I've just started looking into these and have convinced a couple of friends to purchase some as well. I would love to see Michigan become a Goldback state
@@GoldbackInc Why do they all look Chinese? Let's Americanise these a bit more. Great idea but the whole China meme turns me off. Just name them commiebacks. I'll buy the first one with Andrew Jackson on it. I want issue #1.. thanks .
What isn't being said is that Goldbacks can be used for barter anywhere. Great video! For decades the closest thing to a Goldback for barter was a silver dime.
I would prefer the Roosevelt dime over the mercs, because there is less loss of silver content from wear. But I believe that people can easily learn that the silver content of the dimes changed after 1964. The internet has made it very easy for people to verify this fact.
I prefer a stack of Roosevelt dimes, plus a few Mercs. I figure that anyone who understands junk silver would accept either one, while those who don’t know about 90% would see either as just a dime. Also,, I want one of those wallets stuffed full of Goldbacks.
@@streetsoftartaria Jealous? YES, im super jealous :) . I wish i could use people that trust me for my own personal gain, sadly i have pesky morals that get it the way. Did you see that stack of Goldbacks? Who wouldnt want that?
I live in Florida and I purchased some out of state goldbacks. I know eventually Florida will be on the same page as everyone else.. as far as silver goes , I stack it all , krugerrands , silver eagles , britannias , buffalos & 90% silver too. At the end of the day any amount of silver will add up fast. I started stacking last month and so far I’m at 29 ounces. Picked up 2 britannias on Monday and 6 more today and found another kruggerand. 7 ounces in a days is my new record, plus I added 10 more 90% dimes. ..
So far they seem to be high premiums thou can't find any for less then 5.30 or so and when spending at merchants best I've figured out is you get around 3 dollers and some change out of them is this correct
I do have concerns over a exchange rate that's set by the manufacturer of the product. You can literally change the exchange rate on their website to whatever you value 1 goldback at. Also a lot of coin shops have never heard of these. I do have an interest in the product, and I love silver-dragon's vids. Goldbacks are a great product, and I'll probably buy some just to play it safe, but I won't be buying a ton.
I’m pretty sure the rate is set at gold spot + the cost of manufacture on the single goldback. Think about it - Ten - 1/10th oz coins have the same amount of gold as a single 1 oz coin. The 10 coins will cost you $2,364.50 and the single coin - $2,032. That’s a 14% surcharge for 10 minted coins instead of one! It obviously costs more to make 10 coins instead of one which I’m sure you have accepted. With the goldback - your getting 1000 individual serial numbered gold filled bills with the same amount of gold as a single 1 oz coin! If the bills were coins and there was a 14% surcharge per 10 coins minted you would gladly 🤣 be paying 1400% for 1,000 1/1000th oz gold coins! Goldback has found a way to do this with a nominal surcharge for the quantity of gold filled bills your getting. 🍻
@@streetsoftartaria Good points. Buying in smaller quantities always yields higher costs. Hopefully these things really pick up. I think the product is absolutely stunning and genius overall.
Goldbacks win in this case. But one advantage of the dimes is that, in a fire, the dimes would still survive. The goldbacks would melt, leaving only the gold behind. If the goldback was trading at say, $4 each, and the spot price of gold were around $2K per troy oz, you'd be left with $2 worth of gold rather than the $4 trading price.
Probably gofundme? Missouri needs a quarter million lease to get the ball rolling. Looking at just shy of a million dollars, if I'm understanding that correctly.
On junk silver coins, for really slick ones, I've always found I can tell them by the sound and the feel. About how reliable would everybody say this is in evaluating their legitimacy?
SILVER COINS like 5, 10 and 25 Cents don't exist on CIRCULATION ANYMORE they use to be in the 50 thru the 90's but all the banks took them out. If you want a SILVER QUARTER, they range from 2,50 to 4,00$ each. depending where you find them. I know where to buy a whole bucket of them but that would cost me for 1000 quarters: 2,500,00$
But the mercury dimes don't weigh their full amount because they're old and worn. Some mercs weigh less than half their proper weight. Lost silver means less value. I will weigh all junk silver before making any exchange
There are a few problems with this idea that the GSR must return to a "natural" ratio equal to the production ratio of mines, but it may hold in a severe crisis. First, every real follower of Austrian economics knows that value is subjective (see Ludwig von Mises' book Money and Credit), and these subjective values lead to objective exchange prices as an aggregate of transactions where each transactor gains value -- if value was "objective" or "intrinsic", then no exchanges would ever take place as they would be objectively/intrinsically pointless. Second, the mechanics of monetary competition are subject to the Pareto distribution: it is not exactly a winner-take-all scenario, but it is a winner-takes-most scenario, and anyone on the wrong side of the store-of-value competition will lose value in the sense of objective exchange prices, which will then lead to a loss in value in the subjective sense. It is my current belief that the store-of-value and medium-of-exchange functions have intransigently diverged (this process began back on the gold standard when stock and bond ownership became widespread) in the sense that the winner of the medium-of-exchange competition will not be the winner of the store-of-value function. Third, commodities with high utility demand tend to lose their monetary premium as more transactors seek to obtain it for industrial purposes, e.g. copper and steel. It is precisely the lack of high utility demand that have historically allowed gold and silver to function as money: if they were being constantly used up in industry, they could not function as a medium-of-exchange, and something else with a more stable supply would arise to usurp that role. Since commodities fulfilling the function of medium-of-exchange pick up a substantial monetary premium, the growing utilization of them in industry weakens their monetary characteristics and leads to the loss of that premium; hence, silver will inevitably lose value against gold as its utility demand outstrips its monetary demand. During a crisis, silver may briefly become more useful as a medium of exchange or store of value, but this will likely not last once the crisis is resolved due to the underlying issues from monetary mechanics. In a severe crisis, which we are likely heading toward due to profligacy in Congress and recklessness at the Fed, production will likely cease as current industry requires a more technologically advanced medium of exchange than physical bullion -- if trust in banking institutions has collapsed, then why would anyone trust a bank that says it has silver or gold to back its deposits? My guess is that gold and silver would be useful for local/in-person commerce, but Bitcoin would probably rise as the new global settlement layer since it can be permanently transported across the globe in about an hour and verified for authenticity in a second or two. (The Lightning Network can achieve medium-of-exchange functionality that currently rivals a card network, but it relies on some new security assumptions and mechanisms that need to be resolved by soft forks on the base layer. Of course, telecommunications networks might go down, in which case Bitcoin would be useless, but in that case the world is already ending, so a pocketful of Mercury dimes might not be such an advantage.) Without production, there would be no natural rate to reference anymore, and without industry, the demand characteristics for silver would return to almost the same as those of gold. However, to paraphrase Jeff Snyder, "commerce finds a way" -- some new monetary system would arise, and industry would likely shift its priorities when the fiat system crumbles, but those shifts are impossible to predict with any epistemic certainty. The ultimate conclusion is to find a balance to be prepared for any possible future.
Interesting point. If the demand for hard money goes way up, this could be a real need to keep small exchanges within reach. I wonder if that's one of the 2022 "surprises" they refer to on their website news post.
From the site, it is planned but not hammered out. My main question is what weight would they consider for their silver notes. All I can imagine are combi bars.
They come in fractions of a Troy ounce. 50’s (1/20th Troy oz) 25’s (1/40th Troy oz) 10’s (1/100th Troy oz) 5’s (1/200th Troy oz) 1’s (1/1000th..) What he said 👆🍻
Dang Silver dragon was one of the first videos i watched when i started stacking. It hurts, but i guess hes making more money this way . Should i just accept that what he says is a script from whoever is willing to pay him that day?
I don’t get why you have a problem with someone who knows a shit-ton about gold - making money pushing an absolutely fair product. Ten - 1/10th oz coins have the same amount of gold as a single 1 oz coin. The 10 coins will cost you $2,364.50 and the single coin - $2,032. That’s a 14% surcharge for 10 minted coins instead of one! It obviously costs more to make 10 coins instead of one which I’m sure you have mentally accepted. With the goldback - your getting 1000 individual serial numbered gold filled bills with the same amount of gold as a single 1 oz coin! If the bills were coins and there was a 14% surcharge per 10 coins minted you would gladly 🤣 be paying 1400% for 1,000 1/1000th oz gold coins!!!! Goldback has found a way to do this with a nominal surcharge for the QUANTITY of gold filled bills your getting. Honestly - you sound a little jealous of Goldback.. I sure as hell wish I thought of it. 🍻
@@streetsoftartaria lol, 1. I dont have problem with him pushing GB, I do have a problem with him pulling the ol infomercial "OH no how will i hold a cup AND A bowl look at him spill EVERYTHING...... Introduction the bup " sales pitch. In the same way that i stack silver, but i dont like the HSN, 100$ ASE hustle. I dont know if you work for him/ them, or what. But i think you think i have some personal thing here. I dont. I call Silver D a shill becasue thats what he does now . He used to have info, NOW its all " Buy all the silver you can , because this it the most important day in silver history. ", and "Gold back are great because of SURFACE AREA , Look at that dime roll away" REALLY? I want gold backs to work, i want Silver D to go back to the way he was. BUT im not gonna sit here pretend that GB aren't clearly flawed , in spite of ALL THAT SURFACE AREA. And im not gonna pretend that SilverD hasnt sold out, and should be taken with a BIG spoon of salt
I own goldbacks. I want to see a gold back currency grow however it has to be done. This is the only gold back currency I’m aware of. Companies have to advertise to grow. I don’t even know who he is and I don’t care..
Go to aliexpress search "gold dollar". Look at 1 page. Now how long do you think it will take them to change the image to a goldback ? Goldbacks while a great idea in principle, just doesnt work. There is no simple easily way to test gold backs. In a hypothetical SHTF situation the idea of junk silver for bartering is a matter of ease of use and relative reliability. Ive always seen slicks like a ripped dollar. I dont like it, but it still spendable. yeah if you ONLY have slicks you might be in trouble but thats not realistic. Im gonna be honest (even as a silver stacker). the idea of barter is the weakest reason to stack silver. The idea that things are so bad youre willing to trade goods for metal, but some how still good enough that you would trade your (limited) goods for metal. That just doesn't seem like a realistic place to end up. At least with silver i can carry a little bottle of acid, and scratch stone to test it
First off, Ali Express does respect trademarks and copyright. I’ve had them remove protected items myself with no problems. If your brand is on there - your not protecting your IP. The reason I own goldbacks is bc I want them to become the future currency instead of the Illuminati toilet paper we currently use - not for some doomsday bartering situation. Even when gold backed dollars were the norm - when people made runs on the bank to get their cash - the bank had none. The goldback has the gold in it making you the bank - not some stranger. So why do you own slicks? As an investment? Has your investment in slicks gone up 50% in value in the last 18 months? My investment in Goldbacks has.. 🍻
@@streetsoftartaria lol. Wow so angry, take a second a read the comment .I think you missed the point. My point is counterfeiters (who dont care about IP) can and will make fake GB, and when they do (which they will THE SECOND it takes off in any meaningful way) you will be holding about 10$ worth of gold (maybe depending on where you got them.) AGAIN I have nothing against GB "Goldbacks while a great idea in principle, just doesnt work. There is no simple easily way to test gold backs.". There is NOTHING on them that cant be EASILY counterfeited. You might trust that you ordered directly from Goldback INC, do you trust the guy giving you change did the same? Thats all it takes. A small group of people spending fake GB mixing into the system, and then what? It gets out that there was a fake in circulation. What do they do? "Fakes have 3 circles here" Great the counterfeiter now know what to fix . "We will buy back fake goldbacks" Great counterfeiters can send them in and get paid. Doesn't stop them from spending them" And what do YOU do when you walk out of the store with your change in GB? Spend every weekend going to a coin shop and asking them to check your stack with their XRF (which isnt a very common machine from my understanding ). Your mistaking critic , with insulting. I also would LOVE to see this be the future of currency (i like to call it Fiat +), but that doesnt mean WE should bury our head in the sand , and ignore the CLEAR problems. F that, make it better so we can ALL use it. To many people come her and talk about how much they love GB.....and cant wait to spend it. If you cant spend it today in a safe easy way it isnt going to be useful enough to do the job WE need it to.
@@user-yf4gx4rf8h sorry I wasn’t trying to be offensive. Friendly debate is all I intended. Your position seemed to me to be that you think goldback is a bad idea to purchase at this time. Time will tell if your right about counterfeiting. A goldback is going to be harder to counterfeit than a coin. That’s for sure. And much harder than a paper bill. The technology/equipment used to make a goldback is way more costly/advanced than printers or mints. I personally believe as the company grows and there’s more circulation - that since the real goldback is filled with real gold - that effective solutions will be developed to detect bills filled with gold vs without gold. Cost effective X-ray tech etc and as far as spending goldbacks - there are hundreds of companies taking them and I’ve watched that list grow exponentially over the past 18 months. There are hundreds of companies that accept them from car dealerships to ace hardware in my area. I’m excited for the first grocery store chain to get on board.
@@user-yf4gx4rf8h If Goldbacks can be easily faked as you claim then prove it. I would think the equipment required to make a Goldback either fake or real would cost in the millions of dollars where the equipment required to stamp out gold eagles fake or real using dies would be in the thousands. Not to mention the size of the equipment would make it less mobile and more permanently placed and easier to get caught which is a huge liability. You do need gold to make fake gold eagles even though its just a thin plating correct? If that is true you would need gold to make fake Goldbacks where the gold printing is already extremely thin on the real ones and the real ones can be tested for purity. I just don't see how it could be cost effective to get all the equipment just to make fake Goldbacks that I think would be cost prohibitive when you can just make dies and stamp out fake coins. I'm not trying to be insulting, I just would like to see you back up your claim.
@@kivie13 That's a good point. The detail of the design, and the complexity and expense of the technology that goes into making a goldback is exactly what should make them hard to counterfeit. If we are concerned about counterfeiting, then paper notes and metal are certainly not immune to that concern. Well, life is tough, and nothing's perfect.
I've just started looking into these and have convinced a couple of friends to purchase some as well. I would love to see Michigan become a Goldback state
I'm a michigan guy too. I'd like to see a Michigan AMERICAS HIGH 5 note to be our first design
Thanks for the support! Our goal is to do all 50 states.
@@GoldbackInc Why do they all look Chinese? Let's Americanise these a bit more. Great idea but the whole China meme turns me off. Just name them commiebacks. I'll buy the first one with Andrew Jackson on it. I want issue #1.. thanks .
@@GoldbackInc What laws need to be present for a state to legally have their own goldback?
Me too! I'm thinking of purchasing some
What isn't being said is that Goldbacks can be used for barter anywhere. Great video! For decades the closest thing to a Goldback for barter was a silver dime.
Yes they can, thank you!
I would prefer the Roosevelt dime over the mercs, because there is less loss of silver content from wear.
But I believe that people can easily learn that the silver content of the dimes changed after 1964. The internet has made it very easy for people to verify this fact.
I prefer a stack of Roosevelt dimes, plus a few Mercs. I figure that anyone who understands junk silver would accept either one, while those who don’t know about 90% would see either as just a dime.
Also,, I want one of those wallets stuffed full of Goldbacks.
All you have to do is sell out to Goldback Inc inc like SiverD, and you too can have a fat stack of gold backs (and a check from them)
@@user-yf4gx4rf8h jealous much? 🤣
@@streetsoftartaria Jealous? YES, im super jealous :) . I wish i could use people that trust me for my own personal gain, sadly i have pesky morals that get it the way.
Did you see that stack of Goldbacks? Who wouldnt want that?
Everyone should own some goldbacks as an insurance policy.
Or just but gold.
I absolutely love dimes❤️
I live in Florida and I purchased some out of state goldbacks. I know eventually Florida will be on the same page as everyone else.. as far as silver goes , I stack it all , krugerrands , silver eagles , britannias , buffalos & 90% silver too. At the end of the day any amount of silver will add up fast. I started stacking last month and so far I’m at 29 ounces. Picked up 2 britannias on Monday and 6 more today and found another kruggerand. 7 ounces in a days is my new record, plus I added 10 more 90% dimes. ..
So far they seem to be high premiums thou can't find any for less then 5.30 or so and when spending at merchants best I've figured out is you get around 3 dollers and some change out of them is this correct
Great video once again
I do have concerns over a exchange rate that's set by the manufacturer of the product. You can literally change the exchange rate on their website to whatever you value 1 goldback at. Also a lot of coin shops have never heard of these. I do have an interest in the product, and I love silver-dragon's vids. Goldbacks are a great product, and I'll probably buy some just to play it safe, but I won't be buying a ton.
I’m pretty sure the rate is set at gold spot + the cost of manufacture on the single goldback. Think about it - Ten - 1/10th oz coins have the same amount of gold as a single 1 oz coin. The 10 coins will cost you $2,364.50 and the single coin - $2,032. That’s a 14% surcharge for 10 minted coins instead of one! It obviously costs more to make 10 coins instead of one which I’m sure you have accepted. With the goldback - your getting 1000 individual serial numbered gold filled bills with the same amount of gold as a single 1 oz coin! If the bills were coins and there was a 14% surcharge per 10 coins minted you would gladly 🤣 be paying 1400% for 1,000 1/1000th oz gold coins! Goldback has found a way to do this with a nominal surcharge for the quantity of gold filled bills your getting. 🍻
@@streetsoftartaria Good points. Buying in smaller quantities always yields higher costs. Hopefully these things really pick up. I think the product is absolutely stunning and genius overall.
so it is silver dragon i thought the voice sounded like him
I mean... Why not both!
You can just look at the edge of a dime to tell if it's clad or not...
Both are best
Goldbacks win in this case. But one advantage of the dimes is that, in a fire, the dimes would still survive. The goldbacks would melt, leaving only the gold behind. If the goldback was trading at say, $4 each, and the spot price of gold were around $2K per troy oz, you'd be left with $2 worth of gold rather than the $4 trading price.
Silver dragons out.😉😁 much love brother.
How do I get the ball rolling on Florida goldbacks??
I'm hoping Montana will get in the game!
Probably gofundme? Missouri needs a quarter million lease to get the ball rolling. Looking at just shy of a million dollars, if I'm understanding that correctly.
On junk silver coins, for really slick ones, I've always found I can tell them by the sound and the feel. About how reliable would everybody say this is in evaluating their legitimacy?
You only really has to listen to each kind jingle, just once or twice. 😁
SILVER COINS like 5, 10 and 25 Cents don't exist on CIRCULATION ANYMORE they use to be in the 50 thru the 90's but all the banks took them out. If you want a SILVER QUARTER, they range from 2,50 to 4,00$ each. depending where you find them. I know where to buy a whole bucket of them but that would cost me for 1000 quarters: 2,500,00$
But the mercury dimes don't weigh their full amount because they're old and worn. Some mercs weigh less than half their proper weight. Lost silver means less value. I will weigh all junk silver before making any exchange
He did mention this in the video...
I would think if that's the case that's how we should by them to am I correct or splitting hairs sort of speaking
one problem with goldbacks is they are actually worth too much for precise or small transactions. also, a metric system would probably be better.
There are a few problems with this idea that the GSR must return to a "natural" ratio equal to the production ratio of mines, but it may hold in a severe crisis. First, every real follower of Austrian economics knows that value is subjective (see Ludwig von Mises' book Money and Credit), and these subjective values lead to objective exchange prices as an aggregate of transactions where each transactor gains value -- if value was "objective" or "intrinsic", then no exchanges would ever take place as they would be objectively/intrinsically pointless.
Second, the mechanics of monetary competition are subject to the Pareto distribution: it is not exactly a winner-take-all scenario, but it is a winner-takes-most scenario, and anyone on the wrong side of the store-of-value competition will lose value in the sense of objective exchange prices, which will then lead to a loss in value in the subjective sense. It is my current belief that the store-of-value and medium-of-exchange functions have intransigently diverged (this process began back on the gold standard when stock and bond ownership became widespread) in the sense that the winner of the medium-of-exchange competition will not be the winner of the store-of-value function.
Third, commodities with high utility demand tend to lose their monetary premium as more transactors seek to obtain it for industrial purposes, e.g. copper and steel. It is precisely the lack of high utility demand that have historically allowed gold and silver to function as money: if they were being constantly used up in industry, they could not function as a medium-of-exchange, and something else with a more stable supply would arise to usurp that role. Since commodities fulfilling the function of medium-of-exchange pick up a substantial monetary premium, the growing utilization of them in industry weakens their monetary characteristics and leads to the loss of that premium; hence, silver will inevitably lose value against gold as its utility demand outstrips its monetary demand.
During a crisis, silver may briefly become more useful as a medium of exchange or store of value, but this will likely not last once the crisis is resolved due to the underlying issues from monetary mechanics. In a severe crisis, which we are likely heading toward due to profligacy in Congress and recklessness at the Fed, production will likely cease as current industry requires a more technologically advanced medium of exchange than physical bullion -- if trust in banking institutions has collapsed, then why would anyone trust a bank that says it has silver or gold to back its deposits? My guess is that gold and silver would be useful for local/in-person commerce, but Bitcoin would probably rise as the new global settlement layer since it can be permanently transported across the globe in about an hour and verified for authenticity in a second or two. (The Lightning Network can achieve medium-of-exchange functionality that currently rivals a card network, but it relies on some new security assumptions and mechanisms that need to be resolved by soft forks on the base layer. Of course, telecommunications networks might go down, in which case Bitcoin would be useless, but in that case the world is already ending, so a pocketful of Mercury dimes might not be such an advantage.) Without production, there would be no natural rate to reference anymore, and without industry, the demand characteristics for silver would return to almost the same as those of gold. However, to paraphrase Jeff Snyder, "commerce finds a way" -- some new monetary system would arise, and industry would likely shift its priorities when the fiat system crumbles, but those shifts are impossible to predict with any epistemic certainty. The ultimate conclusion is to find a balance to be prepared for any possible future.
How about silverbacks?
Interesting point. If the demand for hard money goes way up, this could be a real need to keep small exchanges within reach. I wonder if that's one of the 2022 "surprises" they refer to on their website news post.
From the site, it is planned but not hammered out. My main question is what weight would they consider for their silver notes. All I can imagine are combi bars.
Turn your 64’ Roosevelt on its edge and you will see silver.
Is it me or is 116.00 for 5.00 dollars work of quarters( 20). Way more than buying new 1 troy oz That means they are 5.80 a piece and dimes 2.32.
Does anyone know if 1.00 goldbacks are worth the 3.95 that they are selling for now.
Yes that's a fare price where is selling them at that price if you don't mind saying
if i purchase a 25 goldback-ho wmuch purchase can i buy with thet?is it 25 dollars equivalent?? what is the worth???
1 goldback is around $4 at this time.
How many goldbacks equal a gram?
About 35$. 10$=.01
25$= .025
They come in fractions of a Troy ounce.
50’s (1/20th Troy oz)
25’s (1/40th Troy oz)
10’s (1/100th Troy oz)
5’s (1/200th Troy oz)
1’s (1/1000th..)
What he said 👆🍻
Dang Silver dragon was one of the first videos i watched when i started stacking. It hurts, but i guess hes making more money this way . Should i just accept that what he says is a script from whoever is willing to pay him that day?
I don’t get why you have a problem with someone who knows a shit-ton about gold - making money pushing an absolutely fair product. Ten - 1/10th oz coins have the same amount of gold as a single 1 oz coin. The 10 coins will cost you $2,364.50 and the single coin - $2,032. That’s a 14% surcharge for 10 minted coins instead of one! It obviously costs more to make 10 coins instead of one which I’m sure you have mentally accepted. With the goldback - your getting 1000 individual serial numbered gold filled bills with the same amount of gold as a single 1 oz coin! If the bills were coins and there was a 14% surcharge per 10 coins minted you would gladly 🤣 be paying 1400% for 1,000 1/1000th oz gold coins!!!! Goldback has found a way to do this with a nominal surcharge for the QUANTITY of gold filled bills your getting. Honestly - you sound a little jealous of Goldback.. I sure as hell wish I thought of it. 🍻
@@streetsoftartaria lol,
1. I dont have problem with him pushing GB, I do have a problem with him pulling the ol infomercial "OH no how will i hold a cup AND A bowl look at him spill EVERYTHING...... Introduction the bup " sales pitch. In the same way that i stack silver, but i dont like the HSN, 100$ ASE hustle.
I dont know if you work for him/ them, or what. But i think you think i have some personal thing here. I dont. I call Silver D a shill becasue thats what he does now . He used to have info, NOW its all
" Buy all the silver you can , because this it the most important day in silver history. ", and
"Gold back are great because of SURFACE AREA , Look at that dime roll away"
REALLY?
I want gold backs to work, i want Silver D to go back to the way he was. BUT im not gonna sit here pretend that GB aren't clearly flawed , in spite of ALL THAT SURFACE AREA. And im not gonna pretend that SilverD hasnt sold out, and should be taken with a BIG spoon of salt
I own goldbacks. I want to see a gold back currency grow however it has to be done. This is the only gold back currency I’m aware of. Companies have to advertise to grow. I don’t even know who he is and I don’t care..
Gold backs rule!
Make some Canadian goldbacks and I'll buy them
Dimes are king.
ludicrous on what you say ...no difference on Mercury vs Roosevelt. Anybody can simply check the date.
Go to aliexpress search "gold dollar". Look at 1 page. Now how long do you think it will take them to change the image to a goldback ?
Goldbacks while a great idea in principle, just doesnt work. There is no simple easily way to test gold backs.
In a hypothetical SHTF situation the idea of junk silver for bartering is a matter of ease of use and relative reliability. Ive always seen slicks like a ripped dollar. I dont like it, but it still spendable. yeah if you ONLY have slicks you might be in trouble but thats not realistic.
Im gonna be honest (even as a silver stacker). the idea of barter is the weakest reason to stack silver. The idea that things are so bad youre willing to trade goods for metal, but some how still good enough that you would trade your (limited) goods for metal. That just doesn't seem like a realistic place to end up.
At least with silver i can carry a little bottle of acid, and scratch stone to test it
First off, Ali Express does respect trademarks and copyright. I’ve had them remove protected items myself with no problems. If your brand is on there - your not protecting your IP.
The reason I own goldbacks is bc I want them to become the future currency instead of the Illuminati toilet paper we currently use - not for some doomsday bartering situation. Even when gold backed dollars were the norm - when people made runs on the bank to get their cash - the bank had none. The goldback has the gold in it making you the bank - not some stranger.
So why do you own slicks? As an investment? Has your investment in slicks gone up 50% in value in the last 18 months? My investment in Goldbacks has.. 🍻
@@streetsoftartaria lol. Wow so angry, take a second a read the comment .I think you missed the point.
My point is counterfeiters (who dont care about IP) can and will make fake GB, and when they do (which they will THE SECOND it takes off in any meaningful way) you will be holding about 10$ worth of gold (maybe depending on where you got them.)
AGAIN I have nothing against GB
"Goldbacks while a great idea in principle, just doesnt work. There is no simple easily way to test gold backs.".
There is NOTHING on them that cant be EASILY counterfeited. You might trust that you ordered directly from Goldback INC, do you trust the guy giving you change did the same? Thats all it takes. A small group of people spending fake GB mixing into the system, and then what?
It gets out that there was a fake in circulation. What do they do?
"Fakes have 3 circles here"
Great the counterfeiter now know what to fix .
"We will buy back fake goldbacks"
Great counterfeiters can send them in and get paid. Doesn't stop them from spending them"
And what do YOU do when you walk out of the store with your change in GB? Spend every weekend going to a coin shop and asking them to check your stack with their XRF (which isnt a very common machine from my understanding ).
Your mistaking critic , with insulting. I also would LOVE to see this be the future of currency (i like to call it Fiat +), but that doesnt mean WE should bury our head in the sand , and ignore the CLEAR problems. F that, make it better so we can ALL use it. To many people come her and talk about how much they love GB.....and cant wait to spend it. If you cant spend it today in a safe easy way it isnt going to be useful enough to do the job WE need it to.
@@user-yf4gx4rf8h sorry I wasn’t trying to be offensive. Friendly debate is all I intended. Your position seemed to me to be that you think goldback is a bad idea to purchase at this time. Time will tell if your right about counterfeiting. A goldback is going to be harder to counterfeit than a coin. That’s for sure. And much harder than a paper bill. The technology/equipment used to make a goldback is way more costly/advanced than printers or mints. I personally believe as the company grows and there’s more circulation - that since the real goldback is filled with real gold - that effective solutions will be developed to detect bills filled with gold vs without gold. Cost effective X-ray tech etc and as far as spending goldbacks - there are hundreds of companies taking them and I’ve watched that list grow exponentially over the past 18 months. There are hundreds of companies that accept them from car dealerships to ace hardware in my area. I’m excited for the first grocery store chain to get on board.
@@user-yf4gx4rf8h If Goldbacks can be easily faked as you claim then prove it. I would think the equipment required to make a Goldback either fake or real would cost in the millions of dollars where the equipment required to stamp out gold eagles fake or real using dies would be in the thousands. Not to mention the size of the equipment would make it less mobile and more permanently placed and easier to get caught which is a huge liability.
You do need gold to make fake gold eagles even though its just a thin plating correct? If that is true you would need gold to make fake Goldbacks where the gold printing is already extremely thin on the real ones and the real ones can be tested for purity. I just don't see how it could be cost effective to get all the equipment just to make fake Goldbacks that I think would be cost prohibitive when you can just make dies and stamp out fake coins.
I'm not trying to be insulting, I just would like to see you back up your claim.
@@kivie13 That's a good point. The detail of the design, and the complexity and expense of the technology that goes into making a goldback is exactly what should make them hard to counterfeit. If we are concerned about counterfeiting, then paper notes and metal are certainly not immune to that concern.
Well, life is tough, and nothing's perfect.