The Goldbacks DO have value in their utility to be sure, but I don't think anyone should RELY on being able to leverage that value. The only value that can be RELIED on, imo, is the value of the gold content. And that's why I bought them. I wanted exposure to gold in a package that I could buy a gallon of gas with. Great work ya'll! Keep it up!
What is the strength of those gold backs what else is it made with have you tried a durability test, maybe a durability test is in order showing how strong they really are. I'm curious I'd like to see that.
I bought some recently I am skeptical about them and wanted to keep an open mind, they do look rather beautiful in design in my opinion. I will just save them, don't know what I can do with them I just like the design to be honest.
As an auto shop manager and family business in Washington, we’re heavily considering taking gold back his value. Food for thought you could come to me I do a timing belt you owe me $1000 cash and you give me goldbacks.
How do you use goldback money in regular stores To purchase items.. I saw you go to a farmer's market, how were you buying? At the dollar value printed on the gold back. Or were you looking up the gold exchange rate?
Exhange rate is on the website, its suprisingly easy to barter with Goldbacks especially at a farmers market, if you don't want to barter we have over 1000+ stores that openly accept them so no need to barter!
I use BULLIONMAX. They are an excellent service and they now carry gold backs. I do not have transportation to get money orders from my post office. The owner of my property is now willing to accept goldbacks for rent. My local grocery store owner has also agreed to accept them even though I am in California. The value of my goldbacks has increased $21 from the time I purchased them to pay rent. They would be much harder to counterfeit then are dollar bills. So I don't think you can go wrong with buying them
When it gets to the point that gold and silver are being used for money, their value will be the value of the gold they contain. If you buy an American Silver Eagle and pay $5 over spot, you will not get spot + $5 when you buy something with it. Several years down the road, production cost will not be factored in as part of the value. The hammer analogy does not work as a hammer has multiple uses. The Goldback's only use is as money and maybe a collectible. I do own some Goldbacks, but I do not expect to get nearly twice their spot value in the future. Same as the 1 gram gold bars. The price you bought it for may equal a spot of $5000, but the actual spot price at purchase may have been $1800.
When Goldbacks started in July of 2019, they sold for $2.25. Goldbacks currently trade for $4.67. They have more than doubled against the USD during a time of untamed inflation, and global conflict in almost 5 years. This figure does not match official inflation statistics from 2019 - 2023 from the U.S. Government, and that is scary! Goldbacks have increased in trade value 27.53 percent over some of the videos made last year when they were trading for less than $3.50 apiece. That would outpace the average salary increase, if you even got one. It is also several times the annual COLA. Everyone prattles about more efficient ways to own gold, but now it just makes me wonder if true USD inflation has gotten so bad that the Goldback has actually lost some degree of its intended fractional utility, since anything less than $5 would require change. A great niche for silver to fill, but it does make you think about where we are headed as a country!
The value when selling is the value someone is willing to take them for and for what I've seen its usually lower than the "average exchange rate". It would be nice if this average exchange rate would be taken at face value like the spot price of gold is that way there's no guessing on what other people would take them for when it comes to spend them or sell them. Btw, I'm not talking about preciou metals dealers selling them, it's obvious they set their own prices and for the most part they are selling or asking at above the average exchange rate so I'm talking about anyone who owns goldbacks and how much will they get for them at any location.
I live in nj and Arizona part of the year, As I’m in nj I can tell you, democrat states are stupid and it’s harder to trade a gold back But in conservative Arizona, it’s easy as heck, So if you have trouble using them, not trying to be political, but try with a more conservative buisness owner, or person, I kid you not 9 times out of ten, haven’t had luck with other types of ppl
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The Goldbacks DO have value in their utility to be sure, but I don't think anyone should RELY on being able to leverage that value. The only value that can be RELIED on, imo, is the value of the gold content. And that's why I bought them. I wanted exposure to gold in a package that I could buy a gallon of gas with. Great work ya'll! Keep it up!
I just brought some the New Hampshire set, I can’t wait to see what the hype is about
Their worth more as government keeps printing paper 😂
Don't stack 'em, SPEND 'em! Get 'em out there.
Mine are worth $4. I won't accept less than $8. I can wait. 😎
What is the strength of those gold backs what else is it made with have you tried a durability test, maybe a durability test is in order showing how strong they really are. I'm curious I'd like to see that.
I bought some recently I am skeptical about them and wanted to keep an open mind, they do look rather beautiful in design in my opinion. I will just save them, don't know what I can do with them I just like the design to be honest.
California here.
So what's the chance of us getting goldbacks?
If California or Texas does it, I'd be major game changer. I see Texas doing it most likely
As an auto shop manager and family business in Washington, we’re heavily considering taking gold back his value.
Food for thought you could come to me I do a timing belt you owe me $1000 cash and you give me goldbacks.
Ten months ago, $3.89. Today $3.93. Two weeks ago $5.00 at my LCS. Need to get a few before gold goes back up. They are rather cheap at the moment.
How do you use goldback money in regular stores To purchase items.. I saw you go to a farmer's market, how were you buying? At the dollar value printed on the gold back. Or were you looking up the gold exchange rate?
Exhange rate is on the website, its suprisingly easy to barter with Goldbacks especially at a farmers market, if you don't want to barter we have over 1000+ stores that openly accept them so no need to barter!
I want some Utah Goldbacks. If I order them from Alpine, will I receive random state or Utah Goldbacks? I live close to Utah.
We can't speak for Alpine Gold but you can probably make a specific request.
@@GoldbackInc Thx.
Beautiful and gorgeous. I wish all currency looked like the Goldbacks.
If we had a free market of currencies, they would look even better because they'd have to compete.
I know they look so beautiful compared to our dollars
I wished all currency had their instrinsic value.
One thing you are failing to realize is that the first couple of years had low production numbers and are holding numismatic value.
I love the concept, but wouldn't have the faintest idea how to go about buying any without getting ripped off.
Defy the grid, is where I buy them I think it's the best price
@@danialhillmann5374 Thanks. Have you actually been able to spend any of them?
@@GoldAndSilver988 I'm in the "wrong" state so I just use them as tips and try to share my knowledge of what "money" is
Finest Known has them for $3.63 as of today (3/30/22). Defythegrid is $3.62 if you pay by check or cash.
I use BULLIONMAX. They are an excellent service and they now carry gold backs. I do not have transportation to get money orders from my post office. The owner of my property is now willing to accept goldbacks for rent. My local grocery store owner has also agreed to accept them even though I am in California. The value of my goldbacks has increased $21 from the time I purchased them to pay rent. They would be much harder to counterfeit then are dollar bills. So I don't think you can go wrong with buying them
When it gets to the point that gold and silver are being used for money, their value will be the value of the gold they contain. If you buy an American Silver Eagle and pay $5 over spot, you will not get spot + $5 when you buy something with it. Several years down the road, production cost will not be factored in as part of the value. The hammer analogy does not work as a hammer has multiple uses. The Goldback's only use is as money and maybe a collectible. I do own some Goldbacks, but I do not expect to get nearly twice their spot value in the future. Same as the 1 gram gold bars. The price you bought it for may equal a spot of $5000, but the actual spot price at purchase may have been $1800.
They cost twice the price of Gold, and can only be redeemed for the price of Gold. Gotta fix that disparity.
When Goldbacks started in July of 2019, they sold for $2.25. Goldbacks currently trade for $4.67. They have more than doubled against the USD during a time of untamed inflation, and global conflict in almost 5 years. This figure does not match official inflation statistics from 2019 - 2023 from the U.S. Government, and that is scary! Goldbacks have increased in trade value 27.53 percent over some of the videos made last year when they were trading for less than $3.50 apiece. That would outpace the average salary increase, if you even got one. It is also several times the annual COLA. Everyone prattles about more efficient ways to own gold, but now it just makes me wonder if true USD inflation has gotten so bad that the Goldback has actually lost some degree of its intended fractional utility, since anything less than $5 would require change. A great niche for silver to fill, but it does make you think about where we are headed as a country!
The value when selling is the value someone is willing to take them for and for what I've seen its usually lower than the "average exchange rate". It would be nice if this average exchange rate would be taken at face value like the spot price of gold is that way there's no guessing on what other people would take them for when it comes to spend them or sell them. Btw, I'm not talking about preciou metals dealers selling them, it's obvious they set their own prices and for the most part they are selling or asking at above the average exchange rate so I'm talking about anyone who owns goldbacks and how much will they get for them at any location.
Silver dragons, out.
yeah lol 🔥🐉
9/12/24 goldback average -- $5.28 ... nice
$1 goldbacks x 1,000 = 1oz of gold
trying to match my 1/1000 gb to current price of gold to arrive at a price of 3.00+ and don't get it.
I live in nj and Arizona part of the year,
As I’m in nj I can tell you, democrat states are stupid and it’s harder to trade a gold back
But in conservative Arizona, it’s easy as heck,
So if you have trouble using them, not trying to be political, but try with a more conservative buisness owner, or person, I kid you not 9 times out of ten, haven’t had luck with other types of ppl
It’s worth less than you paid for it. No matter what.
Today the average price is $4.00
They're $5+ right now. Lol