Gold Backs, The New Gold Currency -- Jeremy Cordon

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Gold Backs, The New Gold Currency -- Jeremy Cordon​

Jun 5, 2023

20:05

Kerry Lutz and Jeremy Cordon discussed Gold Backs, a form of commodity money that is split into a thousand pieces and wrapped in a protective layer to make it nearly impossible to counterfeit. Nearly half of all small businesses approached are interested in accepting Gold Backs. Since 2019, they have become the most successful local currency in American history. They are worth four dollars each and have a 5% spread on them, tighter than silver.

Gold Back Inc. has created a product that is a series of local currencies that are tied to the Uniform Commercial Code and are exchangeable for a gold eagle. It has been sold on every continent except Antarctica and has added three quarters of a million people to the gold market in the past few years. It is sold by big metals dealers and online retailers, and more information can be found at www.GoldBack.com.

Visit GoldBack at: https://goldback.com

***Nothing to see. You can listen in 1 window, play around in bugland or surf the web in a different window.
 
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I don't believe either of these things are accurate.

" tied to the Uniform Commercial Code and are exchangeable for a gold eagle."
 
I don't know but I kinda like them and I guess am starting a collection. I have at least one of each of the first four States so I guess I have the next ones I need to buy. The artwork on these seem a bit more simplistic but I do like the 10 and 50.
 

You can "host" one of these atms, but I don't know what that means exactly...

Host a Gold ATM - Gold ATM

Become a GoldATM Operator Ready to dive into the gold rush? We’re here to guide you every step of the way. Whether you envision setting up your own Gold ATM network or just hosting a single unit, the golden opportunity awaits!. Dive in and let the prosperity begin! We want to partner with you...
goldatm.com
 

GoldATM: Turning Cash into Goldbacks​


Citizens for Sound Money (C4SM) Chairman & Founder Dr. Jim Forsythe interviews the CEO & Founder of GoldATM, Andrew Carey, about how the concept of GoldATMs came about, their plans for expansion to a city near you, and about The Sound Money Act and how Gold and Silver as money are inevitable.

C4SM is a 501c4 non-profit organization that promotes and advocates the use of Sound Money.
Please help us continue to promote and advocate for Sound Money through our legislative initiative, The Sound Money Act, which will:

1) Make gold and silver legal tender
2) Establish state depository
3) Create transactional gold and silver


Timestamps

0:00 - Start
1:00 - Why is Sound Money Important?
2:19 - Andrew Carey and GoldATM Background
12:14 - Why is Cash Important?
22:53 - Halfway
41:34 - Link of Importance
45:16 - Outro


 

Currency Made of Actual Gold Hoping to Reach Nevadan’s Wallets​

Imagine paying your grocery tab or tipping your waiter in actual gold. That’s a future that the company Goldback envisions with their golden money, which they describe as a “local, voluntary currency.”

“It’s been created to be used locally so that people can purchase goods and services if they want to accept gold as payment in their business,” said Goldback marketing manager Jeff Meigs. “It really gets people into the precious metals space that have never purchased gold before for around $4.”

One Goldback contains 1/1000th of an ounce of gold. It’s not U.S. tender, but businesses can choose to accept it as payment in states like Nevada where gold payment is legal.

More:

Currency Made of Actual Gold Hoping to Reach Nevadan’s Wallets

Goldbacks are a currency made of actual gold, worth about $4.60 each. They can be used to purchase local goods and services at businesses that accept them.
www.2news.com
 
Everything I've seen about those GoldBacks says they would work just as well as FRN's, except you know, actually be money.
 
I got one at spot from Bullion Exchange. They are nice as long as you don't pay double spot for them.
 
Forget premiums. They will be a thing of the past. I imagine there will be a small cost to exchanging things like a 1 oz bar into Goldbacks or vis-versa but that's all.
 
You can buy the FL GBs at JM for late January delivery. My son bought all of them. I am wondering if I should too? Do you think these might become collectible? Their premiums are like numis.
 
I own a few of the original issue Utah notes and they appear to have some numi premium on eBay sales. I acquired mine for the novelty - I don't really dabble with numis. I just like being able to show people that gold could be traded as easily as paper with today's technology.
 
There's a special edition one for the Florida release. They are fantastic looking and I'd like to try and get one.
 
Vastly superior to a FRN. And many advantages over crypto in some instances. I'd like these to catch on. Or some similar type gold currency. That ability to see blue through it probably changes with the denomination. The thicker ones probably can't see much through them.
 

BULLION DEALER REVEALS TRUTH ABOUT GOLDBACKS! Are You Being Fooled??​

Feb 5, 2025 #Silver #Gold #Goldbacks

My Bullion Dealer reveals the TRUTH about Goldbacks. Are Goldbacks really worth stacking? Should NEW silver and gold stackers buy them? Can you really barter with Goldbacks? In this video Silver Dave breaks it all down to an eager silver stacker in his shop--a customer who literally sold her home to buy gold! And this fascinating gold and silver stacker asks ME if she should buy Goldbacks as well! I give her my opinion on Goldbacks, but I love how Dave takes time to explain the pros and cons of buying them and whether or not he takes Goldbacks himself! Are you buying Goldbacks? Are you expecting to use them as currency for goods and services? Or like me, are you primarily stacking silver as a means of exchange?

16:59
 
Sorry but Silver Dave is just wrong here. They are competition for his small bars.

They show some at the end here and say they are selling pretty well.

 
Goldbacks are fractional gold with a high premium and arguably better utility than very tiny fractional coins/bars. They aren't necessarily a great investment for bulk stacking, but if you are wanting fractional gold for a SHTF barter world, they seem pretty practical to me. Also, if the individual states start recognizing gold as money, they might actually become useful as a transactional currency.
 
anybody else have Pat Benetar shadows of the night flash in their head when they saw the above?

 
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