Debunking Myths about GoldBacks - The PERFECT way to stockpile GOLD
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- Опубликовано: 18 окт 2024
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There are myths about GoldBacks floating around social media. This video will show that GoldBacks are the Perfect means to stockpile and trade gold.
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I think the idea of Goldbacks is pretty awesome. Hope they become widely used/popular and accepted at many businesses all across the country
Get a few and offer them during transactions. Make it happ'n Capt'n. I do it all the time. The more we use them, the more acceptance they'll have. Sure, stack a few, I do. But spend some. Only two months ago I was buying them at $4.50. Today, I paid $4.98 - about 10% more in 60 days. Tomorrow...?
I bought some a while back and I am glad you are addressing this thank you
Gold is Gold i have US Goldbacks here in the Uk......
What do you do with them?.
Great video. Ive been comparing them as a sports car to a Datsun.
I've used Goldbacks in 9 states now.
That's great! 9 States!
@@GoshenPreppingwhich states?
@@courageoustruthpodcast8836 The State of Dylan, Dylan, Dylan,Dylan,Dylan,Dylan,Dylan,Dylan, and DYOR
I've seen people like Mike Adams and others melt them down and purify the gold and it weighs out slightly higher than it should. The representative said they wanted to make sure nobody thought they were getting shorted
I saw that video, too.
Why purify theyre already 24k
@@kayllenstarships9009 they were melting down the plastic to extract the pure gold from the plastic
Thank you for sharing. I bought some of these a few years back, and I just love them. I stack silver, but this is a realistic way to stack gold when it seems unattainable. 🙏🏽❤
Very good and thorough video! I'm a Media Producer at Goldback, Inc. and this was very enjoyable for me to watch.
Have been getting Goldbacks for a while. Will be getting more! Goldbacks are back!
Are back they never went anywhere. I’m stocking some every month.
The weight of goldbacks vs the weight of coins makes goldbacks more portable.
This was a very good video for dispelling the myths around Goldbacks. Kudos. I have 'em, I spend 'em, I keep some in the stack. BTW, I spend the NH ones in MA often and have no trouble doing so. People love gold. When you offer it to them, most accept quickly. All the ones I've spent I've made money on. GB's are truly barterable gold and the only format that's ideally suited for it.
Awesome video! I love Goldbacks!
Great video 👍
Thanks to your good information on this type of future "possible" currency value, I purchased a little for each of my children to educate them on the idea. Hopefully they will do their own research and decide to invest in more. I know I will 😉👍
There is a U2B video where a gentleman melts down gold backs, the quantity of an ounce worth.
The refined gold weighed an ounce.
Gold backs or natural gold nuggets or both ? Enjoyed the show , thank you ! ✌️🇺🇲
I stack Goldbacks. I just bought my sons first car with Goldbacks.
He’ll yeah
Congratulations
Very cool
That's cool!
That's awesome!!!
I think gold backs are more of a novelty, not nearly enough people are going to own them because the markup is so high on them
Yeah, something to give your grandkids at Christmas to get them interested in stacking.
They aren’t high if it’s gold. Gold never loses its value. Gold will skyrocket soon especially now that we are on the brink of a Cold War with China and a war with China. If we go into a depression this is going to be the money to use. No one will be looking at the US dollar
They aren’t high if it’s gold. Gold never loses its value. Gold will skyrocket soon especially now that we are on the brink of a Cold War with China and a war with China. If we go into a depression this is going to be the money to use. No one will be looking at the US dollar
Disagree completely. Bought many, spending them at a profit now. Will be restocking them even at today's higher prices.
The gold backs value is in its metal content & utility.
Great video!
With alpine gold I've exchanged Goldbacks with ease.
Check out the leasing you can do with them too. You can collect extra goldbacks in interest making a passive income with them
thank you for that information.
Please make sure you all have food and water and a means to grow some food or to can or preserve. More important the precious metals
Agree
It's all about a "well rounded" prepping kit. You would need barter material in the event of blight or infestation of your crops for one season. Not saying "goldbacks" are the answer, but some sort of precious metal for bartering on a "local/tribal" economy would be prudent.
@@110MAN1 sorry but with a finite supply of money I would rather load up on more keystone beef and pork. 3 freezers already full and currently digging a root cellar.
The more we stock up the fewer interactions we have with people. We live very far out, 30 miles outside of a town of only 1100. Off grid. Barter is going to be done with a select few and they already know who they are.
I might buy a few of these for it's collectible aspect because they're beautiful, but I wouldn't buy them for use as currency. Yet. Show me a video where you walk into a shop and they accept them as payment. Show me a video of walking into any coin shop and they give you what you paid for them. Just stack silver or gold if you're seeking a hedge against inflation or as barter currency if the SHTF.
best thing ever
No, a Goldback does not contain exactly the amount of gold stated on the Goldback - it contains MORE! That's right, it contains slightly more because it would be bad for business to have less - that's the power of privately issued non-government money - Goldback's reputation is on the line and they uphold it! Thanks Goldback!!
I've got a starter stack right here, 5 for each state. I'll be making this a good chunk of my portfolio. My state is Maine, I'm from Michigan originally. Maine allows for Gold Bullion and Coin to be used as legal Tender, just GoldBacks have not been explicitly stated. Can they be considered Bullion? Technically 3 dimensionally, I suppose so. Coin? In a way yes. Still, I want to see Maine explicitly adopt it so Aurum makes Maine a bill too. I know you can use a Nevada bill in Utah, and a Utah bill in Wyoming, etc but it is cool to have different state bills still.
Personally I think "junk silver" and silver rounds would be a better investment but there are phony rounds as well. Most people would not only not understand what a Goldback is, let alone how to determine value.
Exactly. Premiums way too high on these gold backs
@@steevo8754 premiums 🤦♂️ u spend it not stack it dum dum
I didn’t understand at first but then I did 1 second of research to realize oh it’s a currency that has gold in it. It’s not a hard concept to explain.
“How do I know how much it’s worth?” Oh I forgot I’m in the 21st century and we have the internet to check its value. From just pressing 3 buttons and typing one word “goldback” I discovered it’s worth $6.59.
@@ThatIsDopeBro except when internet is not available
The part I'm not understanding is if the gold is $2.50 value how do you expect $5 in product value? What does the store owner do with them to acquire the $5 value? Do banks in those states accept them for the fiat dollar rate?
Got my first batch here in 🇨🇦
Goldbacks are beautiful
At the point where we are, Fiat currency being worth nothing I'd never sell back gold or silver that is worth something for something worth nothing.
I like the gold back’s.
I found the website hard to use very confusing.
When you buy these the first time from the producer, the premium alone makes it a terrible gold purchase.
Yup,you can get every bit of the gold out of them.Add a little borax,to remove the impurities.
Since when do car companies use labor for cars? I thought it was all automated?
Okay...find me a way to buy GoldBacks in Canada.
Alpine Gold Exchange online sells into Canada
I m in Ontario Canada. Where do you go to buy gold backs.
Laat time i looked into these. The premiums were way too high. Like 250% premiums. Have they come down?
That's one of the things detailed in the video
Yea. Premiums too high. I’ll stick with my silver eagles and junk silver
Ever bother to work out why you calculate premiums. 🤔 now does that apply to GB?
The goldback only works best in the states they accept them. NH is one state where you can use them for paying for things and services....they also barter well at farmers markets. It's also only a plus if you can't afford the financial hit of 1/4 ounce of gold at any point in time.
The ones are worth $5
The $5 bill worth $25...etc
I buy them for Christmas gifts for my kids and grandkids. They even got the special wallets.
It is literally what you feel you can spend and if you can use it to barter with.
Wrong my friend. I spend the NH goldbacks in MA frequently. Have no trouble doing so. I offer gold, people accept. It's that simple. I've made some profit on every one of them too. GB's are terrific.
@@jaybarr3307like I said if they accept them. I've run into some in NH that won't accept them because they don't know what they are.
Cull silver coins sell at or below spot price. They are the best investment. Get .9999 pure if you can.
How does anyone know they can't be counterfeited? They sure look like something that could be counterfeited.
I love the “idea” of them. I truly do. But I struggle to envision a scenario where they would be both necessary and practical at the same time.
The timeline of events would have to unfold rapidly, and if so, a short window of opportunity could open for their use and acceptance.
But, as preppers, you would have to strike while the iron was hot. Use them immediately. Don’t wait until you have so depleted your own supplies that you actually “need” to use them. By then, the only other people with surplus supplies left to offer will be other preppers. And it’s hard to tell just how few and far between they might be by then. Possibly spread out over distances you cannot easily traverse.
Imagine trying to barter by radio. The stars and planets would have to align perfectly.
Imagine the odds of there being a person that just happens to have what you need…just happens to be willing to part with it…just happens to accept gold backs…just happens to be within bartering distance…and just happens to be listening on the radio frequencies you are checking.
People don’t stop to realize just what a minor miracle that would be. Practically unimaginable. A fantasy concocted by a predatory preparedness industry.
But yet, that’s what so many of us plan to do…simply because we never actually thought it through. We just heard a thousand other preppers and RUclipsrs say it and blindly accepted such an absurdly implausible notion.
Excellent comment
I guess I'm living a miracle since I've been able to spend these all over southern NH and northern MA without effort. I've offered GB's about twenty times and got an enthusiastic acceptance all but one time. This is the first barterable gold out there. Even a 1/10th ounce will be too much for most transactions.
Speaking of melting down or whatever to extract the gold from the goldbacks……I heard once that TRB Trump bucks ( I guess turned out to be a scam) but someone said they have gold in them. Anyone know??
I think if there was a scam with Trump's name associated with it, the media would be all over it.
Which one of these Goldbacks, are the Most sought after?
This is the future of money.
Wake up people the Dollar is DEAD.
Gold is the only way.
great
how about Minnesota Eric?
Premiums are way too high.
The only issue as far as I'm concerned with what you said is that if you pay $5 for a goldback for example and you try to sell it for the same $5, that's not necessarily true for what I've seen. For what I've seen some dealers and businesses would take it for less than the $5 "exchange rate" which is suggested btw, some may take it for $4 or whatever. So maybe once the price it gets more stable and leveled and as close to the suggested exhange rate as possible if not at that price it would more appealing in my opinion. Btw, I have 101 goldbacks so I like them and awating to what's going to happen with the market for goldbacks but I also buy gold and silver coins and bars which are a total different investment in my opinion.
101 goldbacks?which denominations?
@@kayllenstarships9009 denomination of 1.
@@kayllenstarships9009 Just 1 goldback denomination but from two states.
You are wrong. It is a premium over spot. You can bring out your entire Hot Wheels collection and it's still going to be a premium over spot.
I bought $20 dollars worth for collecting. Took them to my gold dealer, a second generation business, to see if he would purchase them. NO! He would not buy them at ANY price! If my gold dealer will not buy a gold back then they must not be valuable as gold...only fiat currency as the gold is not worth sending to a smelter. If you cannot buy gold with a gold back then it must not be worth the value of gold...Nice work of art though!
If you buy 💯 gold, the gold dealers buy it back 25 % lease then that price you got it before,
For a certain amount of time. Once gold appreciates in value they will pay more then what you purchased for
Yes, you can't eat gold, but you can eat what it buys
Just another currency, like the federal reserve note, with a made up value if you're not tying it to the commodities market. The only thing this has going for it is the miniscule amount of gold in it and it's shiny. The issue is you can't test these on a sigma, nor do an acid test, you obviously can't do a ping test like you can a coin, and weight alone isn't going to prove that there's a certain amount of gold in it. So arbitrary value it is I suppose and trust that it actually has gold in it?
Every lot they produce is tested by a third party assayer. The fifty GB note is not a miniscule amt.
@@jaybarr3307 there is no difference between goldbacks and dollar bills. A paper $20 bill is only paper with an arbitrary value attached that someone else says it’s worth. Holdbacks also have an arbitrary value attached, approximately 2x the melt value of the gold in it. The 50 holdback has 1/20th of an ounce of gold in it, which is roughly worth $125 melt value, but the 50 gold back sells for more than double that? Might as well just have paper dollars or just fractional gold instead.
A Gold CombiBar might be better than Goldbacks, but face it, Gold is for holding wealth not really bartering, try and barter too soon and you will end up probably dead or at least robbed. Goldbacks cost more than usual for the weight so are not a good purchase. First you should have all the prepping supplies anyway.
Where do you get goldbacks?
Purchase your GoldBacks through Alpine Gold - Sign up for Free
alpinegold.com/purchase/ref/GoshenPrepping/
@@GoshenPrepping defy the grid is cheaper.
Goldbacks carry CRAZY high premiums...over twice spot price.
Apparently you didn't watch the video...
@@GoshenPreppingI watched your entire video, and followed your link. They are being sold for twice the spot price. At least they are artistic, probably counterfeit proof, and small denominations. But, definitely not a good deal.
For people that aren't experts in detecting fake gold coins n bars how would you trade with them? @fin59shaw
@@fin59shaw Dunning Kruger sufferer
CRAZY you didn't watch or understand the video but felt confident enough to comment
😊
When you buy your goldback what are you bartering with? The Federal Reserve Note. Every place takes it. Not every place takes your goldback!
That's true. For now.
The premium is too high for small denominations
Then don’t calculate the premium. Spend them at exchange, don’t stack them for melt
What kind of premium would be more reasonable for you. Not 1 business can sell their product for cost.They have to cover their expenses as well.
But for $1 gold back, it was a bit over $3 for engineering....
Thanks , I’ll stick to buying two one oz gold eagles a month.
If you can afford to buy 2 1-ounce gold eagles a month, you probably don't need to worry about money anyway...But, if you ever have to buy food with that gold, you'll find out really quickly how that food will suddenly be worth an ounce of gold. Mainly because they won't have change for you. Investing in gold is great; spending that investment for food is foolhardy. Just my opinion. I buy many different investments just to diversify.
keep bragging on youtube too
The premiums are ridiculous another scam
lol, 😂 fail. U don’t even understand premiums
The premiums on my car are so high. Instead of selling it for melt, I'll sell it as a car.
Some folks are not going to understand.