I wanted to start a recurring general to spread awareness of Goldbacks and their political implications.
===What are Goldbacks?=== >The Goldback® may be the world's only circulating interchangeable gold money. Goldbacks are created in various series to circulate under the applicable laws, and in the jurisdictions of Utah, Nevada, and New Hampshire. Unlike most gold products, the Goldback is designed to be used as a currency with interchangeable denominations rather than varying premiums based on gold content. This means that the fifty denomination (1/20th of an oz)can be traded in for fifty of the one denomination (1/1,000th of an oz).
>One thousand Goldbacks of any combination equal an ounce of gold. They may be bartered with like other forms of non-current money gold anywhere in the world, due to the fact that they carry intrinsic value. They are easier to spend than other forms of gold because they can be used in small transactions and they don't carry varying premiums.
>It is helpful to think of the Goldback as an experimental sound money project within the States that authorise it's use as such.
Why am I making this thread? >I believe that fiat currencies are on the way out. Crypto relies on electricity and global networks. Shaving off and weighing pieces of gold is unfeasible. I believe all anons should start collecting and stacking goldbacks
Can you melt them? >Yes, a standard fire assay done by a jeweler or pawnshop can easily return these bills to a liquid state
What do we do? >Collect goldbacks, legitimize the currency, bump and give feedback to this general (my first ever)
I like the idea, but I decided to just buy pure silver when I was looking into buying precious metals. My state doesn't even have goldbacks anyway.
Cool idea though, they are beautiful too.
Carson Cooper
Tell me about them? I just did my first order. Where did you get your order from?
You'll right a simple summary pasta? Thanks im kind of retarded.
Well im not here to debate gold vs silver vs goldbacks - I think everyone needs to collect precious metals. The elite don't want us doing two things: 1) Reproducing, and 2) Owning precious metals
Henry Thomas
I got a really good deal on the Arizona 1 goldback got like 10 of em for $3 each. Goldbacks a dope. Literally the only gold I own.
Unlike crypto, these can be traded without internet or electricity.
Joseph Ortiz
I got most of them through hero bullion. But I haven't bought any in like 6 months. I do enjoy them and they will totally become collectable in the future. I think completed sets are a decent investment. The premium on the amount of gold you're getting kinda pigeon hole you into treating it as a collectable more than you would think bullion. Kinda like a silver coin vs round. Idk but they're pretty and I like them.
Unfortunately consumers eat the fees associated with aurum atomical gold. I know it's not as efficient financially as simply buying coins. But I guess this solves the problem of trading coins or ingots. I mean realistically you could actually use this gold in small exchanges. Bullion and the like can't be traded for small transactions.
Dominic Thompson
How much did they cost back then?
Grayson Scott
I have one goldback I won, that is all
Joseph Baker
How did you win it? Who gave it away?
Joshua Wood
Bought them in fall last year. Pretty standard price about the same as current. But I did get alot of the 1s for like $3, should've got more for sure at the time they're like $6 last I checked. I got them off of herobullion. I check occasionally and the next deal I see I'm grabbing some. Overall I'd say I spent maybe %10 less than what you would spend today.
>goldback.com/ >one goldback $3.84 >goldback $3840/ounce >gold $1872/ounce It's ok to get collect them, one of each type to show your family the pretty pictures, but these are not good stores of value, you're losing a lot of purchasing power by getting lots of them, the premiums are massive. You would be better of getting physical gold coins or even fractional physical gold coins, even better if you get physical silver coins to help the physical silver squeeze.
smartpost brb gotta check ebay to snipe goldbacks check out fractional philharmonics if you want small denominations, the premiums aren't too bad. go for that ounce though
Jackson Perez
I was asking dumb questions in prev thread. I read a bit about it. Seems cool. Thanks OP
