Goldbacks look absolutely beautiful. You aren't going to buy 100 ounces worth of gold in them, but you don't need to - the are for trading small amounts so you only need a small amount. The premium you pay on them is pretty understandable for the high production quality.

@Silverpicker

3 жыл бұрын

That is exactly right!

@EliW95

10 ай бұрын

Yes and most of that premium is actually just to manufacture them

Yeah, definitely do a silver version.

@Silverpicker

4 жыл бұрын

Will do, Sean!

@atpro4115

3 жыл бұрын

What he said!

@bnferguson9827

3 жыл бұрын

Fucking A😀👍

@garyhawkins9733

2 жыл бұрын

Yes please

You have influenced me...I just bought four New Hampshire ($1 $5 $10 $25) Goldbacks from Hero Bullion!

I bought plumbing supplies in Orem utah with my Goldbacks! They love 💕 them there. I also bought cherries from a cherry farmer with them. Awesome 😎 easy and fun!

Wow! Thank you for this video! I have mostly been buying fractional gold in the 1 gram or less category because of the more attainable upfront cost. I was turned off Goldbacks because they advertise the premium as 70%. I thought it was a rip-off, but I've probably been paying around 70% or MORE for most of the fractional gold I've been buying since college anyway. I'm going to put a premium calculator on my phone and when I get my tax return, I'm buying the lowest-premium 1oz coin I can find and spending the remainder on Goldbacks. No reason to buy gold fingernail clippings at the same or higher premium than goldbacks. Subscribed!

@Silverpicker

3 жыл бұрын

Thank you so much! Welcome! Glad you're enjoying!

@seanfoltz7645

2 жыл бұрын

As a plus point, unlike a goldback, you at least stand some hope and chance of reclaiming your premium should you be able to unload you fractional gold slowly on eBay.

@EliW95

10 ай бұрын

Most of that premium is because of the unique manufacturing process. And besides I bet you would pay more than scrap value for a working engine

I dig how this video teaches the little unknown / unspoken of ways to stack ...i buy jewlery @ garage sales and thrift stores. Do pretty good... But the best is getting your name out there to buy from people, needing rent, or phone money, insurance, ext. Just need a smelting pot now😁. The liquor goldslauger has body safe gold foil in it...not sure if its real or how much, but allways wondered

@Silverpicker

4 жыл бұрын

Getting your name out there is huge. I have gotten so many referrals just from people knowing that I'm a gold and silver guy

@joannerobichaud5097

4 жыл бұрын

I saw a video on it, the gold is real but there is like $2 worth at the most.

I’m thoroughly looking forward to seeing this one! Thank you for sharing this information!

@Silverpicker

4 жыл бұрын

Glad you enjoyed, Patrick!

This is probably your best video so far for the masses and for the world. It's not real numismatic, but it's a lot of valuable information. I'm proud of you for having the idea and for executing it so well. Buying edible gold was a creative move. Thanks for wasting your money to make an educational and useful video! I hope this becomes your most watched, and I hope it brings in new faces.

@Silverpicker

4 жыл бұрын

Thanks Mark! I hope it becomes my most watched too lol. It's my pleasure to continue the tradition of throwing away my hard earned money to teach everyone a bit more about precious metals and coins (and maybe make them smile). Thanks for your part in making this happen as well!

This video was fun and entertaining as well as informative. Thanks.

People talk crap on fractional gold but it’s really the only way I can continually add gold to my stack. The time to save up the money makes it a challenge to buy an ounce.

@Silverpicker

4 жыл бұрын

I totally hear that. That's exactly what's good about these options

A very unique and useful study. One in silver would be helpful and even more useful. Thank you.

@Silverpicker

4 жыл бұрын

Thanks Joe! I'll look into making the silver version

Glad I found this channel. This is what I am looking for.

That was a pretty cool nugget of info!! Thanks!!

Thank you. I got my free goldback when you told me how. I'm going to get a set of all of them. Mostly because of the art work. The only stacking I do is silver coins and whatever gold I find on the steets. Ten to fifteen years ago an earing would be 1-2 bucks now more like 30-40. Peace love & jello. TomCat

@Silverpicker

4 жыл бұрын

Hey TomCat, I've also found several gold earrings over the years. It's really surprising how much some of them end up being worth. Sure beats finding a "lucky" penny lol

I've started getting into jewelry a little bit. I've discovered that scrap is a big thing. I haven't gotten into it, but a lot of people are buying lots (like auction lots) of 14k, 10k, etc, of broken up necklaces, rings with gems removed, etc, called scrap. Because of the price it goes for, I have doubts that jewelers are buying it to remake things with.

Very nice SilverPicker.... much appreciated great information!!!!

@Silverpicker

4 жыл бұрын

My pleasure! Glad you enjoyed

This is a great video! And yes I did learn some things. I have purchased some goldbacks and think they are the perfect solution for my investment purposes. My best friend thinks I'm crazy and wasting my money. He invests in money market funds, stocks and bonds. But I want nothing to do with any of that. To me that is no different than cash -- it's all fiat currency and isn't really "backed" by anything! I want something I can hold in my hand and don't need an internet connection to access any of it. For the time being, I will continue to invest in goldbacks and recommend others do so as well. But that's just my opinion :)

Thank you, Loved learning about the Gold backs 👍

Thanks for the vid - loved it! :D It's something along the lines that I would do, but you did it so now I don't have to, haha. I can and did like and subscribe for the worthy undertaking though! 👍🏼Also, on the note of the Goldbacks (pun intended), they look STUNNING and I love the whole idea and philosophy behind them! Few days ago I ordered a whole set of the Utah 2020 releases (with Goldback wallet) so can't wait to get them, admire them, and attempt to use at them at an Australian Farmer's/Craft Market. Will se how I go. Cheers! 🍻

@Silverpicker

3 жыл бұрын

So glad you enjoyed the video!! Can't wait to hear how your Goldback spending goes!

That vid should help a lot of folks out. Nicely done.

@Silverpicker

4 жыл бұрын

Thanks a lot! I sure hope it does!

Just order my first goldbacks yesterday, wish I knew buying a single 5 Utah back would be cheaper than 5- 1 utah backs but live and learn, makes sense why though just wish I knew 😂

Goldbacks and silver coins as the world reserve currency would be amazing

I would really like to see a video of you spending those gold backs. Very interesting content in this video.

@Silverpicker

4 жыл бұрын

Definitely going to make that happen!

This video that you created was so helpful, thank you 😊 🙏🏾

@Silverpicker

2 жыл бұрын

So glad you enjoyed it!

Thanks for the video and the chart at the end, puts it into visual perspective.

@Silverpicker

3 жыл бұрын

So glad you enjoyed it. I put a lot of work into this one!

Learned a good amount, thanks.

Wowser Bowser? Another Nintendo reference. First Legend of Zelda sound effect, then the Super Mario Bro’s villain. Keep it up man!😁

@Silverpicker

4 жыл бұрын

Glad you're enjoying, Joe! I like to sneak in references to other things I enjoy :)

@IvanMTG1

4 жыл бұрын

Love this as well

Great research and graphical representation of 1gm gold - this information is very useful thank you

@Silverpicker

4 жыл бұрын

Really glad you enjoyed it!

@SilencedLamb69

3 жыл бұрын

Did you mean to say less than? Because what you typed means greater than

Excellent and yes please, small silver currency solutions that aren't susceptible to counterfeiting. LOVE the Goldback and would similarly LOVE the idea of Silverback equivalents. I'll be looking to shop for Goldbacks in person using cash. Surveillance will be the end of freedom.

I enjoyed learning about this title of the investment keep up the good work

Silverpicker: Everyone can buy these North Korea: I don’t think so

@rowdyyates9037

4 жыл бұрын

North Korea can't watch jack

@Silverpicker

4 жыл бұрын

Speaking of N Korea, I actually once did a video on N Korean money!

@Lookout4the3rdrail

3 жыл бұрын

Careful

Thank you I just spend all day trying to figure out about upma and the price grain gram you save me so much time

great job on this video, I enjoyed it

lol spots already $156 higher than when the video was made

@holasoyalejandro9822

4 жыл бұрын

Skaarf Vagly lolll

@milesmiles8543

4 жыл бұрын

Yeah like wtf, lol

@christiancampbell8252

4 жыл бұрын

Already 21 dollars than that even

@Silverpicker

4 жыл бұрын

Yep, things are going nuts!

Thanks for the education pick! Loved the 1gm Panda the best! Dislike the Nadir the most! LOL!

@Silverpicker

4 жыл бұрын

My pleasure! Glad you enjoyed the video

Wow! Great vidjeo mayne! Thanks for showing us that Rashbel.com low premium site, I'll be using them for sure!

@Silverpicker

4 жыл бұрын

My pleasure! Let me know how it goes!

Goldback is the choice i :)

thank you for your time and efforts, new subscriber and will catch-up

@Silverpicker

4 жыл бұрын

Really glad you enjoyed it! Welcome :)

I have a dream , one day I will walk into a store and buy milk and bread with gold. Today I bought a stack of the new Goldbacks from New Hampshire ... I wish I could Sponsor a New Goldback Series here in Alabama. But I can support the states that have it.

Interesting and informative for a complete newbie. I'm getting a fistful of goldbacks, one or two with each paycheck, as a way to build up spendable wealth In The Event. I like them because they're well marked, hard to counterfeit, look good and even feel substantial. I'm a little concerned about durability under the conditions experienced by normal currency, but we'll see. I bought some onesies specifically to carry around, fold, crumple, launder, and even char with a torch, just to see. I'm willing to pay the premium because I'm buying more than the gold itself--I'm buying the convenience and reputation.

@Silverpicker

3 жыл бұрын

So glad you're enjoying the videos! I hear that. Would love to hear the results of the burn test

This was great! Good Job man. Goldbacks are definitely the superior fractional gold.

i really liked this video, very imformative, i just wish the X axis of the graph was arranged by increasing order of weight, that way we could more easily see if there is a correlation between premium and weight of purchased gold in these smaller values.

@Silverpicker

3 жыл бұрын

Maybe I'll make an update eventually :)

Very informative. Thanks for that!

@Silverpicker

4 жыл бұрын

My pleasure!

The Canadian 1 gram gold Maple that comes in packs of 25 is a pretty decent price. Currently on SD Bullion, you can get the 25 pack for $1735, or $69.4/gram, which is just a 13.1% premium. I wouldn't use one of them to buy some eggs and bread, but it is still a pretty cool option.

@Silverpicker

4 жыл бұрын

I totally hear that and agree with you. I should have explicitly stated it in the video, but I excluded anything that you can only buy in bulk. I didn't see any of those maples for a good price individually

@rays3995

11 ай бұрын

Can I sell u some eggs and bread for 1g gold maple leaf

@k98killer

11 ай бұрын

@@rays3995 thanks, got them🥚🥚🍞

Very valuable informations - thank you!

@Silverpicker

4 жыл бұрын

Glad it helped, Niko!

I have two 1g bars and one 2.5g bar. The math does not add up on the premiums, but I may buy a few more in the future. I didn't even know they made 1/4 and 1/2 g pieces - and a 1/10g - then a 1 GRAIN???? YIKES. Man, you took a hit for the team to make this vid. LOL... That chart you made is awesome; it really shows what the price/premium really is. Goldbacks are cool. I might get a few of them just for fun. Thanks for doing this!

@Silverpicker

4 жыл бұрын

My pleasure Cactus Jack! Really glad you enjoyed the chart, as I'm really happy with how it came out

I watched this not long after you did this awesome video..I just watched it again...!😂

@Silverpicker

2 жыл бұрын

Thanks Rita, glad you enjoyed!

Oh man I used to watch you years ago, its good to see you are still doing well. I remember there was this nutcase who would obsessively go after you the first couple years you started posting, hope the guy got help or at the very least isn't bothering you anymore.

@Silverpicker

4 жыл бұрын

Hey welcome back! I remember that guy too lol. He sort of disappeared after a little while. There will always be trolls and haters, but that guy was something else lol. Glad you enjoyed the video :)

This was very helpful, thank you

@Silverpicker

3 жыл бұрын

My pleasure!

Cool video and thanks

Great openeye video!!!

I'm have so much gold jewelry that is getting melted. I wouldn't buy on open market right now. Ty for saving me money Max.

@rogersheddy6414

4 жыл бұрын

Have it made into a nice mug, and then enameled to look like steel granite ware. That way when we get sent to the FEMA camps you might be able to keep that particular hunk of gold. Buttons are another good way to disguise gold, as most folks would think it was just shiny brass...

@Silverpicker

4 жыл бұрын

I hear that! Hope you make some good money!

We bought some goldbacks and love them. Would like to see a silver version.

@bartonmulder7228

Жыл бұрын

They do make silverbacks as well

@robertfoley-runyon7415

Жыл бұрын

Thanks. I did find the silverback dragon and got one. They’re gorgeous too.

@bartonmulder7228

Жыл бұрын

@@robertfoley-runyon7415 that’s great. Glad I could help

@bartonmulder7228

Жыл бұрын

@@robertfoley-runyon7415 bullion max sells a 5oz silver starter kit that has one in there. It’s actually on sale now.

great idea again thanks for your time

@Silverpicker

4 жыл бұрын

thanks for watching!

Great video bud!

@Silverpicker

3 жыл бұрын

Thanks Jason!

This was very cool. Love it

@Silverpicker

4 жыл бұрын

Thanks Mike!

Loved it! Silver would be a good topic. I'm a Golback guy...

@Silverpicker

4 жыл бұрын

Thanks! I will!

Subscribed! Just found your' channel! Full identity shown... that's a rarity! Great info on this video!

@Silverpicker

3 жыл бұрын

So glad you appreciate it, Matey 😉

This was great. Please more like this

@Silverpicker

2 жыл бұрын

Absolutely!

Great video I have very little gold mainly because of the price. I also keep it in a safe deposit box a the bank

@Silverpicker

4 жыл бұрын

I think that's probably a smart move, essentially what I do too

Really fantastic video!

@Silverpicker

4 жыл бұрын

Thank you so much 😁! definitely glad you enjoyed it

Very informative and entertaining.

@Silverpicker

4 жыл бұрын

Thanks!!

I have many friends that went into karatbars and before I became educated in Gold, I was going to dive in, I'm glad I hesitated

@Silverpicker

3 жыл бұрын

Smart man

Thank you yes! Please! Give us more resources to buy gold & silver ingits..

Yes, do one on silver!!

@Silverpicker

4 жыл бұрын

Will do!

Goldbacks are very interesting, I started buying cause I really like the designs. Yes would be interesting to see where Silverpicker can use Goldbacks.

@Silverpicker

3 жыл бұрын

I will definitely do a video in which I try and spend them!

@meanjab

2 жыл бұрын

I've used them in washington at antique ships and a deli. Oregon at a comic shop and in cali so far at a small coin shop to purchase a silver bar. They are still young product but as a Trucker I'm trying to spread them around and make everyone aware

I was recently in New Mexico. Most of the people I meet were really interested in the Goldbacks I had. I ended up selling all 27 of the ones I had with me.😊

@Silverpicker

11 ай бұрын

That's awesome! Hope you made a profit!

@danielbbq

11 ай бұрын

@@Silverpicker enough to get 10 additional Goldbacks.🤠

I really enjoyed this! Yes absolutely do a silver video

@Silverpicker

4 жыл бұрын

Thanks Justin! will do!

Just getting into the precious metal realm, really informative video

@Silverpicker

3 жыл бұрын

Awesome to hear, Connor! Enjoy the journey!

An important consideration is sellback value and how easy it is to sell back. For most of these items you won't get full spot value when selling them back. I think you'd be lucky to get 80-90% of the spot value for any of them, except perhaps for the coins and bars. In contrast, buying a 1/10th oz gold coin is fairly attainable for most people and you can sell it for its full spot value. In the case of American Gold Eagles, you can often sell it back to dealers for over spot. For those who can't afford a 1/10th oz gold coin, then silver is a better option than gold. You can get 1 ozt generic silver rounds for a reasonable price. You can also get fractional constitutional silver for cheaper, though the premium will be higher than for the rounds. The only gold I would consider of all those in this video would be the goldbacks. The premium on them is high, but not astronomically high. They look great, easy to store, easy to transport, and can potentially be used for barter. I'd consider some jewelry for investment, but only 24K, and only if I could get a good deal on it. Jewelry with less purity could be nice if you want it and enjoy it, but not so much for investment purposes.

@EliW95

10 ай бұрын

Not only that but the Goldback has anti counterfeiting security features that those other products don’t have, as well as the fact that the premiums are the same across all denominations (unlike a 1/10 oz to an ounce of gold coins for instance), not to mention their usability in small transactions

Great video! Can you make a video to show us how to determine the actual gold value on different items? We would very much appreciate it.

@Silverpicker

4 жыл бұрын

Great idea! Thanks!

This looks like my gold collection. Lol. Not kidding. I did get the small gold bar's in the laminated card's, but I paid $2.99 for 7 eBay bid and won. I'm now collecting goldbacks. I can afford them on a fixed budget. I can pick up a higher denomination bill send it back and exchange it for lower denomination and flip them. It's an almost 300% mark up when I flip one.😉 Just trying to hustle. Don't hate the player hate the game. Thanks for the video. It really helped.

@Silverpicker

2 жыл бұрын

Super interesting scheme! Love it!

I may be interested in the goldbacks if your looking to unload and maybe the karatbar 👍👍👍

@Silverpicker

4 жыл бұрын

I'm either gonna hold onto the Goldbacks or use them to buy stuff. thanks for the offer, though!

All good to know thanks for sharing 👍😎

@Silverpicker

2 жыл бұрын

So glad you enjoyed! Thanks for watching :)

I actually do pickup all my gold & silver as jewelry either scraps, ebay, Auctions anywhere i can, there are always deals for spot price with jewelry and in my personal opinion it keeps it’s value more than a coin in the sense that i can easily sell my gold chain i payed scrap for, at 2x the price of its value or more, rather than a coin that usually stays at the same value with the spot price maybe slightly more, for the long run id say your really depending on the price to move drastically up to make money rather than with jewelry if you pay scrap your always in your money, so great for stacking in my opinion

@Silverpicker

4 жыл бұрын

Buying scrap gold and silver is definitely an amazing way to make money. That's how I got my start in this business

Cool Video! maybe you can do a video on the 1 gram gold maple leafs

Awesome study. Five stars. Goldbacks are very cool.

@Silverpicker

4 жыл бұрын

Thank you so much! Glad you enjoyed

Very good video

I only have 1 Goldback, and I got it free because I watched your vid back in the day. Thank You!

@Silverpicker

4 жыл бұрын

My pleasure Roy!

Nice job on the video

@Silverpicker

4 жыл бұрын

Much appreciated, Ed!

Great video. Way to think outside the box

@Silverpicker

3 жыл бұрын

So glad you enjoyed it! Loved making this one

Good video!

@Silverpicker

3 жыл бұрын

Thanks Max!!

Yes, very informative and understandable. Which was the reputable eBay seller?

I do stack gold and silver jewelry from time to time. Its an alternative when the spot price of bullion gets too high. Especially when it is on wholesale...I make a profit.

@Silverpicker

3 жыл бұрын

I hear that. A profit's a profit!

Hi silverpicker thanks for the heart last vid!

@Silverpicker

4 жыл бұрын

My pleasure! Glad you're enjoying it!

I buy odd bits of scrap and jewellery...I've bought from boot sales, charity shops, a couple of times on eBay and even a local antique dealer under spot on both gold and silver Even picked up odd earrings on the ground 1 9kt gold and several .925, a broken .925 bangle and a clean .925 bracelet I sold for 2x scrap

@Silverpicker

4 жыл бұрын

Definitely great money in the random scrap jewelry. Good stuff, Jamie!

I love goldbacks!!! Great video.

@Silverpicker

4 жыл бұрын

Thanks! They're so cool right!

Definitely lots of information

Specious reasoning that you need very small gold to make small transactions. That's what silver is for, or fractional gold. Generally, I wouldn't be interested in 1/10th oz gold and smaller. I wouldn't consider buying any of those 16 "novelties.

@Silverpicker

4 жыл бұрын

I wouldn't call it specious reasoning. Silver is a different metal, and there are pros and cons to using it vs gold. Of course you could use any gold for small transactions, but having very small gold makes it more convenient. This is not a video arguing against large gold or silver. It's simply talking about how small gold offers certain conveniences and benefits and if you're interested in them, these are the pros and cons of what's out there

Wow that was one of the most enjoyable vids iv seen on gold to stack, but I love your grab bag vids. From Tasmania

@Silverpicker

4 жыл бұрын

Hey Justin, thanks so much for the kind feedback! Would love to make it to Tasmania someday! Looks beautiful!

Thanks for doing all the legwork and putting it online. I see all these items as novelties and a complete waste of money. If you want to make money with precious metals, buy stock in miners or streaming companies. Sure, buy some physical gold/silver but don’t expect to get any sort of return outside of barely keeping pace with inflation over a long period of time.

I buy wire and beads for jewelry making purposes. The business is in selling the finished jewelry at a profit, not as investments for these metals. I do, however, sell my wire cuttings and excess scrap as scrap metal and do recoup some of the costs back. I think for investment purposes, bullion is the way to go, but if you like jewelry, go ahead, buy it and enjoy it, if the price of gold does go up, it can be sold for a profit, but most places that buy it, buy it back as scrap and will only pay for the gold content at melt prices.

@Silverpicker

4 жыл бұрын

That makes sense. Very cool that you make your own jewelry!

I have a gold ring made of 10k. I was doing yard work and it got cracked. I still kept it so it good to know about the Premium.

@Silverpicker

4 жыл бұрын

Definitely keep broken gold!

Great video

@Silverpicker

4 жыл бұрын

Thanks Emmett!

Thanks to your first Goldback Video I was able to start my own collection from UPMA with a free Goldback to boot :) I would like to let you know though they won't ship the 50 Goldback bill to Canada for some odd reason I could not understand but all the other denominations are no problem. Thanks again

@Imbubbaboyd67

3 жыл бұрын

I gotta move south,The Robin Hood offer is not available outside of the USA :(

@Silverpicker

3 жыл бұрын

That's so strange. They wouldn't tell you why they won't ship that denomination?

@Imbubbaboyd67

3 жыл бұрын

@@Silverpicker This is the best answer I could get from them:(In the beginning, we thought it would work to send out parcel packages to Canada. Then we realized that it was not feasible. Hence, sending the 50 is not possible to Canada, nor is the wallet. We truly apologize for this. )

Gold jewelry, is a good way to pay less premium, especially if you go to a jeweler that you know, and pay cash only, you can get a good deal..I got to downtown Los Angeles gold district, alot of good deals..

Where do you get the low grade gold wire and or gold shot. I have a blast furnace. Could cast them into bars.

Most definitely a silver version cheers 👍

Prospecting it yourself is my favorite way to stack gold

@Silverpicker

3 жыл бұрын

That's a damn good way to do it if you can!

Great review. Small correction on the price of the 0.1g cashgold from Karatbars though. At time of writing (2 days after publishing this video) the cost of the 0.1g Karatpay Cashgold directly from the company's website is €6.38, which it only reached when spot crossed US$1900/oz. For the past several weeks the price was average €6.15 - €6.20 which is nowhere near US$17.95 as stated in the video. Im not sure where it was purchased but it was never that high from the company (theres even a price history report on the site to confirm this) which means unfortunately that someone oversold you, thus skewing the review. Another positive feature that was missed was the inclusion of security featurs such as the integrated blacklight marks. Also, the negative reference to MLM as a pyramid scheme seems to reflect a personal bias, or misunderstanding between the differences between the terms. The SEC via the Investor.gov website provides guidelines to help persons distinguish legal network marketing companies from illegal pyramids disguised as MLMs. Karatbars passes the test as a legal network marketing company. Just an FYI. Keep up the great work. :-)

@kkopernik8154

4 жыл бұрын

Semantics. Network Marketing is still MLM. MLM actually thrives/encourages on the Marketing within your Network to make sales and therefore screwing all your friends and family.

@Silverpicker

4 жыл бұрын

Hey Michael, really appreciate the response. It's nice when someone who disagrees with me doesn't just hurl insults. I read your comment, but I have scoured the Karatbar website and there were no Karatpay items available. They only had various 1g bars available and the cheapest one was 80 Euros. Can you share the link to the items at the prices you're referring to? Also, I totally agree that MLMs are legal but that doesn't make them ethical. The vast majority of people who sell in an MLM lose money because that is exactly how they are designed to function. MLMs encourage people to sell overpriced products to their family and friends (who are then encouraged to do the same), who generally buy them in a show of support (not because they want to), but once they have to find real customers, they cannot succeed and end up being stuck with the bill on the inventory they had to buy outright. This is not simply my opinion on MLMs, but rather a fact that is well documented in academic business research. Really do appreciate the comment, though