The Problem with Goldbacks is...
Рет қаралды 65,649
2 жыл бұрынAre the Goldbacks a must have for stackers or is it just a novelty item? Do these solve a problem or are they just overpriced gold? We explore all this and more in this video.
I stack silver and gold to hedge against our debt-fueled, fiat currency-based economy that I am convinced is in severe trouble. Consider stacking silver and gold yourself to help you build and preserve wealth. And thank you for watching Campbell’s Coins!
My first Goldback video: • Utah Goldback: Boom or...
My second Goldback video: • BIG NEWS for GOLDBACKS
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Topics Discussed: gold as money, goldbacks, cbdc, central bank digital currency, central bank digital currencies, gold, gold stacking, precious metals, goldbacks currency, goldback value, should i buy goldbacks, what are goldbacks, digital currency, coins, coin, gold coin, gold coins, gold bar, goldback, utah goldback, american currency, fiat, gold back currency, gold backed, legal tender, gold backed currency vs fiat, gold stacking for beginners, gold stacking on a budget, gold stacking youtube
#goldback #gold #goldstacking
@CampbellsCoins 2 жыл бұрын
A few people mentioned their comment was deleted. I'm not sure what is going on with those, I don't delete any comments. Please let me know if your comment was deleted. I'm hoping it is just a glitch with YT. Anyways, thank you as always for your time and discussion -CC
@B29p 2 жыл бұрын
KZfaq is having moral issues
@InternationalStacker 2 жыл бұрын
KZfaq censoring again, nothing new 😂😂🤣🤣😛😛🦀🦀
@CampbellsCoins 2 жыл бұрын
@@B29p I don't want to even try to imagining that work environment over there. Yikes.
@B29p 2 жыл бұрын
@@CampbellsCoins seriously, I remember reading an article about the environment. I'd be documenting as much as I could to set up a class action lawsuit. Obviously for mental abuse.
@jonsnow2864 2 жыл бұрын
Google tends to do that with comments it doesnt like. Especially if you use the K word (K-arens)
@peteralmeida3612 Жыл бұрын
QUICK FACT: It's illegal to create other nationwide currencies, but legal at state level, that's why the Goldbacks and others will always have a state name printed in them
@patricksachs3655 Жыл бұрын
Yes, but as the CEO of the company pointed out, he has met merchants who would be willing to accept a goldback from another state. That makes sense because it's still gold and could be legally accepted. The printing of the state name and the legend of not being legal tender, which it isn't anyway, is CYA for legal purposes. So the goldback can and probably will flourish interstate.
@danielbbq Жыл бұрын
I've spent other state Goldbacks in and out of my state. So, as far as the receiver is concerned there is no difference
@patricksachs3655 Жыл бұрын
@@danielbbq Exactly. Gold is still gold when it crosses state lines. Putting state names on the goldbacks is done just to avoid legal issues.
@danielbbq Жыл бұрын
@@TheRealBrownShady You might want to reconsider. They’re proving to be quite valuable…an early set sold for $3,500. Not bad for a $250ish investment.
@patricksachs3655 Жыл бұрын
@@TheRealBrownShady Goldbacks are actually fully-backed by gold. That's worth way more, literally, than "full faith and credit" of the government.
@chrisk7084 2 жыл бұрын
If the premium weren't so steep and on top of that, sales tax applied, Goldbacks would grow in popularity because it takes the currency out of the hands on the Fed.
@simplybeef8232 Жыл бұрын
You paid taxes on your goldbacks?
@gomcse Жыл бұрын
@@simplybeef8232 depending on your state there's both tax and shipping. If you live in California you have to order over $1500 of precious metals to avoid tax. Florida is $500. Other states vary. Some states don't tax precious metals at all.
@simplybeef8232 Жыл бұрын
@@gomcse I hate taxes...I feel sorry for people with state tax
@fochdischitt3561 Жыл бұрын
@@simplybeef8232 Render to Caesar what is Caesar’s. That being Caesar's worthless fiat currency.
@cokemillion Жыл бұрын
That is quite the hurdle, but once there in circulation that isn't an issue anymore. It just takes someone willing to accept a loss to get these in circulation and popular.
@mr.monitor. 9 ай бұрын
The claim about them replacing damaged goldbacks is 100% true.
@fatnstupidstreams5959 Жыл бұрын
I use them as a way to save money, it's not easy to spend them which means I can actually save money easily.
@Ioganstone Жыл бұрын
Like the PS5 at the beginning of its cycle
@DavidThompson-yr1re Жыл бұрын
Same here!
@MarkMphonoman 6 ай бұрын
Not a good idea if you are trying to accumulate wealth
@fatnstupidstreams5959 6 ай бұрын
@@MarkMphonoman I don't trust banks.
@user-py7uk9ji5w 6 ай бұрын
@@MarkMphonoman so what is a good idea if your trying to accumulate wealth
@ndrthrdr1 2 жыл бұрын
I would accept a Goldback confidently from a stranger, confident that it’s real gold.. A gold coin or bar from a stranger? Not so much. In fact, not at all.
@CampbellsCoins 2 жыл бұрын
Interesting
@mekz26 2 жыл бұрын
I would also accept a GB before a scratched off sliver of a gold coin for that $15.75 purchase.
@jamesm1 2 жыл бұрын
how about a 2021+ britannia?
@CCM2361- 2 жыл бұрын
Good point
@simplybeef8232 Жыл бұрын
Given enough skill and machinery can't a person mimic this at a fraction of a price?? There are some smart assholes in this world
@Kinosis79 2 жыл бұрын
Goldbacks aren't for stacking, they are made to be used.
@CampbellsCoins 2 жыл бұрын
Exactly.
@dwightsmith5174 2 жыл бұрын
Seems almost everyone misses that point. Ergonomics, usability, are key factors.
@reginaldprice5856 2 жыл бұрын
The gold back is like any other precious metal purchase. Buy low sell high. But the convenience of using a small denomination of gold without trying to shave a portion of a gold bar, just make it more sensible…
@TheLayawn Жыл бұрын
@He who must not be named With 1# goldback you can verify its real by looking at it. While with gold coins or bars you need expensive x-ray machine, shavings, chemicals, etc. you could buy a gold coin, hold it for decades only to find it its full of chocolate lmao. So you have to add testing equipment, expertise and risk to the premium of non gold back coins. Also if used in commerce as it should be, the premium is irrelevant because its passed on. enjoy your chocolate coins no premium discount coins on crags list genius. It always funny how arrogant people with limited thinking capacity can be.
@PHUCKyoutube689 27 күн бұрын
@@TheLayawn Nah a ping test comparison against a known acoustic signature of the coin will tell you if it's real, along with the dimensions and weight.
@jy9383 26 күн бұрын
Small denomination? That is what 90% silver is for. Gold is for wealth preservation.
@jy9383 26 күн бұрын
@@PHUCKyoutube689they just want you to join the pyramid goldback scheme lol
@memphiskennedy9541 Жыл бұрын
This is sound, solid, no bank fees. The bankers can't fuck with it.
@robertdaniel6044 Жыл бұрын
Problem solved: It appreciates in value over the LONG term. As long as it keeps on doing that, it's a lot better than state currency.
@covered1983 7 ай бұрын
Is not medicine, food, energy going to more valuable than gold laced paper? Would you honestly trade tour medicine for a piece of paper?
@MartinD9999 7 ай бұрын
@covered1983 You would. Because I am willing to bet you’d trade your medicine or food NOW for mere Greenbacks if the price was right. Ain’t no way you’re turning down $1k cash for something like antibiotics. So if someone offers the same in Goldbacks, how many fools will turn down that offer in Goldbacks?
@covered1983 7 ай бұрын
@MartinD9999 I would not. As one who believes economy will fall and I need to be able to eat to love, paper is worthless to me. That's just me. Maybe I'm wrong but I won't regret not buying any. I've got medicine for trade if I really need something. There will be more commodities than paper that be valuable. Depends on what people's needs are.
@user-xu5dp9sb4g Ай бұрын
@@covered1983 You realize food and medicine expires right?
@aaronpaolilli8578 2 жыл бұрын
Actually, it is Legal in the State of Utah because it is "Sound Money" and we must never forget that the Powers not granted to Federal Government by the Constitution are reserved to the States and the People Therein.
@AllThings357 Жыл бұрын
I bought some of these, 10 of the $1 New Hampshire series. I did not buy these for “stacking” or to use as trade or barter (well maybe if the economy completely falls apart). I bought them purely as a novelty/collector item, they are something completely new and different and in my opinion “art”. Much like SOME of the colorized coins. Many are gaudy crap that ruined a piece of silver…. But some are actually very nice to look at. That’s how I perceive Goldbacks also.
@michaelmohrle1773 Жыл бұрын
Me too, isn't old US paper currency worth some big money? It's the artwork and the gold is a bonus.
@jnickence 10 ай бұрын
First and foremost, I honor and respect your opinion. That being said, NFTs exploded in value as an investment in art. If I were to buy Goldbacks, that would be the only reason. As a collectable.
@Nightenstaff 8 ай бұрын
@@jnickence You can refine Goldbacks back into gold if you really wanted to -- not sure NFTs would produce the same desired outcome.
@joelrojas2609 Жыл бұрын
the main point of having goldbacks, regardless of the price difference, is to have another purchase option in the event of an emergnecy when people will not accept dollars.
@silverlocomotive9127 2 жыл бұрын
As a stacker you have to stop wrapping your head around the premium. It’s a hedge against inflation and our current fiat currency as we know it. Buying from say APMEX or eBay is stupid. The Goldback can be purchased from many other sources close to if not the exact same as quoted on the Goldback site. The purchase price is pretty much equal to the value of goods it can be exchanged for. If gold goes up so does the purchasing power of the Goldback. Not meant to be an investment in gold or for stacking!
@CampbellsCoins 2 жыл бұрын
When it comes to a 300+% premium, yeah people should be very concerned. Over regular bullion, I agree. Premium shouldn't factor especially considering money printing and market manipulation.
@silverlocomotive9127 2 жыл бұрын
@@CampbellsCoins it needs to be thought of as a “gift card” backed by gold. One Goldback purchased for $3.70 will get you $3.70 worth of goods. Depending on fluctuation in the price of gold of course. This concept has the potential for a Goldback to yield more purchasing power than fiat currency if we all hold the belief that gold should be valued higher than it is. Again i have never purchased them from a third party on line retailer. They’re a rip off. But who knows. Buy a few hundred in goldbacks today and maybe in a couple of years it may have double it’s purchasing power.
@jasonmorris159 2 жыл бұрын
Wheres a good place to buy goldbacks?
@adkfolk3725 2 жыл бұрын
@@jasonmorris159 I just ordered a bunch from JM Bullion, $3.87 per.
@mekz26 2 жыл бұрын
Finest Known is the best current location. $.50 below premium
@danieljohn3438 Жыл бұрын
everyone knows gold is expensive and therefore is valuable.
@ALFAJERKBFH 2 жыл бұрын
Your Cons don't scare me. I like goldbacks. They look cool and no one is going to handle it enough to damage it. Everyone I show would rather have those than coins.
@CampbellsCoins 2 жыл бұрын
Glad you like them!
@jonsnow2864 2 жыл бұрын
Here's something to think about: In the Constitution of the United States of America (the Supreme Law of the Land), it is written that the States shall make nothing but Gold & silver COIN (as in physical metal) legal tender for transactions & the payment of debts. Next ask yourself, when did the USA stop using silver to make its coins? When was the dollar taken off the gold standard? What has happened to the value of the dollar since? Why are they now pushing everyone into "cryptocurrency," which is UNCONSTITUTIONAL by the way, instead of reverting back to gold & silver? Wont crypto make everyone MORE dependent on or susceptible to things like phones, chargers, internet & electricity blackouts, EMPs (solar flares, etc)? Wont crypto make it easier for hackers & governments to spy on & enslave everyone? When the power goes out or disaster strikes do you really think people are going to choose crypto over gold & silver..? Just food for thought.
@catherineb. 2 жыл бұрын
THIS is why I have a hard time trusting cryptocurrency. It's completely DIGITAL. Also, it's not decentralized b/c you need a bank account to buy the cryptocurrency from the exchange sites. So the govt/ hackers will have access to your banking information. Also, many of these cryptocurrency exchange sites have been hacked in the past and user data has been compromised. I'll stick with cash.
@maxb.244 2 жыл бұрын
Can you tell where in the Constitution it says that so I can look that up?
@skipondowntheroad5833 2 жыл бұрын
So your argument against cryptocurrency is that it is "unconstitutional" because the "states shall make nothing but gold and silver coin legal tender...". Well the "states" did not create Bitcoin so the states are not in violation of the constituition or any laws. Additionally the anonymous creator of Bitcoin never declared Bitcoin to be legal tender so he/she/it are off the hook.
@mekz26 2 жыл бұрын
Amen brother.
@bitcoindude9271 2 жыл бұрын
Eh, but certain laws can be created at the federal and state level that allows private entities create their own currency. Then the federal and or state governments can recognized those currencies as legal tender. They already have the digital dollar. It is either fiat or something that is recorded on the blockchain. The ones on the blockchain are known as stablecoins. Stablecoins can be backed by whatever at the moment because there isn't regulation on it yet. Even though the federal reserve is private, it is not audited, so I think. The majority of stablecoin issuers are audited either monthly or quarterly by third parties. You can actually spend these stablecoins right now using the coinbase card.
@InternationalStacker 2 жыл бұрын
Ok gonna try this again, really hoping the first time I posted this it wasn't deleted and was just marked as spam or something. I really liked this video and you made some great points. Here is my perspective. I was one of the first if not the first KZfaqr to reach out to Gold Backs when they were new and interviewed the CEO. Here are some salient points he made, which I had covered in the video I first made about Gold Backs that I think addresses some of your concerns; 1. He made the point that these are for activism, to get gold circulating where the public will be exposed to it. He made the point several times that they were intended for spending and not stacking/hoarding. However, it does also give people access to fractional gold with much smaller budgets who cannot afford a gram etc. Noting that, even with gold and silver the smaller, the fraction you get, the higher premium, which is why I always buy dimes (90%) when I can if the same price as other 90%. 2. He noted they used a bill because that is what the public is most conditioned to, thus, they thought it would be most likely to be adopted and accepted by people. I get your point about ware, I actually creased one up and washed it in a washing machine in the first vid I made :D 3. My opinion on Apmex prices Once you make a sale to a company like Apmex, it is impossible to control what they list it for, especially if you are a small company. Apmex will also increase the price of coins as their supply is depleted, I call it dynamic pricing. I don't like that obviously but private companies can do what they see best and the market forces will be the judge. Anyways, that is my opinion and what the CEO told me when I first interviewed him. Do I think Gold Backs are good for stacking? No.... Do I think they are good to get exposure of gold and silver to the general public and possible get them to become stackers? Or at least possibly support gold and silver legislation? Yes! :D Final note, I like GB's for GAW's, as it makes it way easier for me to give gold out to more people without the cost of whole grams. I hope that makes sense :D
@patrioticstacker 2 жыл бұрын
Good pointers IS 👍🏻🦀
@CampbellsCoins 2 жыл бұрын
Thanks IS! I'm not sure what happened to your original comment. Another viewer noted their comment was deleted too. I'm not sure what's up, maybe just a glitch with YT. I never knew you made a video on the subject but I heard rumors of someone washing it in the washing machine. Now I know it was you! Haha. I spoke with Jeremy too and agree with you and the points you mentioned. As for Apmex, I'm only mentioning that as a lesson to viewers to shop around. Thanks for the thoughtful comment and info, it's greatly appreciated! Thanks for watching man!
@InternationalStacker 2 жыл бұрын
@@CampbellsCoins the real question is, am I now a money launderer?!?! 😱😱😂🤣🤣😛🦀🦀🦀
@CampbellsCoins 2 жыл бұрын
@@InternationalStacker Figuratively speaking maybe. Realistically, seems like it, but I don't frown on it like some alphabet bois do.
@timyates807 2 жыл бұрын
great points thanks
@rakly3473 Жыл бұрын
If they would make them "stateless", they'd be in jail by now.
@CampbellsCoins Жыл бұрын
Yup
@SouthernFryd Жыл бұрын
Nope. Gold is gold. And is legal tender anywhere...regardless of what you write on the gold. Gold is gold.
@rakly3473 Жыл бұрын
@@SouthernFryd It's illegal to make your own USD currency. That was the point. Hence they have to be registered and can't be 'stateless'. It's the difference between a gold coin, and a 'round'. A round has no USD value on it.
@AlohaStacker 2 жыл бұрын
I agree so far on this topic! I buy one of each to collect, but that is about it for now... They are also not a bad gift if you buy in bulk since you can get them much cheaper...
@CampbellsCoins 2 жыл бұрын
Great point Aloha. Buy in bulk and from the right vendor, it's not as painful.
@mrg7407 2 жыл бұрын
IMO. I Understand the Premium and Technology. I have NO Problem with that. The Problem I have is the constant loss when you buy and use the Goldback. You loose TWICE Too many prices on the buy and sell from Dealers and retailers makes it not a good investment. IMO there should be NO denomination. The Price is Spot ($1,875) x 2 (Premium to Manufacture) / 1000 (Weight) So a Goldback should be exchanged everywhere at $3.75 The Technology is Amazing and worth every Penny. Get rid of the "Dealer" and sell direct and 1 buy/sell price only. Just a thought
@jamesm1 2 жыл бұрын
Totally agree. I think at the rate they are expanding though they may become more of a medium at least fluid for coin and pawn shops in a decade or so. Biggest problem is definitely the lack of sigma testability. That's an advantage those notes with a gram or smaller bar contained in a small laminated window on it, which can be cut open if desired.
@valhalla3626 Жыл бұрын
I still buy coins to stack but I like to look at the Goldbacks like cash. I have money in my savings account, my checking account, and my cash on hand. I never have a lot of cash on hand, but I like to have it at all times just in case. Plus, if gold goes up 10x one day... Goldbacks will be $40 each which is still more spendable than any coin. I've seen too many counterfeits in my day to trust those tiny coins anyway...
@farnsmark 2 жыл бұрын
They have a premium- silver coin has a premium? When gold hits 10,000 an ounce this is the only gold most could afford? Even now most of us can’t afford gold! Yes they are a bit of a novelty but it’s the only way we could afford to give our grand kids some gold! Remember in 1930 a gold coin was valued around $20 now $1800 so at $3.50- $5.00 maybe they are worth a gallon of gas in 20 years? I like them and buy them periodically.
@CampbellsCoins 2 жыл бұрын
Glad you like them!
@OculusVector Жыл бұрын
If I worked in the service industry, I'd take Goldbacks as tips over b.s. fiat paper money any day of the week.
@rebeccaaldrich3396 2 жыл бұрын
I just found out about these and I am grateful for this video. Thanks!
@CampbellsCoins 2 жыл бұрын
Thanks for stopping by!
@joesmith2505 Ай бұрын
" People don't want Gold...they want to eat."....Dave Ramsey
@CampbellsCoins Ай бұрын
IF you want to do well in life, don't hinge your decisions based on what Dave says. People can walk and chew gum at the same time. They can go down multiple paths. He only views things from an ROR perspective. My firearms have very little ROR in terms of dollars but I sure am glad to have them. I can buy many things with gold, including food.
@TwitchRadio Жыл бұрын
I only got a few Goldback for collection not investment.. I do think they're very beautiful, premiums are too high to stack them... one thing I do with gold backs that I have for trading.. is I take them camping with me when I'm out in the middle of nowhere... I have traded with other people who are out there doing mushroom Hunt's as well.. ran out creamer one day and paid them into Wyoming goldback for the half of bottle they had and 4 AA batteries 😂... so yeah they do have a good use... I just wish they are closer to spot but I understand that they can't be
@davidsack7488 6 ай бұрын
You've cleared my thoughts up for me concerning these!! Thank you!
@CampbellsCoins 5 ай бұрын
Glad it was helpful!
@4ninefine199 2 жыл бұрын
"Gold Backs" were never intended for "stackers". Their intended purpose is for commerce, as is implicitly stated on their websites. Though not "perfect" my personal opinion is that they are a Good Start ! 😊 but I seriously doubt that they will catch on to the masses. Only a No B.S. Digital P.M. backed and stable "coin" can compete with the currency as it stands today. Again, just my personal opinion...
@CampbellsCoins 2 жыл бұрын
Yep, I agree! Thanks for watching!
@davidortiz3094 2 жыл бұрын
That is why it is heavily applied to spend it in your community so people become more aware of it. Gold is Gold. People always accepted gold.
@danielbbq Жыл бұрын
There are now 4 states that issue their own artwork in the Goldback, there are 14 other states in some form of producing their versions so things are happening. Also, there are 4 other countries issuing their form on the GB. Times are changing.
@imxploring Жыл бұрын
Excellent video and review! I completely agree with the silver coin angle.
@CommonCents.999 2 жыл бұрын
I appreciate the honest review and not just a paid advertisement to push a product
@CampbellsCoins 2 жыл бұрын
Thanks CC.
@ZXcross 2 жыл бұрын
While I can see your point, I see one feature of the goldbacks that you missed. A goldback looks like money, something that really shouldn't be under estimated when it comes to getting people to view it as such. While most people don't consider metal as money, they do understand gold is valuable on a scale far greater than silver. As a result, I expect the sight of a goldback will likely bridge this gap for most people. I may be wrong, as this is currently untested
@CampbellsCoins 2 жыл бұрын
That's an excellent point! The design is probably meant to elicit a subconscious connection. Now I want to get a pile of these to test out this theory haha. Thanks for watching!
@rivmitch7181 Жыл бұрын
I bet 10 Goldbacks in front of someone would get you further/more than a gram.
@kuderpaul Жыл бұрын
Thank you for the video...nicely done!
@CampbellsCoins Жыл бұрын
Thanks for stopping by!
@lexoshotline405 5 ай бұрын
So I recently purchased gold to have her back up if we ever have economic crash. I just have a feeling that one day when there's no more physical money having any type of gold will be your safety net
@capt.jackoffgrid 2 жыл бұрын
Love goldbacks 👍🇺🇸
@CampbellsCoins 2 жыл бұрын
Nice! Thanks for watching!
@privatecitizen4001 Жыл бұрын
The main problem is one 5$ bill is worth far less than five 1$ bills
@MarinaJBoyd Жыл бұрын
Worthwhile analysis, but I'd say that with regard to the premium to buy (which I also considered), but I see it as no different than going to on store for chips and paying $3.79 a bag, while another store charges $5.29. If I walk the same distance in different directions, I can find such pricing differences. You may be a bit young to remember how much banking USED to cost, and all the while, I was steady complaining that the bank shouldn't get paid to hold my money. As far as I'm concerned, the biggest issue with goldbacks is educating merchants. I look forward to negotiating to buy a used car with gold later this year.
@CampbellsCoins Жыл бұрын
Thanks Marina!
@calebfast8088 2 жыл бұрын
Took a lot of educating for people to understand when I gave these as gifts. I love these, but after that they're not the best currency out there. Not yet, at least!
@CampbellsCoins 2 жыл бұрын
Hopefully, more people learn about gold! Thanks!
@CuSTACKS Жыл бұрын
Excellent points. I purchased some was thinking of more, but I may have to hold off again good points. 👍
@TXLionHeart 2 жыл бұрын
Goldbacks are a great medium of exchange. I'll gladly accept Goldbacks as payment at my business; heck, I'll offer anyone who pays with them a big discount.
@tonymaquero5417 Жыл бұрын
The fact that people don't comprehend the value of a silver bar & take the chocolate bar instead is everything that is wrong with this nation.
@CampbellsCoins Жыл бұрын
One of many. Thanks for watching
@the_real_economics 2 жыл бұрын
I actually give thumbs up to goldback. I believe if a market could freely issue private money (of real value) and market participants would be able to freely use it, there would probably be much more competition in the are of goldnotes and eventually there would probably not be such a high premium. On the other hand, why is there a premium? Because we exchange FIAT money for gold in the first place. If we were actually on real classical gold standard (or I do not know what it is called when actual base currency is made out of gold) there would be no need to exchange FIAT money for gold coins/notes, because we would already be using it. The only instance where I could see paying a high premium would be probably a situation where I would e.g. pan gold or found a nugget and wanted to convert it to actual gold coins/notes of standardized size/weight by selling it to the e.g. mint or private money producer. In that case I can understand, that out of 100g of gold I would be given I dont know 90g of gold coins/notes, 10g would be kept by the mint/private producer for providing me with such a service and that would be his premium. I hope it makes sense.
@usptact 2 жыл бұрын
Agree with most points. I see goldbacks as great gifts, tips and general conversation starters. Way too many people don't know anything about precious metals and why even bother. If you buy goldbacks, they're meant for giving away.
@CampbellsCoins 2 жыл бұрын
I like that attitude. Thanks VD
@bladesilver7190 2 жыл бұрын
I like them and collect them...its still gold
@CampbellsCoins 2 жыл бұрын
Good! I'm glad you like them.
@alexjimenez8545 2 жыл бұрын
I agree that most of the public is apathetic to precious metals, but receiving a goldback would definitely change that. Especially in the inflationary time we're in. Without a physical option, digital currencies are a control method. Goldbacks will go up in value with inflation while minimizing counter party risks.
@LizaJane84 11 ай бұрын
Using the one note for tips Is the best way to get them flowing through the economy.
@alexjimenez8545 11 ай бұрын
@@LizaJane84 Good idea
@davepetro5676 Жыл бұрын
I have gold and silver but it cool to have some gold back.
@ewetho Жыл бұрын
My sister knew nothing of these and got her some for Christmas and was a Very Big Hit she loved them!!!!! Use them as a partial tip so the waitress or waiter gets a decent tip but the Goldback makes it a good or great tip. Then they can look them up and learn….
@user-pm4yc1ul5h 6 ай бұрын
Bottom line. Goldbacks are gorgeous and a viable option to us poverty people who would like to feel a little good about ourselves with a tiny bit of gold.
@BDPershing Жыл бұрын
Issue with gold coins and bars is ease of carry. A set of gold/silver coins and/or bars. Are not that carriable, for they are bulky and concentrate the large sum of metal that can't be split. The good thing about a gold/silver note is that it's a smaller amount that allows for an ease of exchange. Exchanging a gold or silver coin means you normally have to purchase more or attempt to deduct the leftover value. Be it a 100%, 90%, 40%, etc coin/bar.
@CampbellsCoins Жыл бұрын
A silver dime almost has a much value as a GB. You're telling me a few silver dimes and quarters are not easy to carry around? I don't think you're being too honest here.
@BDPershing Жыл бұрын
@Campbell's Coins does a silver dime or quarter have its value labeled on itself? A silver dime or quarter looks just like any other dime or quarter. Be it 90%, 40%, etc. It does not tell you it's x amount of gold or silver right on the face. Give a silver quarter to anyone they'll give you a value of a quarter. Because that's the value given to it by government. No matter the fact, you can estimate the value to be more. It can only be done by weighing and then examining the coin. Also, any pure gold or silver coin with a label of x purity normally is placed in a coin protector to preserve that value. Just like a gb, yet the volume taken by that protector makes that circular object not as convenient to carry than a flat bill. It's the same reason people would rather carry 1 dollar over 4 quarters. Rather, carry a 5 dollar bill than 5 1 dollar coins. They become inconvenient to carry since it's not a flat object. Because they naturally start stacking horizontally in the pocket. They make noise when walking around.
@TheEvilCowboy 2 жыл бұрын
I own ten from each state I bought with the mindset that maybe one day they will become popular and household names . Right now it’s one hundred percent a gimmick but the tables could turn I think I’ll add one here and there to cover shipping on my orders .
@CampbellsCoins 2 жыл бұрын
Very nice! Thanks for stopping by!
@tonyneville4425 2 жыл бұрын
Good idea just top up an order with a couple
@davepetro5676 Жыл бұрын
Even small business around NH are using them
@williamschmidt4604 2 жыл бұрын
I’m buying one of each, I like the artistic value of each, I think one day they may have a collectible niche, maybe even a numismatic value
@tonypittsburgh9 2 жыл бұрын
Some good points, but IMO, I have started to buy some. Major lifestyle change the past few weeks for health so instead of going out 4-5 times a week for a few drinks and an appetizer which runs 25 dollars a night, I will throw $$ away and buy these instead
@bullionaddict9164 2 жыл бұрын
I only own one Goldback that was free. I agree they do have very beautiful designs and wouldn't mind having more. A great point that you made was the varying premiums and the loss that one would incurre if using them to try and purchase something at the rate of exchange. If this could be resolved I believe that they would be more viable. I would however venture to say that they would be useful in Venezuela and Turkey at this time.
@CampbellsCoins 2 жыл бұрын
Same here BA! I got the free one during sign up, that's all I need. These have been out for awhile, you'd think they recognize the issues and correct. I love when people ask when in history gold and silver is used as money, not recognizing it's happening more and more on a yearly basis as the system slowly falls in on itself.
@bullionaddict9164 2 жыл бұрын
@@CampbellsCoins here in America people are ignorant to the value of true money and instead rely on debt. It's been so long since the U.S. has used real money that no one remembers it or its true worth.
@bullionaddict9164 2 жыл бұрын
@Questilquatl Quetzal the Bible does say that (The Borrower is a slave to the lender.)
@mekz26 2 жыл бұрын
How long before one can add the US to that list. I purchased a more $.50 below premium. Shop around?
@JoeyJ1984 Жыл бұрын
@@CampbellsCoins I just watched a video of one of the owners saying GB is a 50 million dollar company... after just 3 years! Why would they bother correcting?
@shawnlavigne9069 3 ай бұрын
Gold backs are the brainchild of someone who wants to make lots of money.
@station08 5 ай бұрын
Forget gold backs. what we need is "private currency" (nontaxable) and "business currency"(taxable) money. There is no "income".
@station08 5 ай бұрын
Physically different currency. Public / Private.
@acballer1831 2 жыл бұрын
Very good points thanks..
@bast3116 Жыл бұрын
I think the gold back alpha series is good buy as risky invest but could be highly collectible later 😉
@SilverSceptile Жыл бұрын
I bought some Wyoming gold backs in rapid city on my way back home from Yellowstone I wasn't too sure about the until I bought some I just got some more in the mail today and ordered more
@truhartwood3170 Жыл бұрын
The problem with using silver *and* gold is that they don't currently enjoy a mandated ratio. So if you wanted to use silver for smaller purchases and gold for larger ones, you wouldn't be able to say how many silver coins equal the gold coin for example, because it would be changing constantly. That's a big factor the goldback fixes because it's all now in just one PM. I would personally do clear plastic coins with the flake of gold visible inside. Durable and cheap (low premium) and easy to extract the gold if you wanted to.
@MartinD9999 7 ай бұрын
<a href="#" class="seekto" data-time="170">2:50</a> It would be a federal crime to make a “stateless” currency because the government would deem it as a competitive currency and that is illegal. So they had no choice but to make them designated for individual states.
@commoguru Жыл бұрын
People switched to paper currency because it's easier to carry & doesn't clank around in your pocket.
@patrioticstacker 2 жыл бұрын
Good finally not a stacker that turned sell out!
@InternationalStacker 2 жыл бұрын
LOL! That's not very nice! XD Check out my comment above, I think you will find the perspective interesting :D
@patrioticstacker 2 жыл бұрын
@@InternationalStacker 😂🤣😂🤣😂🤣 not you bro but there are a few that are pushing these goldbacks on the community.
@InternationalStacker 2 жыл бұрын
@@patrioticstacker 😂😂🤣🤣😭😭😭😭🦀🦀🦀
@spencer26ish 5 ай бұрын
Valid point that’s exactly felt back in 2019 seemed old only Utah at the time
@perilousrange 2 жыл бұрын
I agree with your concerns completely. I want to love Goldbacks, but I can't, for all the same reasons. The fragility is a real issue. It's almost like trying to conduct commerce with baseball cards. Yes, you could armor them... But because of condition, they're not fungible anymore. Fungibility is critical for any money that's intended for general commerce.
@CampbellsCoins 2 жыл бұрын
100%. Thanks for stopping by!
@mekz26 2 жыл бұрын
Then on that theory, any currency can be counterfeited.
@Ioganstone Жыл бұрын
@Questilquatl Quetzal On the site there are 3 ways of telling one of which is XRays.
@valhalla3626 Жыл бұрын
@Questilquatl Quetzal Well they have the patent and the trademark, so.. that's not really true. Also from what I've read it's more difficult to counterfeit than the dollar or a coin because the process is so heavily guarded and difficult to reproduce.
@valhalla3626 Жыл бұрын
That's true. Hope they can make them more flexible going forward. Would be so cool if they could.
@NathanKrausch-sb4rt 10 ай бұрын
Start your own bank that takes only gold back
@ericferguson9989 Жыл бұрын
A friend of mine was handing them out as gifts. I might buy a few more just because of the coolness factor.
@SilverOceans 2 жыл бұрын
I have 7 or 8 goldbacks, half of them people sent to me, and I bought 3 of them myself. They are fun to collect, but the premiums are definitely high. 🔥🦈🌊
@CampbellsCoins 2 жыл бұрын
They are cool to collect. I think they would be neat to frame and hang in an office.
@theanonymousprepperchannel 2 жыл бұрын
Bought some today for an emergency. I figure a few of these would never hurt. If times got hard.
@GregVasquez777 2 жыл бұрын
Thanks for honesty, especially for us who know nothing. Question. If we have some of these and hard times come, will they be worth more?
@CampbellsCoins 2 жыл бұрын
I don't know if they would be worth more. If it came down to transacting in gold and silver, I think people would view them only in terms of their gold value. If the value of gold goes up, these would too but they won't be worth more than other forms of gold in that type of situation.
@MattDeckard 2 жыл бұрын
The gold definitely flakes off. I had one in my wallet for a couple months and the gold flakes where it creases. If it can’t hold up as well as a paper dollar that I can keep in my without the value flaking off it’s just a collectors item.
@CampbellsCoins 2 жыл бұрын
Wow. Not surprised but still disappointing
@MattDeckard 2 жыл бұрын
@Questilquatl Quetzal 2020. And just kept it in my wallet like a regular bill
@mekz26 2 жыл бұрын
The dollar also flakes off. It’s called inflation !
@bambam6537 2 жыл бұрын
@@mekz26 yeah man! Haha!!!
@rickstalentedtongue910 2 ай бұрын
You need a wallet specifically for these bills. They are intriguing.
@terry58501 3 ай бұрын
Just saw some goldbacks in a gold and silver exchange in Mandan, ND. You made some very good points.
@eb5671 2 жыл бұрын
I agree with your points. Thanks.
@joecj840 Жыл бұрын
I agree with what you are saying. A gold and silver certificate that you can exchange for the physical product would be a more attractive solution as it would eliminate the exorbitant premiums associated with gold backs. Daily transactions would be based on the posted online exchange rate and the local state government would be the proprietor. The amount of certificates issued would be commensurate to the amount of precious metals held down to the gram. No funny printing of naked certificates. It would be a gold backed system based on a floating exchange rate reflecting the market volatility (i.e, inflation) and not on a fixed rate. But then again what would the implications be for the US dollar by such an honest system? Will it be confined to that state or will it spark the beginning of a larger movement that may seriously endanger the current order?
@dubasciver3234 Жыл бұрын
Thanks for your video. I too wondered why we just can’t use silver as fractional money. That answers my question.
@CampbellsCoins Жыл бұрын
My pleasure!
@mannyvillareal Жыл бұрын
Great video. Coverage was fantastic👏
@CampbellsCoins Жыл бұрын
Thanks for watching!
@mikeburnworth4064 6 ай бұрын
Why don’t all states issue their own goldback currencies and recognize each state’s currency in the form of Goldbacks? The only concern I have about any gold is if the Federal government would make ownership illegal
@CampbellsCoins 5 ай бұрын
I wouldn't worry about the government making gold ownership illegal.
@bigdaddyhoffman1911 6 ай бұрын
Sweet Baby Jesus, just buy real gold and silver coins, bars or rounds. There are just a novelty, that's it to me anyway. Not to mention the worse selling item in my store. I agree with you and thank you for the video Sir.. Life is good. God Bless
@CampbellsCoins 6 ай бұрын
Well said!
@masterstacker2833 Жыл бұрын
Silver and gold coins work fine as money. Don't need Goldbacks.
@togr824get Жыл бұрын
Thank You Very very much..I was planning on buying a bunch these.. and after watching your video...I'm all set..I'll buy gold and silver bars instead. What's a stacker?
@veritasfiles 2 жыл бұрын
You make some very good points, and I generally agree. Coins are far superior to this kind of note. I agree with you on the CBDC, and I think those who prefer sound honest money are going to have to stick to their guns, literally, and avoid participation in the CBDC as much as is possible, even to the extent of relocating somewhere within the continental U.S. to areas of friendly like-minded people.
@CampbellsCoins 2 жыл бұрын
100%. Just like the folks in Atlas Shrugged
@1953forrest Жыл бұрын
Here's how Kenya stuck to its guns on the issue, .05% of the population went with its CBDC. So the govt figured it took 40$ to eat, and limited the ability of the people to pull 40$ a month from their bank account. The .05% then went to 97%. Pure evil.
@B29p 2 жыл бұрын
I like them for gifts as a form of encouragement to consider the advantages of owning pm's. Overall I'd just stick to gold coins. Thank you for sharing your thoughts.
@CampbellsCoins 2 жыл бұрын
Right on man. Thanks for watching
@jayman1601 2 жыл бұрын
I think the premiums are too high. Another problem is that it's a little confusing to figure out the value especially for someone that has no knowledge of gold and silver.
@CampbellsCoins 2 жыл бұрын
Agree. Thanks for watching!
@cryptickcryptick2241 2 жыл бұрын
The price of gold is widely available on the internet, dividing the price by 1,000 is fairly easy. Once more use happens websites, apps, and other support will become available. When I traveled abroad in Cambodia, Vietnam, Thai, US dollar and American currency where all bought and sold by merchants. Many merchants printed out an exchange rate sign and posted it weekly or daily next to their both. This is a very low tech solution. Computer systems can also be designed to automatically take money. You pay, they punch the money in and then tell you what is left. Yes, a little education is required, but if inflation were to hit, everyone would always be confused as to the right price.
@mekz26 2 жыл бұрын
They have the lowest premiums of any fractional gold item.
@gomcse Жыл бұрын
You get the premium back when you spend them. It's literally a non issue. These are not for stacking in the regular sense, they are for using gold as an item for trade.
@patricksachs3655 Жыл бұрын
<a href="#" class="seekto" data-time="247">4:07</a> Actually, the premium is valued on the market, so each goldback trades currently at $4.04, on average, which is the average price that you would pay to get one. You lose nothing on the premium. The premium is valued because the market values the utility of using gold as money in small denominations. Gold bars and coins don't offer that utility. Goldbacks solving that problem is actually a big deal. Now while it is true that the premiums offered by different retailers can vary considerably, more retailers will defer to the average price, which is readily available, as goldback use increases..We see a similar phenomenon with prices of goods on the market. Goldbacks will be no different in that regard
@CampbellsCoins Жыл бұрын
Constitutional silver does everything a goldback can do, at a fraction of the cost. Plus more durable and functional.
@patricksachs3655 Жыл бұрын
@@CampbellsCoins I'm not so sure about that. Goldbacks come in smaller denominations and are more convenient to carry than continental silver coins, which the market will value as reflected in the current price of the goldback. And while the continental coin may be more durable, the goldback is far from flimsy. Having said that, I would like to see people start circulating both and let the market decide. I actually think both can thrive in a free, sound-money market economy..
@syberphish Жыл бұрын
People keep mentioning the high premium without realizing it's built-in. You can buy a GB today for $3.51 then turn around and use it for an exchange rate of $3.86. You can certainly sell it for $3.51 after having just bought it for that much. Not so with silver/gold anything else, where you LOSE the premium in the sale and have to wait for spot to rise to recoup the value. Beyond that, GB's are accepted at thousands of retail locations across the country.... where other typical precious metals just plain aren't. So you can buy it for one price today, use it today for that same price to buy something from a retailer, and it's worth the ENTIRE value in fiat that you paid for it. Show me ANY other precious metal you can do that with???
@syberphish Жыл бұрын
Why would you base ANY price off Apmex??? Apmex is a collector's store not a stacker's store. A few months back I did a comparison and showed you could get 4 buffalo's at Apmex for the same price as 5 buffalos at Monument. Of course your premium-to-exchange-rate ratio will be screwed using Apmex as your valuation point. I use DefytheGrid, because they sell gb's cheaper than the exchange rate; which reflects good decision making on the purchase side. Basing anything on Apmex pricing is a recipe for failure.
@user-ps9bc9wf8v 9 ай бұрын
They are great for introducing kids into gold and silver, and learning the value of money. Great collectable. Plus you get to purchase daily with gold
@scotts1356 9 ай бұрын
Today.....2023....a $1 Goldback will cost you $4.00. It takes 1000 $1 goldbacks to make 1 ounce of gold. Let's say you want to buy 1 ounce of gold with your goldbacks. You'll end up paying $4,000 for 1 ounce of gold! You can typically pay cash for 1 ounce of gold and it only costs you around $2800.00. So why would ANYONE want to pay 70% more??? I'll pass.
@CampbellsCoins 9 ай бұрын
So true. I keep trying to pound this point into people's heads but they just see "cheap" gold. I hope you're not spending $2800 on an ounce. 😟
@scotts1356 9 ай бұрын
@@CampbellsCoins I just used the "high" end at $2800.
@SteveTheFazeman Жыл бұрын
I chalk up goldbacks to something like collecting baseball or football cards
@KarenKelleylucky Жыл бұрын
I was thinking of using goldbacks as a gift/savings for my two great nieces. My grandparents used to give us silver dollars every year for our birthdays. I wanted to start a new tradition. Is this still as bad product to hold onto for years for them? It's either this or buying them whole life insurance policies.
@TruCunt Жыл бұрын
I just brought 100 for 3.66 each. Lol the premium is ridiculous but I wanted them for a just in case we end up in a recession/depression where the dollar is not worth anything. It’s a backup for me.
@TheRealAssistMan 4 ай бұрын
And that will NEVER happen. Been hearing the same thing for 40 years. Just another scam that people are losing money on like usual.
@gimmedahhcookies4341 2 ай бұрын
I have already done a purchase with Gold Backs already..I like the fact that you can buy alot with such a small amount...I use them as a hedge as well
@swarthos Жыл бұрын
Good info.
@CampbellsCoins Жыл бұрын
Thanks!
@CC-oi9mc Жыл бұрын
I'd like to have some just for the beautiful artwork alone, they look stunning.
@mikemackiewicz 2 жыл бұрын
I agree. Why not just carry mercs and walkers? That said, I want one of each denomination from each state and am slowly working on it
@CampbellsCoins 2 жыл бұрын
They are great for collecting! Thanks man
@thepagecollective 16 күн бұрын
It's almost like an object lesson in why gold-based currency is no longer viable
@ismaeel747 Жыл бұрын
So I would argue the problem with coins or bars is they are much easier to counterfeit. The technology that goes into printing one of these notes, and the design you end up with is very difficult to replicate but a bar or coin could be shaved and there is certainly no shortage of fakes circulating. I would feel far more comfortable accepting one of these notes than a silver coin unless I had some way of verifying it was genuine at hand. Now for storing value, of course I would much rather buy bars/coins from a reputable dealer and not pay the premium! Also we tried a paper currency backed by gold and ultimately we were scammed by them printing more paper than there was gold. What's to say the same wouldn't happen with a digital currency backed by gold?
@ThatGuy-mu2rr Жыл бұрын
The gold back DOES solve an issue with gold. Divisibility. Are you going to carry nearly 2 pounds of small silver coins around all the time ? Are you going to carry a 1/1000 of an ounce gold coin around ? No, no and no. But…… a gold back allows you to carry a very small piece of gold around that is very divisible, yet won’t be the size of a pebble and easily lost.
@Bluebark64FIS 6 ай бұрын
The overhead is ridiculous on these things for daily commerce. More like a novelty or collector item. In order for this to compete, it would have to trade on par with the current spot price. I don't see this taking off if every time you transact you lose money. If the states were to pick up the cost of printing there by allowing the GBs to be traded evenly...it could work. I guess.
@militantpacifist4087 Жыл бұрын
I just like to buy them because I love collecting unique and cool stuff, like the silverbacks as well. I’m not going to sell them back.
@silvertrucker2172 2 жыл бұрын
Agree 100%. They are pretty, and can be a neat gift, but when you figure the cost..... Way better off with just the fractional gold. The future, who knows.
@mekz26 2 жыл бұрын
Where can you get $5 of fractional gold at a lower cost ?
@Anthony-kn8cn Жыл бұрын
If gold goes parabolic it will be a great thing to hold goldbacks being they are made with gold. Goldbacks will go up with gold.
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