we need to take control of the currency back n'simultaneously oust the fed' (because 'just' removing the fed = ideological-technocracys è-commerce ofwich = problem reaction solution (thus they want us to now bringdown the fed 'capiche ,, (we need both legitimate physical currency and physical goldmoney in circulation simultaneously 'period.
I have accepted Goldbacks at my business in North Texas for some time. I love talking with people about the importance of REAL money for transactions, compared to the failing fiat dollar
@davidknollhoff3942 I do not have any vendor in San Antonio although I grew up there. We do not add preservatives or stabilizers so ours wouldn't make a trip
Are you going to be giving up your gold and silver? Are you going to be falling for the whole, let someone else sell you a lie about how they know what is best for you silver and gold? In the end will you have power over the Texas Government? Will you have power or say over the bank holding your gold and silver?
I will be surprised if this goes through. I hope I am very surprised ! You are very correct about our dealings with the federal reserve being unconstitutional.
GO TEXAS GO, it’s literally leading the way for states to follow suit with full freedom from federal government interference 🎉🎉🎉 step closer to breaking away to succeeded in become our own country 🎉🎉🎉 GO TEXAS GO!!!
There are now many states accepting silver and gold as a ligitimate form of currency. Texas is however now the first to create an actual silver and/or gold coin used for purchasing goods and services. A Texas made "Goldback Coin". Texas leads the way once again and will set the trend.
I dont live there anymore but peoria ford in arizona in 2019 said yes they would take payment with gold and silver. You'd be surprised who does except gold and silver as payment. Just ask 😊
@@SilverWatcher. I ask vendors all the time if they take PM. Most big names say no. It is the small family owned businesses that seem to be open to PM transactions.
Nice Texas & Sal❤ I can understand that establishment ie brick and mortar businesses don't want to make any transactions with foreign coin currency backed by its government,but can't otherwise the out and out refusal of our own country US silver and Gold spot prices not face. It should had ALWAYS been . legal tender.
@@hippiehillape well back when face price was " coined " it W A S the case. Do you think it still stands? NO! In fact,it doesn't even carry face price metal so it really is fraud.
so its not gold currency & its a 3rd party transactional rake machine with transaction fees for conversion. article 1 section 10 no state shall coin money. just trade gold & silver amongst yourselves why do you need govt approval & its not a monetary transaction it just a barter & untaxable
You can't use the spot price of silver for transactions (from Comex) because the comex is flooded with paper silver and paper gold making the spot price almost meaningless... we need to stop the banks from issuing paper contracts for gold and silver(unless backed 100%).
We had a gold backed currency! It didn't work! People would save thare gold,but not willing to lend it, credit is the foundation of our system! Without
Population goes up over time at a diffing rate to gold supply so tension will be in the system plus it value fluctuates constantly. In England we had a jolly old empire to solve the problem with everyone else's gold for a while but that's frowned upon these days. Given that you'll have to deal with the rest of the USA and world in the supply chain I dont know exactly how well it will protect as you'll as a state constantly be converting it back and forth with currency that does have inflation and buying goods and services whose prices will rise over time
Reading the website other States can join, townships, county, tribal, individuals from any state. Other government entities accepted once gold deposits are accepted. Decentralized gold.
This is a great idea. To make this a real game changer, Texas ideally would make this a gold backed stable coin that would be bankable, via debit cards and say things like PayPal. But more importantly, if it where possible to borrow and loan money based on this gold backed currency , it would be especially bullish for people wanting to hold gold, because it would give them a way to earn interest on their gold, while at the same time protecting them from inflation. For people borrowing the rates could be extremely low, say around 2% interest rate, because the lenders don’t need to worry about inflation Eating them alive while they lend their gold out. This is simply how money worked up until the 70s.
Regarding 3:25, the British Gold Sovereign coins have no monetary denomination or purity or weight stamped on them. This is because they are famous worldwide and people are supposed to recognize what they are as well as to know what their monetary denominations are. For example, the sovereign should have a nominal monetary denomination of £1. The double sovereign should have a nominal monetary denomination of £2. The quintuple sovereign should have a nominal monetary denomination of £5. The half sovereign should have a nominal monetary denomination of £½. The quarter sovereign should have a nominal monetary denomination of £¼. Their gold bullion values far exceed their nominal monetary denominations.
Bix Tex. It's a different world in Texas they have a good idea with this. Keep us updated pleas. Love the Krugerrand funny we just ordered some they should be here in a week can't wait. Thumbs up guys
??You said that a hypothetical transaction in Texas using a U.S. silver eagle would likely allow for a 'spot price' valuation (rather than the $1 dollar marked on the coin) but that's pretzyel logic, as the 'spot price' is measured/calculated in U.S. fiat dollars! that's a meaningless closed loop! Neither the amount marked on the coin or the spot price tells us anything useful. A determination of value would have to be made against some other needful hard asset to determine it's worth, or trading value, say a gallon of fuel, or a box of .357 mag. shells, or 5lbs. of ground beef or loaves of bread. You can't measure the worth of an oz. of .999 silver by using an ever fluctuating fiat currency (which IS what 'spot price' is). That's precisely what thinking folks are wanting to move away from. The logic in calculating this way (or it's lack) is completely flawed. I don't understand how many people can't seem to make this connection in their heads!
Theres ancient coins still intact the notes cost to produce. Lots of companies have gone digital with there catalogs to save money 👍coins last longer and far better looking
This sounds very good in theory, however I have a very nasty feeling the Federal Reserve is going to do everything in its power to prevent this from passing and that the Federal Government is going to ally with the Federal Reserve for mutual interests of financial dominance.
Not only can I imagine coins from Texas I can imagine half gram Square coins and quarter gram bites and bits of gold ( not flat) rectangular little chunks with nominations on them noting exactly what its size Purity and such.
I like the idea. But one comment I disagree with is the one about taking the silver coin with a $1 dollar value into a store and expecting to get the spot silver spending value. Until a system is in place in which silver backed currency is common don't expect store owners to be COMEX brokers without taking a rake.
Thx Sal. Great video. And kool Info. I think that they should make there own silver and gold coins. And each coin would be a flat worth. So stores can mark items how much the item will cost in fiat. And how much that same item cost in silver or gold coins. Two diffrent prices, for two diffrent types of payment. U ROCK DOC.👍👀🖖⛄🤘😎🎸🎶🎵
I'm from Texas but even I don't like this. I think this is another way to con people to give up their gold and silver. If you don't hold it, You don't own it. I oppose the Texas eminent domain law. This depository might sound good now but will you do in ten years when someone new comes in and takes what you THINK is yours.
Jfyi I have been sending EVERYONE in and around government and media a message like this " Why isn't every single government representative SCREAMING STOP THIS F^CKING WAR. Do something useful and get your butt front and center and do something that will make a difference. We The People deserve better. "
In regards to a Canadian fiat for example, Its interesting understanding the 2 different forms of fiats. The older Canadian fiat used to have a notation printed on the bank note that said, "pay unto bearer upon demand". What this meant essentially was it represented what gold represents today and was backed by gold. That has been removed from the notes and replaced by "this note is legal tender". Which essentially instantly devalued it's value allowing inflation to take over. This all happened during the removal of gold backed securuties.
This is a big deal considering Texas has the world's 8th largest economy. 2.6 trillion dollar/ year. Bigger than Russia, Canada and most other countries. Texas could be its own country and probably do better on its own. The U.S. needs Texas more than Texas needs the U.S.
I am from Texas and look forward to seeing where this goes.
Central Texas here. I'm a barber that transact in silver and some gold.
End the Fed, by not using the Fed. Got it. Love it.
It’s how you defeat them. Stop using their fake fiat, and they’re done.
we need to take control of the currency back n'simultaneously oust the fed' (because 'just' removing the fed = ideological-technocracys è-commerce ofwich = problem reaction solution (thus they want us to now bringdown the fed 'capiche ,, (we need both legitimate physical currency and physical goldmoney in circulation simultaneously 'period.
Yes!! I live as a resident and work full time in Texas. I can't wait. Also I can't wait for a Texas minted Texas Goldback.
I have accepted Goldbacks at my business in North Texas for some time. I love talking with people about the importance of REAL money for transactions, compared to the failing fiat dollar
@cjallen425 What is the name of your company and what do you sell?
@davidknollhoff3942 Cold Wave Creations. Homemade ice cream. I also have a half price deal for pre 1965 dimes and quarters
@cjallen425 So we live far apart. You probably can't ship your product or do you have a vendor down near San Antonio?
@davidknollhoff3942 I do not have any vendor in San Antonio although I grew up there. We do not add preservatives or stabilizers so ours wouldn't make a trip
... God Bless Texas!
Gold Bless Texas!
Don’t mess with Texas!
North East Texas!! Love that Gold Buffalo, My Favorite!!
How's it going Silver Heist
@@NumismaticStacker-z8x going well!
Have a great Thanksgiving!
Article 1 Section 10 of the Constitution states that all payments are to be made in gold and silver!!
@@freedomone776 I just read it. Go back and read it again.
That the states only can make gold and silver coin to pay depts....
It also says 'shall not be infringed' and we know how that worked out..................
Not enough gold in the world ! F'n stupid !
I thought the states can’t coin money
Texan silver stacker here.
I am responding to your comment verbally on a live stream at this very moment!
Good morning fellow silver gold stackers 🇺🇸
Good evening fellow stacker🪙🏴
@sNoWzC greetings from across the pond
@@samename3926it’s more like a lake than a pond 😊
Grand Rising to you from Central Texas
I'm all for it!!! And as a native Texan, I'm REALLY all for it...F*CK the Federal Reserve!
I am responding to your comment verbally on a live stream at this very moment!
You arent native. White people arent native to texas
Hope they pull it off. Go Texas. Thanks Sal.
Are you going to be giving up your gold and silver? Are you going to be falling for the whole, let someone else sell you a lie about how they know what is best for you silver and gold? In the end will you have power over the Texas Government? Will you have power or say over the bank holding your gold and silver?
Texas kicks butt.
It would be hard to vote against this proposal....especially since it's voluntary participation.
presumably not voluntary for businesses or it cant be legal tender?
From Texas, I'm looking forward to this, y'all!
I am responding to your comment verbally on a live stream at this very moment!
Just ordered 1 one quarter oz Canadian maple, 2 tubes of 90% dimes, buying the pullback
The monster from Jekyll Island needs to be fundamentally changed. From existing to former existence.
I will be surprised if this goes through. I hope I am very surprised ! You are very correct about our dealings with the federal reserve being unconstitutional.
I am responding to your comment verbally on a live stream at this very moment!
GO TEXAS GO, it’s literally leading the way for states to follow suit with full freedom from federal government interference 🎉🎉🎉 step closer to breaking away to succeeded in become our own country 🎉🎉🎉 GO TEXAS GO!!!
Thumbs up for Texas. As a Canadian lots of thumbs are pointing straight up for them. Texicaners ? are a feisty bunch for sure.
I am responding to your comment verbally on a live stream at this very moment!
There are now many states accepting silver and gold as a ligitimate form of currency. Texas is however now the first to create an actual silver and/or gold coin used for purchasing goods and services. A Texas made "Goldback Coin". Texas leads the way once again and will set the trend.
My wife was telling me about this 3-4 days ago 🎉
She’s a keeper!
❤
Fascinating
@kelvinbel8910 I do believe she seen it on truth social,
LBJ moved the gold from Fort Knox to Texas back in the 1960's. No onehas audited our gold since the 1930's.
Way to go, Texas! Hopefully other states will follow.
I will be contacting my Texas people on this and help push this to reality! Native Texan!!!
I am responding to your comment verbally on a live stream at this very moment!
God i love Texas!
Go Texas! Thanks Sal 🇬🇧🪙🇺🇸
I dont live there anymore but peoria ford in arizona in 2019 said yes they would take payment with gold and silver. You'd be surprised who does except gold and silver as payment. Just ask 😊
I've been paid in silver many times. Just never charged enough to justify being paid in gold.
Up here in Canuckian Ville in a small town in BC I have been paying for goods with silver for years. It is a really fun thing to do.
@@SilverWatcher. I ask vendors all the time if they take PM. Most big names say no. It is the small family owned businesses that seem to be open to PM transactions.
YES YES YES YES! More states follow this please!
WHOOOAAAHHHH! I am in Texas and will be VERY happy for any movement in this direction!
Texas Goldback
Nice Texas & Sal❤
I can understand that establishment ie brick and mortar businesses don't want to make any transactions with foreign coin currency backed by its government,but can't otherwise the out and out refusal of our own country US silver and Gold spot prices not face. It should had ALWAYS been . legal tender.
Then why place a value on the coin? Difficult to teach the lay person to think in spot price per oz
I am responding to your comment verbally on a live stream at this very moment!
@@hippiehillape well back when face price was " coined " it W A S the case.
Do you think it still stands?
NO!
In fact,it doesn't even carry face price metal so it really is fraud.
Texas has always had the soul of freedom.
Would love to see a Texas “Alamo” being the name since the Alamo is seen as independence. I’d stock up on them !!!
I approve of this message and encourage more of the same. Gold and silver transactional currency is the future.
This is Constitutional money as required by the Constitution for the United states
so its not gold currency & its a 3rd party transactional rake machine with transaction fees for conversion. article 1 section 10 no state shall coin money. just trade gold & silver amongst yourselves why do you need govt approval & its not a monetary transaction it just a barter & untaxable
I'm a native Texan stacker and I'm excited to see what happens with this PM backed currency. Keep on stackin'!
It would be unconstitutional for any State to use anything OTHER than gold and silver, printing money is illegal. Make coins all day!
Yes, 👍👍👍
I am responding to your comment verbally on a live stream at this very moment!
Are all stackers cerebrally challenged?
@@petercollingwood522 No.
@@petercollingwood522 no
Texas enforcing its borders, now issuing money!!!😂🤣😂🤣
You can't use the spot price of silver for transactions (from Comex) because the comex is flooded with paper silver and paper gold making the spot price almost meaningless... we need to stop the banks from issuing paper contracts for gold and silver(unless backed 100%).
There is no inflation with a gold backed currency!!
We had a gold backed currency! It didn't work! People would save thare gold,but not willing to lend it, credit is the foundation of our system! Without
Population goes up over time at a diffing rate to gold supply so tension will be in the system plus it value fluctuates constantly. In England we had a jolly old empire to solve the problem with everyone else's gold for a while but that's frowned upon these days. Given that you'll have to deal with the rest of the USA and world in the supply chain I dont know exactly how well it will protect as you'll as a state constantly be converting it back and forth with currency that does have inflation and buying goods and services whose prices will rise over time
I am responding to your comment verbally on a live stream at this very moment!
I hope you follow this story Sal, as I'm sure many would be interested to see how this turns out.
I am responding to your comment verbally on a live stream at this very moment!
I think they should partner with Goldback and get the Texas Goldback into production
I am responding to your comment verbally on a live stream at this very moment!
The reverse of Gresham's law is Thier's law. It is forced by merchants refusal to accept a completely worthless currency.
At least one state is NOT part of the Federal Reserve System-- guess which one!
This would be awesome,hope Arkansas gets the idea.
God bless the gold standard
Reading the website other States can join, townships, county, tribal, individuals from any state. Other government entities accepted once gold deposits are accepted. Decentralized gold.
Wow, this is a huge deal. I like it.
I am responding to your comment verbally on a live stream at this very moment!
Sounds like a solid idea. Take the lead Texas
So basically a state owned CBDC but this time backed by gold.
You get it.😮
Definitely informative, Thank you so much!
I am responding to your comment verbally on a live stream at this very moment!
Excellent news!
That’s why they call it the Lone star State. God bless Texas.☕️☕️
I like you special message to the jack holes Sal. Real money,all of it , wow. Nice yall
NO one can stop the Power of GOLD! I'm Kinda getting Gold Fever up and around here.
I’m from Michigan and I want this currency!
I am responding to your comment verbally on a live stream at this very moment!
👍👍👍 would you expect anything less from Texas?
How did the coal mines get away with paying workers with script coins?
Great video for the newbie stackers
I am responding to your comment verbally on a live stream at this very moment!
Wow, amazing hope it works out and grows to other states.
this is awesome news............ stay Blessed
This is a great idea. To make this a real game changer, Texas ideally would make this a gold backed stable coin that would be bankable, via debit cards and say things like PayPal. But more importantly, if it where possible to borrow and loan money based on this gold backed currency , it would be especially bullish for people wanting to hold gold, because it would give them a way to earn interest on their gold, while at the same time protecting them from inflation. For people borrowing the rates could be extremely low, say around 2% interest rate, because the lenders don’t need to worry about inflation Eating them alive while they lend their gold out. This is simply how money worked up until the 70s.
Sal it’s a great Republic of Texas🎉
Regarding 3:25, the British Gold Sovereign coins have no monetary denomination or purity or weight stamped on them. This is because they are famous worldwide and people are supposed to recognize what they are as well as to know what their monetary denominations are. For example, the sovereign should have a nominal monetary denomination of £1. The double sovereign should have a nominal monetary denomination of £2. The quintuple sovereign should have a nominal monetary denomination of £5. The half sovereign should have a nominal monetary denomination of £½. The quarter sovereign should have a nominal monetary denomination of £¼. Their gold bullion values far exceed their nominal monetary denominations.
Raw gold can offten be purchased below spot. Hang on to it because it will go up in price. I guarantee it !
I’ve paid for a haircut with a silver round before. We both agreed it was a great trade
Bix Tex. It's a different world in Texas they have a good idea with this. Keep us updated pleas. Love the Krugerrand funny we just ordered some they should be here in a week can't wait. Thumbs up guys
I am responding to your comment verbally on a live stream at this very moment!
Keep track of this--ought to be interesting!!!
??You said that a hypothetical transaction in Texas using a U.S. silver eagle would likely allow for a 'spot price' valuation (rather than the $1 dollar marked on the coin) but that's pretzyel logic, as the 'spot price' is measured/calculated in U.S. fiat dollars! that's a meaningless closed loop! Neither the amount marked on the coin or the spot price tells us anything useful. A determination of value would have to be made against some other needful hard asset to determine it's worth, or trading value, say a gallon of fuel, or a box of .357 mag. shells, or 5lbs. of ground beef or loaves of bread. You can't measure the worth of an oz. of .999 silver by using an ever fluctuating fiat currency (which IS what 'spot price' is). That's precisely what thinking folks are wanting to move away from. The logic in calculating this way (or it's lack) is completely flawed. I don't understand how many people can't seem to make this connection in their heads!
Those will be big sellers!
They should also do 1/2, 1/4 and1/10 Ounce if they want it
To be used in non digital transactions.
Wow,,,,,Can You Imagine and Texas being the Leaders
Go to Texas wish I could move back
I am responding to your comment verbally on a live stream at this very moment!
Every big corporation whether government or Lockheed themself have some debts to be paid as far as I’m concerned…
I am responding to your comment verbally on a live stream at this very moment!
I hope capital gains on real money ceases.
I am responding to your comment verbally on a live stream at this very moment!
I agree. Why pay cap gains when exchanging money ?
Imagine buying a car with silver you bought for $25 an ounce when silver is $100.😊
Time to move to Texas, don't worry I'm not broke. I come bearing gifts
I am responding to your comment verbally on a live stream at this very moment!
Theres ancient coins still intact the notes cost to produce. Lots of companies have gone digital with there catalogs to save money 👍coins last longer and far better looking
Very cool. I’m looking forward to it
黃金和白銀的持有人是智慧的！！！
I would want those Texas coins, for sure.
I am responding to your comment verbally on a live stream at this very moment!
This sounds very good in theory, however I have a very nasty feeling the Federal Reserve is going to do everything in its power to prevent this from passing and that the Federal Government is going to ally with the Federal Reserve for mutual interests of financial dominance.
Makes sense,but if we get the people behind it. It's possible just got to wake up the people.
Price all goods and services in gold and silver.
It isn’t that gold and silver fluctuates in price it is that dollars fluctuate in value.
Thanks Sal 😎
Could Article 1 Section 10 have contractors paid in gold and silver?
Not only can I imagine coins from Texas I can imagine half gram Square coins and quarter gram bites and bits of gold ( not flat) rectangular little chunks with nominations on them noting exactly what its size Purity and such.
I am responding to your comment verbally on a live stream at this very moment!
I like the idea. But one comment I disagree with is the one about taking the silver coin with a $1 dollar value into a store and expecting to get the spot silver spending value. Until a system is in place in which silver backed currency is common don't expect store owners to be COMEX brokers without taking a rake.
An issue of a Texas "Alamo" coin is on my list of 'must have several of.'
I am responding to your comment verbally on a live stream at this very moment!
Texas is a great state!!
Thx Sal. Great video. And kool Info. I think that they should make there own silver and gold coins. And each coin would be a flat worth. So stores can mark items how much the item will cost in fiat. And how much that same item cost in silver or gold coins. Two diffrent prices, for two diffrent types of payment. U ROCK DOC.👍👀🖖⛄🤘😎🎸🎶🎵
Love it
I am responding to your comment verbally on a live stream at this very moment!
I hope it will cross state lines. If it does I will be getting the electronic card. 🏴☠️
Exactly!
There is not enough gold or silver to do it
I'm from Texas but even I don't like this. I think this is another way to con people to give up their gold and silver. If you don't hold it, You don't own it.
I oppose the Texas eminent domain law. This depository might sound good now but will you do in ten years when someone new comes in and takes what you THINK is yours.
Then don't store it there...
@bamahama707 you think!
Lead is a pretty effective deterrent.
I am responding to your comment verbally on a live stream at this very moment!
Keep stacking Precious Metals......... or start doing it if you have none, and want to own a time tested hard asset 👍
I am responding to your comment verbally on a live stream at this very moment!
Jfyi I have been sending EVERYONE in and around government and media a message like this
" Why isn't every single government representative SCREAMING STOP THIS F^CKING WAR. Do something useful and get your butt front and center and do something that will make a difference. We The People deserve better. "
In regards to a Canadian fiat for example, Its interesting understanding the 2 different forms of fiats. The older Canadian fiat used to have a notation printed on the bank note that said, "pay unto bearer upon demand". What this meant essentially was it represented what gold represents today and was backed by gold. That has been removed from the notes and replaced by "this note is legal tender". Which essentially instantly devalued it's value allowing inflation to take over. This all happened during the removal of gold backed securuties.
I am responding to your comment verbally on a live stream at this very moment!
Texas should have their own controls (markets)to offset the COMEX OR LBMA.
I am responding to your comment verbally on a live stream at this very moment!
Wonderful and very interesting vedio ❤🎉
IOU Suck Period 🖕🏾🖕😂 Just Stack Now Before It’s To Late ⏰ 🇺🇸
This is a big deal considering Texas has the world's 8th largest economy. 2.6 trillion dollar/ year. Bigger than Russia, Canada and most other countries. Texas could be its own country and probably do better on its own. The U.S. needs Texas more than Texas needs the U.S.
Gold back US dollar yes amen!!!!
I am responding to your comment verbally on a live stream at this very moment!
I like this, it appears to have promise