So I didn't know much about the Goldbacks that VK showed us the video of so I did some digging. Found a few videos of how they work when you want to spend them. The value is based on the daily value of gold in percentages. IE: 1 Goldback has 1/1000th worth of gold in it, so exchange rate is worth ~$3.98 or $4 or whatever the rate is that day. There are several videos out there so you can search for yourself. I found this one where this guy is using his Goldbacks instead of Fiat. Obviously Utah, Nevada, New Hampshire & Wyoming are now accepting them. Soon South Dakota will be too. It is explained that you can inquire to a business if they will accept them in your state if you don't live in one of these states. Anyway, I found this video, hope it helps understanding the Goldbacks which will keep or increase their value unlike the US dollar. I believe eventually all states (well most) will accept them.
https://www.youtube.com/watch?v=rk4OjsOCjFg
Trying To Buy EVERYTHING At This Expo With GOLD Money! (Goldbacks) - YouTube
Ron goes shopping at the 2022 Be Prepared EXPO with nothing but GoldBacks in his wallet. You'll be shocked at how many vendors would actually accept GoldBack...
QLANDESTINE SOVEREIGN STATESMAN/DIGITAL QOMMANDO SPACE FORCE GOM/Q-ORLEANS QLOSE QOMBAT SQUADRQN LEADER! WWG1WGA-ULTRAMAGA Q+++
im not spending this one though. its my very first and only one i have currently
You are getting about $1.81 in gold, using today’s spot price ($1,817 troy ounce). They are making about $2 off of each goldback sold. Understandably they are running a business that is manufacturing and marketing these and they need to profit. Not mad at that.
According to their website you can trade 1000 goldbacks for a 1 ounce gold coin (exg: gold eagle). So let’s say you do this. Assume you paid $4 per goldback. Welp, You just spent $4K for a 1 ounce coin that has a spot price of $1,817.
Now we know, no exchanges sell at spot (not profitable) so with mark up a 1oz gold eagle coin is around $2K today. Even with a dealers mark up you will pay double the price if you were to exchange the goldbacks for a 1 oz gold eagle coin.
Screenshot source: Apmex
PROUD to be an AMERICAN 🇺🇸 Navy Nurse Veteran🦅⚓️💫✨🇺🇸
All good info
Praying for President Donald J Trump & all those souls dedicating themselves to saving the world from those who seek to destroy us.
Here's a list of companies that sell goldbacks found on goldback.com Compare prices and shipping they vary.
https://www.goldback.com/where-to-buy-goldbacks
PROUD to be an AMERICAN 🇺🇸 Navy Nurse Veteran🦅⚓️💫✨🇺🇸
Excellent, I did go there as well & they have some good videos too.
Mother of many, Richest woman in the world, lovey.
Thanks Mare!
PROUD to be an AMERICAN 🇺🇸 Navy Nurse Veteran🦅⚓️💫✨🇺🇸
YW! Like VK always says, *Not a financial adviser* lol
I'm a patriot. I am here to learn & share the truth. I am looking forward to President Trumps return & the Great Awakening.
I'll have to look into these.
Retired Pediatric RN and farm wife. Treasure my family, God & country! Fight for Justice, Truth & Freedom always! I Am That I Am.🌹
So my question is? Those who are selling these goldbacks to people, how were they so priveleged to get them to be able to sell them? Was this stuff confiscated from the DUMBS or where did they come from? 🧐🧐🧐
PROUD to be an AMERICAN 🇺🇸 Navy Nurse Veteran🦅⚓️💫✨🇺🇸
Can't answer that for you. I know places Like JM Bullion sells them just like they sell gold coins/bars.
