the car dash, will it melt?
It’s a fair question. The gold won’t but one sure about the other stuff
It's getting a little cold here maybe I will move to Florida 😅
What I do with paper when it get static electricity have to fan them out and get the static out of them
Freezing in FL Bill.
humm like i always say gold backs good for , transaction, security, art and community, Collecting but its never for weight .. its all about your planned use and end goals ... sure old realm/junk coins can do the same but are less secure and easy to be faked messed with and devalued so depended how the person across the counter measures things you could win or lose or there if there tools work the gold backs are just easy and uniform and yes your paying a bit more for the securities and manufacturing but people pay it on every thing its the scaling that's different but the end of the day on gbs you get it back or more even more so if you dollar cost average .. and then top it off with a community boom you got a no brain winner
If your plan is to get melt value then the Goldback isn't for you.
@@soundmoneyguy5949 yep sad but true its not good for weight and i am clear on that 100% maybe one day but time will tell
@@soundmoneyguy5949 yep for weight they stink hands down
@@soundmoneyguy5949 sad but true its not good for weight but for everything elts its good as gold
I don't live in a goldbacks state, and I don't travel or do business in any.
It's not so much a matter of states. It's not legal tender anywhere in the same was as USD. I think there's four states or so that will let you pay taxes with goldbacks within their jurisdiction. Beyond that, so far as I know, nobody is compelled to accept them. To the degree they actually circulate, it's mostly among the community of goldback enthusiasts, some of who happen to own small businesses.
It's actual use in commerce is likely to remain limited because they're not capable of functioning in the full "life cycle" of money right now. You can find some retailers who will sell you goods in exchange for them, but for the most part they cannot pass them up the chain to pay their taxes, their vendors, employees, or bank them.
🕯️"For thou wilt light my candle: the LORD my God will enlighten my darkness." Psalms 18:28 KJV🕯️
The exchange rate is essentailly a numismatic premium.
Not really. It costs money to split an ounce of gold into two thousand pieces.
@@soundmoneyguy5949 Which is why it's not a good idea. Ten years ago or so I was trained on the use of an atomic force microscope. It's tedious work, but I could pick up and put down and sell you one gold atom at a time if you wanted. But there's no good reason to do so.
For all the hassle of making a one-thousandth ounce piece of gold, I can use two or three silver mercury dimes to transmit or store the same value. And nearly all that value will remain intrinsic rather than premium.
I like my fractional gold. It's real and can be authenticated. Small sub culture group of people will buy gold backs. $100 Bill is money every where. Don't waste your money.
so your $100 bill is good in the middle of the jungle where people have no trust or reason to accept it over there local bills
@WhiteRaven12773 better than a goldback. Sort of a ridiculous example. A Bic lighters would be useful in the situation you suggest. Go ahead buy some goldbacks for the bush
Over inflated merchandise!
50% premium...aahhhhhhh no thanks !
You missed the info about the premiums too. 10-4
100%.
Free $15 on me off your first purchase on Whatnot (can be used anywhere on the app)
whatnot.com/invite/spegtacular
Sell on Whatnot and get $150 cash match for your first 7 days! Use the SAME link as above!
#whatnotpartner
I didnt know people actually bought these.
They are pretty and I'm interested in them as collectibles but my main concern is the liquidity. Where do I exchange these? Who would honor the exchange rate? And if I brought them to a i.e., grocery store would they honor the face value or the face value x exchange rate? Don't get me wrong these look amazing but I'm still pretty sceptical. You still may see me at WhatNot. Cheers, thanks for the great video.
It's a pretty limited number of places that take them. Utah seems to have the most of them.
I didn't know you had a shop?
Anyway, I would only buy them to put in my collection.
Enjoyed the video.
I do!
I didn't know you had a shop?
Anyway, I would only buy them to put in my collection.
Enjoyed the video.
I do!!
I didn't know you had a shop?
Anyway, I would only buy them to put in my collection.
Enjoyed the video.
I do!...
I didn't know you had a shop?
Anyway, I would only buy them to put in my collection.
Enjoyed the video.
I do!..............
I didn't know you had a shop?
Anyway, I would only buy them to put in my collection.
Enjoyed the video.
I do!..................................................................
@Spegtacular 😀👍