Recently bought a bundle of fifty NH "ones" to try spending around the state. Have not had trouble and have spent them in 3/4 of the places I've inquired at. None of these establishments were listed places taking Goldbacks but they did. One was in MA as well, a state where they don't have Goldbacks yet.
I've been a Goldback advocate since day one. Beautifully done, super technical in the way they're made. The shining gold helps accentuate the artwork all these notes display. I got mine just to have some, but then was really awestruck by their design and the way they're made. I still collect them but I don't stack them.
People who continually gripe about the premium on Goldbacks either don't understand their purpose or don't understand anything about the quality of utility.
There is definitely utility here. My hope is that these become more commonplace, either grassroots or brick and mortar. Sadly, even finding a bullion dealer in my city is difficult, let alone people who would use these. But hoping that changes soon!
The concept is very similar to the copper rounds. A piece with 0.35 cents content of copper is bought for $2. These goldbacks also have an unrealistic premium. Am I not right?
As of right now. December 8th 2024. A 1/1000th ounce Goldback will cost you $5.24 from Alpine gold. The exchange rate, what the value towards goods or services in an establishment that accepts them, is $5.44. There is $2.64 in gold contained in the goldback. Where does the additional $2.80 in value come from? It is there because the maker of the Goldback says it is. It is very similar to fiat currency in that aspect. Over half the value of the Goldback is there on faith. God forbid a SHTF situation occurs, but if it does, that value of the Goldback will revert to the worth of the metal in the note itself. Are they a good option to stack? Sure, if you get them at spot or just slightly above. Are they a good investment? No there is a program you can bank them and make 2%, but an IRA would be a much more lucrative investment. Goldbacks are designed to be an alternative currency. That is what they were designed for, and to an extent, that is what they are good for. There isn't a business within 500 miles of my residence that accepts them, so for my purposes they are pretty useless to me. If I can find a few at spot, I would probably pick them up to frame as an art display. They are beautiful. But beyond that, they are a hard pass for me.
@@gasconheart no you’re not. A more realistic comparison is junk silver. The 1921 Peace Dollar was minted with a silver content worth about 50cents. This is done on all non-fait currencies to discourage people from melting them. Copper rounds are not intended for, or accepted as currencies. Copper rounds have a negligible metal value, they are not a fair comparison at all.
You are not buying 'spot price' gold when you buy a Goldback. You are paying for the manufacturing and production costs to make the Goldback, which is quite expensive and time consuming, not to mention the expensive equipment and technology to make a Goldback. You are well aware that you can't buy fractional gold at spot, you pay a premium. A Goldback is the absolute best way to have spendable fractional gold...period. It is highly unlikely that you'll ever see a counterfeit Goldback because it would cost more to counterfeit it than the denomination printed. Same reason you never see counterfeit $1, $5 , $10 bills! FYI, Florida now has the Goldback and it is available in 8 different denominations, including a ½, a 2 and a 100.
The idea is not to stack them, they are meant to be exchanged. The whole idea of hyper fractionalized gold in a serialized form, is to prevent inflating the currency. The utility cost is not a premium, it is the cost of development and manufacture, this is not a bad thing; the utility cost carries and it further prevents over printing if it cost more to make it.
I love them but mainly a novelty, they're super good for getting people interested into stacking. I think silver works so well for small exchange I'd rather go that direction
Maybe in time, after a few ups and downs on the economic rollercoaster you can pick them up closer to melt in a private sale. In that situation, absolutely. But between silver and MapleGarm 25s, that is plenty of divisibility.
I think these are a great idea. Living in the people's republic of new york where we have no freedom using them as intended is nearly impossible. However the work around seems to be open an account with upma add gold backs to the account then use the prepaid visa card to access goldbacks and convert to fiat cash.
@@johnnyb9416 The People's Republic of New York. LOL! 😂 I'm so sorry you have to deal with all that. I went to New York state for the first time a few years back. It's such a lovely state, other than NYC.
I have some New Hampshire Gold Backs. They look beautiful but the premium just kills the idea of stacking them for me. Using them as currency is difficult as the exchange rate is not universally accepted
I just purchased 5 $1's of each state myself. This is the most recent Goldback Video online. Goldbacks have reached a max of $5.09 a piece in valuation a few days ago to $4.87 today. I just purchased mine for $4.62 so I got a "deal". I'm going to make them a 10% stake in my Gold and Metals portfolio. They absolutely appeal to me, and I foresee them growing in the future as the paper bill becomes worthless.
I wouldn't understand anyone that stacks fractional silver for reasons of barter, but didn't stack these also. That would make no sense to me. Premium rises with utility whether is GB's or fractional metal. I think Goldbacks make a ton of sense and have recently acquired some and begun spending them at various places. All you gotta do is ask, it's amazing how many will say yes to them.
I'm glad to hear they are becoming more mainstream! And I definitely agree about the premium rising point. We saw premiums growing significantly when the silver squeeze hit. Could definitely see the same here. I am taking a bit of a wait and see approach, but am also looking to snag a few when I can and budget allows!
Check out the link in the description. Bullion Exchanges has a deal where you can get one Goldback at spot. I got enough stuff to get the free shipping.
LIAR! you can extract the gold. It's been proven you can, there are VIDEOS on the gold being EXTRACTED. The gold in them is more than what it says it has.
Goldbacks have been around for 5 years now....they are just not becoming as popular as people are saying. Only 0.001 percent of businesses accept them even after 5 years of production.
@@KingdomSilverKC The only 'reasonable' premium is a 90% discount. I'd much rather buy 1/10 Gold Eagles than these hyper-expensive novelties.(Thanx for reply)
@@ihavetofishable Absolutely, I appreciate your thoughts. There are definitely much better deals at the moment. Would rather have an eagle or a 20 francs.
Actually I paid $4.04 per $1.00 goldback. I would need 1000 goldbacks to reach an ounce. If I had purchased that many when I did, my cost would be roughly $4040 per ounce of gold.
You don’t understand the difference between non-fiat currencies and stacking metal. But if ignorance is your thing “Have at it” PS: also $11,500+ /oz 😂, might wanna get to at least high school level Math.
Pretty and unique. I see them similar to stamp collecting.
@@jamesjoy8866 I could see that. Hoping more states get involved with the program so we see more unique designs.
These are awesome - I have many, every denomination as well. I’ve used them for trade / purchases many times up in NH
That's awesome! I hope my state decides to come on board as well. Would like to use them.
@@KingdomSilverKC i heard they’re launching Colorado Goldbacks soon - they’ve been expanding pretty quick. Hope to see them everywhere eventually
Recently bought a bundle of fifty NH "ones" to try spending around the state. Have not had trouble and have spent them in 3/4 of the places I've inquired at. None of these establishments were listed places taking Goldbacks but they did. One was in MA as well, a state where they don't have Goldbacks yet.
@@jaybarr3307 That's awesome!
@@jaybarr3307where In Mass? I want to try and get places around me accepting them
I've been a Goldback advocate since day one. Beautifully done, super technical in the way they're made. The shining gold helps accentuate the artwork all these notes display. I got mine just to have some, but then was really awestruck by their design and the way they're made. I still collect them but I don't stack them.
@@Sturika Well said! I really hope more states embrace the concept. They are absolutely stunning!
People who continually gripe about the premium on Goldbacks either don't understand their purpose or don't understand anything about the quality of utility.
There is definitely utility here. My hope is that these become more commonplace, either grassroots or brick and mortar. Sadly, even finding a bullion dealer in my city is difficult, let alone people who would use these. But hoping that changes soon!
The concept is very similar to the copper rounds. A piece with 0.35 cents content of copper is bought for $2. These goldbacks also have an unrealistic premium. Am I not right?
As of right now. December 8th 2024. A 1/1000th ounce Goldback will cost you $5.24 from Alpine gold. The exchange rate, what the value towards goods or services in an establishment that accepts them, is $5.44. There is $2.64 in gold contained in the goldback. Where does the additional $2.80 in value come from? It is there because the maker of the Goldback says it is. It is very similar to fiat currency in that aspect. Over half the value of the Goldback is there on faith. God forbid a SHTF situation occurs, but if it does, that value of the Goldback will revert to the worth of the metal in the note itself. Are they a good option to stack? Sure, if you get them at spot or just slightly above. Are they a good investment? No there is a program you can bank them and make 2%, but an IRA would be a much more lucrative investment. Goldbacks are designed to be an alternative currency. That is what they were designed for, and to an extent, that is what they are good for. There isn't a business within 500 miles of my residence that accepts them, so for my purposes they are pretty useless to me. If I can find a few at spot, I would probably pick them up to frame as an art display. They are beautiful. But beyond that, they are a hard pass for me.
@@gasconheart no you’re not. A more realistic comparison is junk silver. The 1921 Peace Dollar was minted with a silver content worth about 50cents. This is done on all non-fait currencies to discourage people from melting them.
Copper rounds are not intended for, or accepted as currencies. Copper rounds have a negligible metal value, they are not a fair comparison at all.
When you and the other "premiums don't matter" crowd agrees to buy $50 bills from me for $100 each, I'll take that argument seriously.
IIRC, Florida is next in January.
You are not buying 'spot price' gold when you buy a Goldback. You are paying for the manufacturing and production costs to make the Goldback, which is quite expensive and time consuming, not to mention the expensive equipment and technology to make a Goldback. You are well aware that you can't buy fractional gold at spot, you pay a premium. A Goldback is the absolute best way to have spendable fractional gold...period. It is highly unlikely that you'll ever see a counterfeit Goldback because it would cost more to counterfeit it than the denomination printed. Same reason you never see counterfeit $1, $5 , $10 bills! FYI, Florida now has the Goldback and it is available in 8 different denominations, including a ½, a 2 and a 100.
@@smr2bgky I saw this! I am hoping to do a video on the Florida Goldbacks specifically in the future. Agree on the technology piece as well.
I have been collecting GB for 7 months now. One guy told me, "You're going to lose money on them." Me: "i hope i do, im going to keep on buying them."
Thank you for the shout out! Great video ✨
Thank you! Have always enjoyed doing business with your company. Appreciate so many at spot deals!
You guys are the best.
The idea is not to stack them, they are meant to be exchanged. The whole idea of hyper fractionalized gold in a serialized form, is to prevent inflating the currency. The utility cost is not a premium, it is the cost of development and manufacture, this is not a bad thing; the utility cost carries and it further prevents over printing if it cost more to make it.
@@SpatioTemporalEntity Good thoughts!
I love Goldbacks. This is the future of cash money.
Hope that is the case!
I love them but mainly a novelty, they're super good for getting people interested into stacking. I think silver works so well for small exchange I'd rather go that direction
Same here. Would love to see these more mainstream and at MUCH lower premiums, but, for now, fractional silver is hard to beat.
Maybe in time, after a few ups and downs on the economic rollercoaster you can pick them up closer to melt in a private sale.
In that situation, absolutely.
But between silver and MapleGarm 25s, that is plenty of divisibility.
Good thought, and maybe so! In the meantime, as you mentioned, there are other options.
I think these are a great idea. Living in the people's republic of new york where we have no freedom using them as intended is nearly impossible. However the work around seems to be open an account with upma add gold backs to the account then use the prepaid visa card to access goldbacks and convert to fiat cash.
@@johnnyb9416 The People's Republic of New York. LOL! 😂 I'm so sorry you have to deal with all that. I went to New York state for the first time a few years back. It's such a lovely state, other than NYC.
I have some New Hampshire Gold Backs. They look beautiful but the premium just kills the idea of stacking them for me. Using them as currency is difficult as the exchange rate is not universally accepted
Agreed. If you can find them at a decent price, I am all for it. But they seem high compared to other avenues.
The goldbacks are cool.
I would not stack them, but they are very neato. I wouldn't mind having one, though
Thanks for sharing.
Absolutely! I made sure to include a link to the Bullion Exchange deal for those that are interested.
I stack them. Gold goes up. Premium or not it wont matter when it comes time to actually use them.
I hope all states except them
@@Wickedstickyflowers Same!
I just purchased 5 $1's of each state myself. This is the most recent Goldback Video online. Goldbacks have reached a max of $5.09 a piece in valuation a few days ago to $4.87 today. I just purchased mine for $4.62 so I got a "deal". I'm going to make them a 10% stake in my Gold and Metals portfolio. They absolutely appeal to me, and I foresee them growing in the future as the paper bill becomes worthless.
Very well could be the case! We definitely know paper money will continue to lose value. Would love to see my state accept these as well!
I wouldn't understand anyone that stacks fractional silver for reasons of barter, but didn't stack these also. That would make no sense to me. Premium rises with utility whether is GB's or fractional metal. I think Goldbacks make a ton of sense and have recently acquired some and begun spending them at various places. All you gotta do is ask, it's amazing how many will say yes to them.
I'm glad to hear they are becoming more mainstream! And I definitely agree about the premium rising point. We saw premiums growing significantly when the silver squeeze hit. Could definitely see the same here. I am taking a bit of a wait and see approach, but am also looking to snag a few when I can and budget allows!
Love those things... just got my first set of Florida GB'S 👍🪙💰
Same here! Came in today! Plan on doing a video on them soon. Overall, very impressed.
People should look up the history of poverty each country had their own currency then one was greater than the other and that was gold and silver.
How did you get these at spot?
Check out the link in the description. Bullion Exchanges has a deal where you can get one Goldback at spot. I got enough stuff to get the free shipping.
I think these are cool to collect but not practical the gold can’t be recovered, congrats on the special edition silverback
Thank you! Thankful that I was able to get one.
LIAR! you can extract the gold. It's been proven you can, there are VIDEOS on the gold being EXTRACTED. The gold in them is more than what it says it has.
The gold can be recovered, just not feasible to do so. Third party verification reports slightly over stated quantity included.
Goldbacks have been around for 5 years now....they are just not becoming as popular as people are saying. Only 0.001 percent of businesses accept them even after 5 years of production.
Premiums to high, it's not for me, thank you anyway. THE SARGE
Stacking Goldbacks at the price of $11,500+ per oz gold is RIDICULOUS but if getting RIPPED OFF is your thing... Have at it.
I agree. If you can pick some up at reasonable premiums, that makes sense. But the premiums are pretty high at the moment.
@@KingdomSilverKC The only 'reasonable' premium is a 90% discount. I'd much rather buy 1/10 Gold Eagles than these hyper-expensive novelties.(Thanx for reply)
@@ihavetofishable Absolutely, I appreciate your thoughts. There are definitely much better deals at the moment. Would rather have an eagle or a 20 francs.
Actually I paid $4.04 per $1.00 goldback. I would need 1000 goldbacks to reach an ounce. If I had purchased that many when I did, my cost would be roughly $4040 per ounce of gold.
You don’t understand the difference between non-fiat currencies and stacking metal.
But if ignorance is your thing “Have at it”
PS: also $11,500+ /oz 😂, might wanna get to at least high school level Math.