How Easy is it to Counterfeit a Goldback?
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- Опубликовано: 7 сен 2024
- Counterfeit gold and silver coins are made everyday in China and present a huge problem to precious metals holders. Watch Adam Trexler, President of Valaurum, explain some of the anti-counterfeiting measures incorporated in to the Goldback.
Crushed the like button! I am so fascinated with Gold Backs!
The one dislike is probably some FED goon lol XD
You need to do a closer magnified view of what you're talking about regarding security features.
We need a simple way of testing a gold back. People use markers on currency, or a scan machine.
Yeah currency is made up of cloth and dreams, this is made out of real gold. Leave it in lime for an hour and you’ll see if it’s real.
@@guillermogutierrez-santana4446 Prove, non-destructively, to your liquor store clerk, that a given GB contains the amount of gold claimed, and that it is real gold. (I've held singles up to a strong lamp, a Cree "Exceptional" 90+ CRI 1470 lumen/100W equivalent 5000K Daylight LED--a tungsten/halogen would have been better, but I couldn't find one); and observed a little greenish blue light shining through, the exact spectrum is peculiar to gold films. A tenner was opaque to my lamp, so the technique needs work. Perhaps xrays or gamma radiation would be better. How cheaply and easy to use can an appropriate checkout stand instrument be made?
Also, how much gas can a GB fiver buy, right this minute? Does your gas attendant know the current spot price of gold, or how much GBs are trading for?
Agreed, though, that GBs are self-proving, even by casual examination, in a way that paper fiat currency doesn't even dream of, and which is likely anathema to the federal government.
Familiarity with GBs is probably the best test we can offer--although I sure wish the plastic used had as distinctive a feel as the paper in a one dollar bill.
I have 180 GB and I anticipate adding a lot more to the pile. I am all but certain that our fiat currency is in for some very, very rough times and damn few people are looking at what they're going to do when the $5000 they have in the bank is suddenly worth $500. We keep talking about metal value in terms of dollars. As though gold is worth dollars. We have it backward. We should be asking how much metal you can get for that piece of paper -- like we used to. Goldbacks take the fiat shenanigans out of currency.
lololololol
How to counterfeit a goldback:
Step #1: Blow up a neutron star....
😂🤣😂🤣😂🤣😂
Need these in New Zealand
I love these, Indiana needs these, i think the state would be happy to go with these along with the other states
We have multiple states in various stages of production. If you would like to see what you can do to see your state on a goldback, visit goldback.com/sponsor-new-goldback-series.
I just bought a bunch!!!!
I love it, this is the world currency. This has huge potential. Only one thing, maybe why not make foil notes in grams, which is used globally instead of ounces? For instance you could make 1 gram, 5 grams, 10 grams gold or silver foil notes.
Troy ounce has been a globally recognized measure for PM for centuries.
@@HiroNguy And yet most consumers couldn't tell you the difference between ounces and troy ounces. A Funny: which weighs more, a pound of feathers, or a pound of gold? The naive response, confusing weight with density, is a pound of gold. The slightly more sophisticated response is, a pound is a pound, they're the same. But in fact an Imperial pound of feathers weighs more than a troy pound of gold. But most people think they have at least a fuzzy idea of what a gram is, and it's easier to buy a gram balance at your local Target than a troy ounce balance.
Look up Goldback. Then Git Sommmmme!
@@50srefugee Reminds me of an anecdote an engineering professor told us. A student was told he should use English units for his exam answers so he put his results in terms of furlongs, fortnights, and stones.
@@HiroNguy And see Donald Knuth's potrzebie system in that most respected of journals, Mad Magazine. In that system, a blintz is about 1.17 troy oz.
its definately possible to fake but as he says youd need the rigt technology to do it the same way but there must be a cheap way to replicate the look and feel this is what concerns me we cant test the gold inside the laminations alot of things are gold coloured im sure theirs are gold but if you can laminate a copy that looks convincing.......with out a way to test reliably i cant trust it
Awesome Company. Thanks
How about you redo with closeup of the note and better quality?
Is it three nines fine? Can you tear it? Does it have serial numbers on it, where minted, things like that? If so what. Thanks for taking your time to read and respond. Merry Christmas everyone.
They're not gonna tear, these are very tough but I can't speak for the rest of your questions unfortunately
Alright I've come back because I actually own a Utah Goldback now, it is at least 99.9% gold, it has built in security strips and other security measures similar to US currency and more and it does have a unique serial number
Money is physically frangible, unlike Federal Reserve Wipes. Au is still Au no matter how many pieces it's in. Quantity can be measured with a fine scale. Authentication can be by XRF or other means.
See my comment above 😁
Braden Pinney FYI, 99.9% gold is called 24k.
Sound quality isn't very good (0:12)...
They spent millions on the machines to make goldbacks, and now they can't afford quality microphones. lol
Can i verify the purity with some sort of detector? Perhaps thermal and electrical conductance might help?
Fiat was never good enough for the ferengis either. They went with gold pressed latinum.
But in "Balance of Power" Wesley Crusher's roomate invents a GPL counterfeit making machine. The story progresses with hilarious results.
I think they should make a small bar of the pure gold and build it in the plastic sheet, like the karatbar sheets so it's easyer to produce and the gold can be easyer recycled 🤔
Also plastic sheets coated in gold will probably rub off like on other things it does.
Although it looks nice this sheets of gold plated money 🖖👍
The plastic is very tough. It's polyester, something like mylar.
@@50srefugee the gold rubs off with time.
@@WaschyNumber1 The gold is laminated between two layers of polyester, which protect the gold from rubbing. No gold is exposed. I've seriously abused these things, and I see no evidence the polyester wears away enough to expose the gold. Even if the polyester cracks along a crease, water cannot infiltrate the layers. Creasing and cracking is a problem--wear not so much. A paper dollar bill is nowhere near as rugged.
WaschyNumber1 Only on gold plated items, this is because they’re two atoms thick on whatever they’re plated on.
The reason we don't do it like a karat-bar is because of something called the small coin problem. It has been an issue with gold since it was first used as money. In coin or bar form it is too valuable for every day purchases. In the passed this was solved by introducing silver and bronze coins into the system. This ultimately fails because the raw price of these metals change independent of each other.
Goldback is looking to solve that using a single metal system. Our smallest product is 1/1000 of a troy ounce which currently sells for around $4. This is small enough for everyday purchases. The reason we do it in this form is because if it was in a small lump, it would be about two flakes of gold. I would suggest checking out our video on how much gold is in a Goldback: ruclips.net/video/IG9eO0uW7Oo/видео.html
If your Goldback is falling apart, send it in to Alpine Gold so they can exchange it for a new one and we can figure out why your unit is defective. Make sure to do this before any loss of gold so we can still use it to make a new one.
Thank you.
Pls 1080p in 2019/2020
Can you make them using platinum, iridium, osmium, ruthenium, rhenium, palladium?
Or maybe Candeezn backs
Good question. While theoretically we could do this with all sorts of metals, the reason we are sticking to gold is to make a strong single metal system. While Goldbacks are pretty, their main utility is as a currency. So making these with more metals will weaken the system as a whole. If we were to do this it would be as a collectors item.
@@GoldbackInc I don't think they would weaken the system , the different elements should be separate systems
@@God0fTime They would weaken the system if they are put into the same system. When we make new Goldback series it is put into the same system. Creating a new system for every metal would take time and effort that we could be putting into Goldbacks. So if we did do that it would be a collectors item.
@@God0fTime Goldback isn't unlimited. Which also makes it worth more besides the fact it is real gold. The dollar could be printed as much as the Government wants but it isn't backed up by anything.
You will need millions of dollars for this technology.... yeah like the counterfeit black market doesn't generate this millions...😒
...and engineering knowhow which you can't even find if you want. The second part of that sentence should not be left out. The process Valaurum uses to make Aurum took years of research and development to create. From there it took even more time to refine the process to the point of where it could make the one thin enough to hold 1/1000th of a TOZ and the 50 smaller than a sheet of paper.
Only thing I don't like is there kinda flimsy. Mine curl when I take them out of the slip. Not sure how they have these nice flat versions in the videos.
We have found that the 1 and the 25 are the curliest out of all the denominations. Correcting the 1 is easy. Put it in a normal folding wallet for about thirty minutes and it will come out uncurled. For he 25 we have not found a way to reliably get the curl out.
Wow, that's not my experience at all.
I love the idea but I am concerned that China 🇨🇳 will produce fake Goldbacks
That is why I ask
How do I test the authenticity of Goldbacks
Does the gold slowly wear off due to wear and tear?
Supposed to be protected by plastic on both sides.
As noted, the plastic protects the gold from wear. However, if you crease the GB, the gold tears inside the plastic, letting light shine through it. And unlike paper currency, creases are permanent.
50srefugee Creases are permanent in USD too. Only European/Canadian Monopoly money can escape creasing.
@@guillermogutierrez-santana4446 The creases in paper money are far less bothersome than those in goldbacks. It's not hard to reflatten paper money by, say, running a bill back and forth over a sharp table edge. The creasing that's left is almost microscopic; the main effect is that the bill loses its crispness. A crumpled goldback will never go back to being even remotely flat, and the plastic retains its crispness. After a week in my wallet, my test specimen is still not just creased, but crumpled-looking. The printing is almost unreadable, because the creases make it impossible to light the bill evenly.Finally, there is nothing like the internal cracking of the gold film you can easily observe by holding a creased goldback up to the light,
(I tested a goldback by stuffing it into a chunk of 3/4 PVC pipe, and crushing it with a 3/4 wooden dowel. This is a crude version of a test the U.S. Mint subjects its bills to. Running a GB through the wash, several times, with towels, detergent, and bleach in hot water, followed by drying, was not nearly as damaging.)
None of this should be taken as criticism of the goldback concept. I like them and stack them. But no surprise, this initial rollout of a new technology is not without flaws, which must be addressed to achieve widespread market acceptance.
50srefugee not creasing the bills in the first place is the only current solution, they make specific leather wallets that can fit the gold backs properly. I hope in the future they are able to make the bills even more durable.
I love it
I ordered some
N loving it
I really wish we could see the machine laying out the gold particles on the plastic sheet...i know its a secret but i have a golden ticket Mr. Wonka!
Is it the same concept as a 3D printer?
Use some of that gold to but a 1080p camera and a better microphone. 🤣
Is that a challenge?
Terrible audio quality :(
Can I exchange it for peso?
Lol, why?
I can't buy this in the UK 😔
ebay has a few i saw 10 for £46 but lower gold content,the $50 has 1/10 of gold content if im correct and they are around £70
tazandsaz11 That’s very fake, a 50 gold back is worth $160 before retailer premium which the ebay guys already paid. No way a 5 goldback would only be worth 70 pound sterling.
@@guillermogutierrez-santana4446 ebay has 10 1 goldbacks for £46 1 is the cheapest then I go onto explain that the 50 is the dearest in pounds
Likeeeee
Can you keep it in your wallet?
They sell goldback wallets just for these.
You actually can! Our creative director found that since they are metal inside, they will hold a bend if folded into a wallet over time. However, if you bend them back the other way for a few minutes, they come out flat again. This is his favorite thing to do when giving one as a tip.
Have to use less uhhh's
Fold it. If its cash I want to see you crumple it and then fold it into your wallet. If not then they should at least date it so it has collector value.
I've stuffed a GB single into a 3/4" PVC pipe, and crushed it with a wooden dowel. It permanently creases, and the gold film inside the laminate cracks and tears into a kind of gold lace. (Though no gold is lost.) The creases cannot be flattened out, and the inked design becomes illegible on casual inspection. The design embossed on the reverse of the gold itself is ruined.
There’s videos on RUclips of people folding their goldbacks and putting them in washer.
They are dated
Make friends with GB guy. Trust is valuable. 2023 goal is to buy 30 GBs min each month. Stack them and put it away. Make and stick to a budget. Cut down on your beer or the next purchase of your Menudo music. You can do this.
ugh, this makes me so sad. You're getting fleeced, this is _not_ a good investment.
I don't think so.