I bet some folks in Venezuela would like those in lieu of shaving bits of gold off of coins to pay for goods and services.

@SilverDragons47

2 жыл бұрын

yeah no doubt and they are all 24k gold 👍🏽🔥🐉

I would love to see a video of you or Yankee actually spending Goldbacks in a retail store. It would be cool to see if the Cashier or store owner recognizes it as real money or not.

@EmmyGrace614

2 жыл бұрын

I think that Yankee is in a Goldback State so that would be super cool.

@docfate

2 жыл бұрын

It's already on KZread. Lots of videos of people purchasing food and groceries and even a Batman party rental for their kids Birthday!

@donmiles5080

7 ай бұрын

They won't if they are smart because it's a piece of gold that cost twice the actual value of the gold.

Hey SD, Stormy did a three-part interview with the CEO of Goldbacks, let a look if you haven't already. I like the idea of them as a collectable, for stacking I'm not so sure. To have a few on-hand for bartering or paying for goods/services, they have merit for sure. Definitely a personal choice on these. Good post!

@SilverDragons47

2 жыл бұрын

yeah honestly everyone has a different reason for buying gold but if you want to use it as money you really can’t heath these IMO 👊🏽🔥🐉

When I place an order for bullion, I usually toss a couple Goldbacks in with the order. They are worth the price just for the beautiful art. :-)

@SilverDragons47

2 жыл бұрын

nice that is awesome 👊🏽🔥🐉

Again, not for everyone. I have a couple just to say I have a couple. But the 1/1000 ounce goldback is the 1 gram silver bar of the gold world. Love to see a video of a merchant agreeing to accept a goldback over spot price. A previous video showed farmer's market people agreeing to accept the goldback but the amount was curiously absent.

@trulurecords

2 жыл бұрын

I accept them at the average market price.

Very excited at the prospect of a UK version of these. I heard somewhere they wish to do other countries at some point

Interesting content, I had never heard about a "GoldBack". Thanks for making this video.

@SilverDragons47

2 жыл бұрын

well thanks so much for watching! 🔥🐉

Awesome video! Love the Goldbacks. They are a really interesting project in the precious metals world because it gets people spending sound money again as opposed to just saving in it. Not sure there is anything else quite like it. Please make more!

Goldbacks are such a neat tool. Thanks!

Crazy coincidence this video because I just made my first purchase of a few thousand of these.

Thanks for the conversion tip in the other video... I made sure to order 2 50s today👍

I bought them to give out as gifts a few years back. I think they would be good at farmers markets, yardsales, etc

I like that they tick off some of the old timers on the net the most. I have each state's collection and a few piles of random ones. Figured they look good in the safe with the others. If gold were to stop being manipulated and rise in value, Id imagine it be these super small amounts would grow in demand for the regular person, hence the tech growing too.

I just bought a bunch of these for Christmas Gifts, Great Video!

@SilverDragons47

2 жыл бұрын

that is awesome nice pickups! 🔥🐉

That's a great looking pile of Goldbacks.

It is no secret that I am a proponent of the Goldbacks. Once again Silver Dragons hits the nail on the head with his commentary Goldbacks. I think that Goldbacks are one of the few if not only inflation proof currency. Right now the USD has a 6.5% inflation rate. If inflation lasts long term like it did in the 70s a person would lose $65 for every $1000 they had saved in a year. Over a decade the purchasing power of whatever cash you had would be nearly zero. Because gold never goes to zero and one once of gold buys the same amount of goods now that it purchased 100 years ago, i.e., when ounce of gold was $20 a 100 years ago it could buy nearly the same amount of stuff that $1800 can buy now when adjusted for inflation. When the USD is no longer the world’s reserve currency (notice I wrote “when” not “if”), the Goldback will still be worth something because it’s pegged to a quantifiable and verifiable amount of gold. Having a little stacked can’t be a bad thing.

Good one Caleb. 👍

Here are some ways to stack Goldbacks. 1. A stack for Christmas gifts 2. A stack for spending 3. A stack for leasing to earn interest 4. A stack for being your own banker 5. A stack for tipping 6. A stack of collectibles 7. The Prepper's mini-stack Great video, as always.

Well done. Great video. You are genuine

I understand where you are coming from. I follow my main rules: can I sell it back easily? and buy what I like, while trying to get the best value. Thanks Silver Dragons.

I love the Goldback, except for the premiums, but I understand the why.

If only Elon Musk promoted Goldbacks instead of silly meme coins.

Thanks for the informative video

when I first saw the gold back I assumed it was just a collectable. Boy was i ever wrong. They are money in the truest sense of the word. spendable money. just wish they were more widely known and accepted.

@danielbbq

Жыл бұрын

Carry some with you and ask every business you enter if they will accept them. Some will and then you're golden

Not stack but collect because I like the art, they're even nicer in person too.

@SilverDragons47

2 жыл бұрын

the artwork is awesome for sure! 🔥🐉

It's amazing that goldbacks are getting so much attention now. 3 years ago, nobody was paying attention to them

Love goldbacks. So easy to flip in the UK 🇬🇧 but I got mine framed. Do wanna get a goldback wallet with a few of each and travel abroad and see if I can use them

I like the Goldbacks as a collectable not so much as an investment. I think they're beautiful and unique.

Wow awesome GoldBack reviews video friend

@SilverDragons47

2 жыл бұрын

thanks for watching! 🔥🐉

@ocultimastacking6654

2 жыл бұрын

@@SilverDragons47 you're welcome friend

Nice video these are a very interesting form of stacking

Junk silver does everything gold backs are supposed to do but for a better price.

@SilverDragons47

2 жыл бұрын

the only issue is that there is a limited amount of junk silver. These have no limit just the amount of gold on the earth the way it should be 🔥🐉

Interesting. I always thought of gold backs as a novelty Item with a pinch of gold. I never realized that they would be accepted in every day transactions!

@SilverDragons47

2 жыл бұрын

yeah over 200 businesses in Utah take them currently 🔥🐉

@danielbbq

Жыл бұрын

As of yesterday there are now 690+ businesses officially accepting the Goldback. Yesterday at a farmers market I was showing them around and one business owner said he'd take them and he had never seen or heard of them before, so I taught him how and we did some business. It was awesome!

@Yankee_Doodle_Stacker

9 ай бұрын

you were right initially. It is a novelty.

Great video 👍

I saw these, I bought a few and have been hooked since 2020. They are so fascinating.

@Goldbacker00

8 ай бұрын

That's awesome! do you have any 2020 new hampshire's?

@icy3004

8 ай бұрын

@@Goldbacker00 Yes! Maybe not the 2020's but I think I have either the 2021's or 2022's

@Goldbacker00

8 ай бұрын

@@icy3004 that's sweeeet. how do you get yours? you know you can get them BELOW the average exchange rate right?

Love your channel bro

@SilverDragons47

2 жыл бұрын

thanks so much! 🔥🐉

Understand the hesitancy on these due to high premium but as a retired guy its an easy way to get onto gold on tight budget...just bought 10 Nevada 1's for $5 each, cheapest fractional gold coin is $200+, fifty dollars I can do, $200 not so much.

Great information

Im stacking a little pile of them. Theyre pretty cool and add a some diversity to the stack.

With current premiums on them unless you exchange them as in the video you made it isn’t worth it. Comparing 1 gold back to a 90% dime at melt value dimes are the better buy. Don’t get me wrong I would absolutely love for gold backs too be the primary bill we use. They are beautiful maybe one day we can use them to handle inflation

most of my friends know i have gold and silver, they're just not aware of the extent - that practice comes mainly from making it known that i'll cash buy any precious metals article they have if they ever need the money (i've acquired a lot of cheap junk silver in this manor, and a few gold wedding bands lol) - i used to give out silver coins/rounds as gifts during birthdays and the such and everyone seemed to love them (and a relatively inexpensive gift) - recently i purchased gb's as gift items and i get an even better response from the uniqueness of the items even though they're even less expensive (1's and 5's) - and i have a few (not many) put back

Glad you used my word "hyper- fractional" to describe them. I dislike the 50 and 25 denom gold backs because of weight, oversized, they bend on corners more and same price as a 1/20 ounce gold coin anyway. It is a 70% markup on this stuff. But with an account and willing to pay shipping or fees you can convert gold backs to cash, gold coins or split them up through UPMA. Spread the word, $4 gold "coin" at a time. Totally giftable. No way that they can make enough to replace fiat but every year maybe we can wean some people off of it. Oh, and by the way... A small stack of 1s is heavy!

Im gonna try and get me some of those!!

I am buying them when I have extra money. The reason is if the dollar collapses, these will be in high demand. Remember, the US dollar was valued all over the world in a huge way 60 yrs ago and even pre 2000 the dollar bought a fair amount world wide. These will be the same thing when fiat starts failing.

@Goldbacker00

8 ай бұрын

You can get these for below the average exchange rate too. Even when they're out of stock. I have information in my channel description, as well as my contact info if you have any questions.

We're converting what gold I've accumulated into Goldbacks. Just yesterday, as gold price was rising, I pulled the trigger when it seemed to stop, at 2,051/oz. We're in our 60's and if things don't go sideways, then we'll have them once we retire. Don't get me wrong, I'm still saving gold & silver bars/coins, for big time emergencies. But the long term savings, in Goldbacks, takes up even less space to store, than solid gold.

It adds $1100 USD to the cost of an Oz. Not very appealing.

People don't understand the fiat crap we have in our wallets. These are great to have when the SHTF

YOUR HUNDY HAS A STAR ON IT

Your hundred dollar bills were all star notes

@SilverDragons47

2 жыл бұрын

thanks for noticing 😎🔥🐉

I live in NY. I just bought some goldbacks, waiting for the delivery. I see no actual use for them here in NY. Maybe the occasional tip to someone who would like to accept it. Id never force something like this one someone as an actual tip without them knowing why its a "tip" I started buying silver thinking Id use it to barter and trade, now Ive realized my bullets and fresh chicken eggs will be worth much more than my silver in a time of true "need". I simpy stack metals for the sake of wealth preservation at this point. As well as the visual enjoyment I get out of something here in front of me that I can hold and admire. I ordered goldbacks just to have some. I think Ive hit the point of metal stacking that having some gold bills sounds like a nice addition. Something to splurge on without any real practical use in the real word. I will say this: In a barter and trade situation, having fractional gold like this would be awesome. The only problem is the person would have to know what they are.

Are there silver versions of these.& before someone says silverbacks as in reference to gorillas….. no

great video! question: by retaining the premium on gold-back does this mean if i purchase, on monday a gold-back with the premium is $3.75, and the next day the premium for a gold-back goes up, say to $4.00, which premium is retained on wednesday if i want to purchase something: $3.75 or $4.00?

I had no idea there was something like this! Where's the best place to get them?

It's possible to grade them like the banknotes or are they refused by grading companies?

Ouch, That's over a 100% premium. which you only get back if the person you're trying to pay agrees to accept it at that premium. if not then you just paid $3.76 for $1.75 worth of gold. it's a cool idea but it's really similar to the liberty dollars that other company tried to get off the ground and then went out of business

@SilverDragons47

2 жыл бұрын

completely different than the liberty dollar they talk about it on their website. Already 200 Businesses in Utah take them for the value not spot price 🔥🐉

@kivie13

2 жыл бұрын

When you go to the car dealership do you demand to pay scrap value for a new vehicle? When you buy groceries do you expect them to sell you groceries at below wholesale? People need to understand that there is labor and a cost to making these things just like everything else.

Would love to see a video of someone actually melting one down and recovering the gold...

Goldbacks are not an investment in gold; they are simply a better form of currency.

As gifts or collectibles they make sense to me, but not as a realistic option for stacking.

I received one of your silver backs free with a purchase from bullion max and it is awesome. I wonder if they will follow the same trend as gold backs.

@danielbbq

Жыл бұрын

They will. Very collectable too.

So if I'm buying 1 gold back for 3.75. And the other guy buys same thing for 4.10 how would you go about that? A little confusing. Also, supply / demand??

I've got over 1,200 goldbacks in face value alone. I absolutely stack them!

I live in the UK and have ordered some Goldbacks from a US seller. I just think they are unique and interesting and want some in the stack. Plus over here they are super rare meaning you can sell them on for very inflated prices. I found only one seller on ebay asking £13.50 ($18.05) for a 1 New Hampshire Goldback.

@eaganmount4244

2 жыл бұрын

Oh wow..

@danielbbq

Жыл бұрын

During COVID a 1 Goldback was selling for $50US each. If that is the case everyone will accept the premium.

Love goldbacks 👍🇺🇸💯

@SilverDragons47

2 жыл бұрын

yeah these are great for sure! 🔥🐉

fractional silver for small purchases in a SHTF situation??

Great video bro i stack sliver i would never buy goldbacks

Could they eventually mint Goldbacks in the State of Florida?

YES. Love Goldbacks

How long have goldbacks been around? I vaguely remember taking the Alaskan cruise back in 2008/2009 and seeing something like these being sold in some of the shops along the tour. Were those a precursor to these, or something completely different?

@soldier4488

2 жыл бұрын

Prob

@undeadaeon9992

2 жыл бұрын

2019 for goldbacks imo

I honestly wish everyone that's into gold or silver and platinum will make this the norm because with inflation imagine even if someone accept a oz of gold what if I want just groceries like who spend over 2k for 1 month of groceries

Are goldbacks legal in other states that have also allowed the used of them in their state?

My state is in the 3rd stage of printing Goldbacks. Where can I find out when they will be released?

Please make a coin shop in Gresham, OR we really need a coin shop, we don't have one.

They are nice looking and would look nice in someones collection but the premium is way too high to stack.

SD:Why should I care how much it takes to make a goldback? There is no real market for them. They are up in price only because the company owner raised his prices. Since they cost more now can anyone tell me how many "ones" I'll need to buy a new $45 muffler in that Utah shop that accepts them? And do the many freebies that were given to people and sent to dealers and the shill podcasters spend just as well?

They are beautiful

So my purpose of buying silver and gold it's to prepare for shtf. I know that the dollar is becoming devalued and I am anticipating an economic collapse. So you are saying then it is good to purchase goldbacks?

@SausageFingers420

2 жыл бұрын

If that's your play, then totally. I'm only mildly interested in these, mainly as gifts for friends and coworkers. That said, were S to HTF and I was selling something you wanted to buy, I would totally accept these.

@The-Opium-Den

2 жыл бұрын

Well, they are certainly highly portable which is something to consider if you are a prepper. A stack of these will certainly be handy and are far more divisible than comparable gold coins and bars. Even if you're otherwise ready for a SHTF situation, do you want to find yourself overpaying for stuff you need/want? I seriously doubt the people you'd be trading with would be carrying spare change to ensure you only pay for the value of the things you want. They'd probably just accept the whole coin/bar without question and expect you to pay more the next time you pop in for a supply run. Also, Shadiversity did a video about what it would be like to run around with gold coins. I know that's more for Medieval roleplay/fantasy, but that would be something to consider if you're wondering about carrying money and equipment on your person.

All those goldbacks spread out is straight up pornographic

I want a little superfractional gold for the same reasons that I want a little fractional gold.

Just an idea I just came across, they should make silverbacks in half dollars, quarters, dimes , nickel denomination. The problem is it would cost more to produce it that it really worth. Maybe they could find a way to make it cheaper. Just a thought.

Is it better to go through a broker or buy online for myself?

@SilverDragons47

2 жыл бұрын

check out my video on purchasing them 👊🏽🔥🐉

...the next Bitcoin?...

It hard to get them now

What gets me is that the ratio of a 1 goldback and a 10 or higher goldback is the same. It only seems logical that a one goldback should sell for a higher percentage that a Ten goldback and what I see from dealers it that a $1 sells at the same price as a ten dollar per dollar which does not seem right. I have not checked out higher values. It only seems right that the higher the dollar value of the goldback the lower the cost per dollar of the goldback.

Gold dealer in Virginia said he would not buy them from anyone. To him they were of no value???? Is this a misinformed dealer? I really like the idea. Small amount of gold easy to trade, sell.

@kivie13

2 жыл бұрын

My LCS guy said he would buy them.

I love goldbacks. They are beautiful works of art. However that premium is out of this world. Definitely not a stacking item.

Personally, I'm poor, yet love precious metals. Goldbacks work for me🤷

Don't even register on the devices. Why bother unless you live in those states.

@SilverDragons47

2 жыл бұрын

yeah these are not for everyone but I am happy that I bought mine and have them if I ever need to use them 🔥🐉

l just read, When Money Dies by Alan Fergusson. In it he discusses that the people couldn't fathom the concept that their marks were losing value because the prices and notes kept going up in value. Q: Are we experiencing the same thing. The dollar is going down which increases the value of our PMs. Not the opposite as we've all said.

No. 1/1000 of an ounce of gold, not worth stacking to me.

@SilverDragons47

2 жыл бұрын

as I said it is not for everyone 👊🏽🔥🐉

@S.P.C.

2 жыл бұрын

@@SilverDragons47 you did my friend. 👍🏾👊🏾

@melbournestacker

2 жыл бұрын

@@S.P.C. nek minute

I wonder if California will make their own goldback?

@danielbbq

Жыл бұрын

They've expressed interest

Meh.... I have a little over 1/2 oz in Goldbacks just to have some gold that’s easily divisible. I’m not looking to buy much more than what I have. They are nice, though.

@SilverDragons47

2 жыл бұрын

yeah I do plan on getting more when I start using them or when new states come out 🔥🐉

@billc.9389

2 жыл бұрын

@@SilverDragons47 That’s about the only time I’ll add more. Or, if my state eventually makes the list and I actually gain the ability to spend them. That would possibly motivate me to acquire more.

Not for me..... not a good value

@SilverDragons47

2 жыл бұрын

as I said they are not for everyone 👊🏽🔥🐉

@ECP

2 жыл бұрын

@@SilverDragons47 yep I heard you say that

Why does Oregon not have a gold back

How much of each goldback do you have in order to make oz of gold?

@Goldbacker00

8 ай бұрын

one goldback = 1/1,000th of an oz, so you'd need 1,000 goldbacks to equal an ounce of raw gold. but, it's worth more than one ounce of gold because of it's form. it's super fractional and able to be used as money! I've got some information in my channel description if you're interested as well as contact information if you have any questions.

I just looked for some at my two LCS last week, one didn't even know what these were and the other doesn't stock them. If an LCS doesn't even know what they are or have them, who is going to even accept these as payment? I think grabbing a few just for the artwork and collectible aspect would be fine.

@SilverDragons47

2 жыл бұрын

yeah like I said not very liquid at the LCS currently but some do take them 👊🏽🔥🐉

@cosmosaic8117

2 жыл бұрын

Or maybe you're so early you don't know what to do with yourself. Bitcoin 2010 anyone?

@cosmosaic8117

2 жыл бұрын

@Henry Womack The amount of hate I'm coming across online on forums doing further research only adds to my speculative enthusiasm. If you're willing to be a risk-taker then I could see these going somewhere special down the line. You don't have to go all in but there can be an added value to these since they are very usable for currency. I see potential like you do.

@melbournestacker

2 жыл бұрын

@@cosmosaic8117 dreams are free and I hope your right.

@trulurecords

2 жыл бұрын

I accept them for services rendered. As well as a few other tradesmen here in Arizona.

Are Gold Backs Better For Stackers Or Coin Collectors ?

@danielbbq

Жыл бұрын

Though not better they are great for spending at this point. Collecting might be good for some. They need to be promoted until half a dozen additional states produce their own.

Interesting, little gimmicky IMO. Would be a little more interested, maybe, if they had been around longer.

@SilverDragons47

2 жыл бұрын

yeah they launched in 2019. It will be cool when more states pick them up 🔥🐉

@cosmosaic8117

2 жыл бұрын

Bitcoin was considered gimmicky too...is it just me or am I staring at a Gold Mine with these Goldbacks? Lightbulbs are currently going off for me...

Have you noticed the Utah Goldbacks resale price is much higher than the others?

Seems like you could accidentally rip those gold backs real easily. But the gold coins are more able to survive handling! But congratulation to your agenda as there are not so many that stack gold back money.

@jamesgreen9165

2 жыл бұрын

They are very tough. Its 24K gold with 2 sheets of plastic is my understanding. I have some and you couldn't rip them if you tried.

@danielbbq

Жыл бұрын

If you damage one Goldback will replace it

Dang an oz in Goldbacks?? Isn’t that like $5000+? You got in early I take it. If I had the extra funds… haha. I already stocked up on a bunch of constitutional silver for my fractional purchases in shtf.

@SilverDragons47

2 жыл бұрын

yes I have a lot of junk as well but it is smart to diversify if people would rather take these 🔥🐉

@melbournestacker

2 жыл бұрын

Pretty sure silver dragons is close to a millionaire from all his merch and silver sales and kickbacks from advertising various products like goldbacks and metal verifiers.

@I_am_not_a_rob0t

2 жыл бұрын

@@melbournestacker You’re probably right, I wasn’t under the assumption he couldn’t afford it, it’s just kind of a huge premium compared to spot. It to say it’s not worth it, I think it probably is, just to have peace of mind.

@I_am_not_a_rob0t

2 жыл бұрын

@@melbournestacker And 5k is kind of a lot for me, in my current position 🤷🏻‍♂️

@melbournestacker

2 жыл бұрын

@@I_am_not_a_rob0t yeah man 5k is alot I thought my 2k splurge on goldbacks with my Xmas bonus was epic, just keep stacking brother and hopefully one day we’ll be on the otherside and not having to worry about money and the day to day struggles ever again.

New video on Goldbacks please. They look amazing and functionality makes 0 sense.