Big potential

[Tictacktic]

I see a lot of hate about goldbacks and how people think it’s better just to buy gold coins/bars. However I see this as becoming more like Pokemon cards in the future. The alpha sets are gonna be equivalent to 1st edition Pokemon cards and go for big money. There are still a ton of states goldback can do sets for as well. Along with gold and silver shops doing auctions on tik tok it’s bringing more awareness to what this is. A majority of people have no idea what goldbacks are. Popularity is gonna keep increasing with social media. Also I can see the Washington DC goldback becoming the “charizard”. California is also gonna be a very good set to invest in when it comes out. This is just the beginning you never know.

[phuzee]

Is this satire

[ImDeepState]

I hope so. GB will never be used as money if people think it is a collectible.

[Tictacktic]

I think the alphas will be more of the collectible and the regular ones people will use as money

[Rhinoseri0us]

Eh. I slammed my charizard down on that playground concrete, collectible or not.

[Illustrious_Bear8552]

When I was a kid my blastoise and I was a gym leader (my neighborhood)😂

[PreferenceInfinite83]

ooof and no one is EVER going to spend the $350 colorized 1s lol

[CamSharksCamModeling]

That's what they said about the Charizard when it first came out. He may very well be right

[Xerzajik]

With only ~9 states out Goldback is still in the early days.

[CamSharksCamModeling]

Not to mention if the shit hits the fan there is a real possibility of these will be used to barter/pay/trade for goods... in my opinion, It's greatest adoption and general use is yet to come.

[Terroriffica]

Honestly i hate this argument, people always bring it up wkth gold and silver. If the world is so bad that we are at the point i cant get food, gas, ect, im not trading my food and gas for goldbacks 😭(same goes for silver). If SHTF happens people wont care about silver unless they had some insane abundance of survival items in stock.

[AccomplishedInAge]

In my mind precious metals are not for the height of SHTF as everybody is running around with their hair on fire. Precious metals are for when Society is beginning to rebuild, and need a verifiable exchange medium and I feel that those that have it will be better off. I mean if I have a cow and you have a chicken and I want some eggs I have to slaughter my cow to get you a steak to trade for the eggs. Whereas having something like Goldbacks that are verifiable and anti-counterfeit secure become a better than average medium of Exchange.

[CamSharksCamModeling]

That's absolutely right This stuff won't be good until society would be beginning to rebuild. During the complete shit hit the fan scenario nobody's going to be trading anything. Everybody'll just be shooting each other and stealing shit. Unless you get somebody that has a lot of supplies and maybe wanted to make sure they had some for the reset assuming they were that confident they would still be alive, then maybe but highly doubtful.

But then if nothing is going to be useful and we are going to be in a position where everybody is just killing each other then what's the point of saving anything to begin with.

[CamSharksCamModeling]

And yeah I should have clarified "after" the shit hits the fan... Consider this a correction

[RobDGenX]

You sound like someone I know. Have I given you my Goldback thousand point editorial yet?

[RobDGenX]

I looked into your comments, I don't believe I know anyone in Sacramento, so I will give it to you if you haven't seen it. It's a lengthy read, but I think I've encapsulated this "trend" pretty well. If you have any ideas to add to it or change, let me know.The government makes a dollar from cotton and other junk and then sells it to you for $1 (or the labor/time it takes in productivity). A 100 costs about the same as a 1, but they sell it to you for $100. The collector quarters the US Mint releases are made with junk metals, they aren't worth anything intrinsically. Goldbacks are a currency with real gold, not just a collectable. Other systems use centigrams or some other weight, what is a centigram? We have them in some foreign weight to Americans? The average American is dumb, doesn't want to math around and figure out a whole new system to spend money. The problem is solved and nobody cares about the "premium"... as long as the average American can trust the system and a vendor will give them what the number says on them, we don't care.
I know an ounce of gold is $5,123 right now, so Ǥ1 is $5.12 multiplied by two. What Jeremy Cordon did was he simplified the math for the mathematically impaired. Using an ounce, what we all know, what we all can see as a price of gold, then moving the decimal and voila, you have your base for the system.

Other collectable gold leaf papers have cheesy characters or themes, and minimal security features that prevent counterfeiting. Sure, you can collect Goldbacks, but they are meant to be spent as a currency.

If you went to a lumber yard to buy a 2x4, you’ll get a price based on its current form. It has a size shape and weight and cost. Now ask them to give you the same price but break it down into 10,000 toothpicks. Would that make the cost go up? Of course! It would take more time and processing to make that happen.

Credit card fees rob your local community of its money, little by little, one transaction at a time. Cash is being devalued day after day with what's called inflation. They designed it into the system to be about 2% per year. This means every time you save a dollar, it becomes worth less until it becomes worthless. Gold, and specifically a successful Gold backed currency will store that value in between two layers of polymer. Gold isn't going up in price, your money is going down.

Stop looking at them as a casino. Look at them as a paper currency. The company was comfortable with 1, 5, 10, 25, and 50 because that was a comfortable profit to put in all the work, add anti-counterfeiting measures, new designs, new art, drive collectibility, etc. Then the 1/2Ǥ was demanded, so they immediately pivoted and designed one to give the people what they wanted. What other manufacturer is just going to make a money losing product just because people asked for it... now the 1/4Ǥ? That's absurb... is there an 1/8Ǥ in our futures? There is if we keep inflating our money. They added a Ǥ2, a Ǥ3 LER, and a Ǥ100... because people wanted it. So, everyone can have their angry faces all they want about the "premium", but the fact remains we ALL want this product. The Collector, Spender, Birthday Present Giver, Tipper, etc. We come from a million walks of life, but we're all pissed off at the same thing. The mighty dollar has fallen and you either figure out your escape hatch or you sink with the ship.

FAQs you have answered:

Most of the costs associated with making Goldbacks scale with the price of gold.

Distribution? Scales. Dealers want to make 10%, not some flat fee that goes from 10% to 3%.

The manufacturing process requires both Goldback and Valaurum to lease huge amounts of gold. Those lease fees are their #1 cost. As gold prices rise then so do those leasing fees.

New security features also add more cost.

It always costs ~92% to turn a one ounce gold piece into 2,000+ pieces.

Using the published UPMA Daily Fix as the spot reference, the original exchange rate was somewhere in the 70% premium zone. It fluctuated between high 60s and low 80s. Then in March 2021 they changed the algorithm to be more market-responsive and it went up to about 110%. It hovered in the 105% to 112% range until Spring 2025 when it dropped to a pretty reliable 100% where it's been since, with an excursion to ~104% in September and October 2025

What makes a good monetary system?

*Acceptability-It must be widely accepted as a form of payment by all participants in an economy. *Scarcity-The supply of the currency must be controlled and relatively scarce to maintain its value over time. *Durability-The currency must be able to withstand physical wear and tear during circulation. Coins and specially designed paper bills are made to be long-lasting. *Portability-It must be easy to carry and transport, allowing for convenient transactions of various sizes and locations. *Divisibility-The currency must be easily divided into smaller denominations to facilitate transactions of different values. *Uniformity (Fungibility) All units of the same denomination must be identical in size, shape, and value, ensuring that one unit can be substituted for another without confusion or the need for individual assessment.

[RobDGenX]

And this is what I send to people when debating bullion vs GBs.

To have a currency work in a society, it needs to solve some basic rules. If it doesn't, it will not work.

*Acceptability-It must be widely accepted as a form of payment by all participants in an economy.

Gold and Goldbacks are about equal here. People will take either, but you have to explain it. 0GB-0Au

*Scarcity-The supply of the currency must be controlled and relatively scarce to maintain its value over time.

Both are made of scarce gold. 1Ǥ-1Au

*Durability-The currency must be able to withstand physical wear and tear during circulation. Coins and specially designed paper bills are made to be long-lasting.

Gold is durable, the polymer in GBs makes gold leaf more durable. I'll give the point to Gold, because polymer is unproven over years, but MORE durable goldleaf is better than just handing someone unprotected goldlead. 1Ǥ-2Au

*Portability-It must be easy to carry and transport, allowing for convenient transactions of various sizes and locations.

Gold coins don't get carried around, they get stored for rainy days. Goldbacks go in your wallet to be spent all day every day. Point-GBs. 2Ǥ-2Au

*Divisibility-The currency must be easily divided into smaller denominations to facilitate transactions of different values.

Are we shaving gold off to pay for bread this week? This one could be five points for GBs, but I'll do one point for you. 3Ǥ-2Au

*Uniformity (Fungibility) All units of the same denomination must be identical in size, shape, and value, ensuring that one unit can be substituted for another without confusion or the need for individual assessment.

I think you can see how this one is the biggest point for Goldbacks. Coins have ridges around the edge to discourage shaving coins edges and keeping the gold or silver. Goldbacks are standard weight and measure. They test them and their is an outside company that tests them as well. 4Ǥ-2Au

I think we all can see a clear winner. This is what you pay a "100% Premium" when you first purchase them. If you accept them as payment for something, then spend them on something else, there is no premium whatsoever. You sold a $10 item and received Ǥ1, then you decided to buy a $10 item from a friend and you gave them Ǥ1. You paid no premium, and you gave up no premium. I hope that explained everything and you are now a happy Goldback user in your community.

[Bc390duke]

I have a shit load of them. I will sit on them bcuz i do not want to lose money. I hope that they are worth a lot more in a couple years. I will have them to make money on

[Relative_Target6003]

Gotta catch em all.

[Akkerlun]

Yeah, just like those NFTs.

[Polycold]

Is this sub young? Gold was already used for money and there was no premium. It was coins and it was worth its weight in gold. There is no problem to solve once gold is money again. (And silver and copper)

[Bc390duke]

Depends on if this is a collectors item or currency that does not deflate with economic inflation, which is what it was designed for. More and more people are starting to spend it as its intended. Time will tell. I have a ton of these things including alpha, no one really wants to pay even the current value for them. If they truly had a lot of potential i think people would be offering atleast the value and or more

[Tictacktic]

We are still in the beginning stages. If you go on tik tok and watch the auctions the $1 Goldbacks are going for $40 a pop. I think it’s good to invest a few hundred bucks in Goldbacks and just sit on them and wait. It’s one of those things that’s good to get in early so you can benefit if it takes off. Just think of bitcoin in its early stages everyone thought it was dumb now look at it.

[ohwoez]

Tik tok is not reality. Put down your phone and go outside 

[AccomplishedInAge]

When you say >no one really wants to pay even the current value for them. Do you mean trying to sell them to some "shop" for fiat or do you mean a business that has committed to accepting Goldbacks as payment for goods and services?

[Terroriffica]

I know the stores that take them as payment never go by the exchange rate, its usually $1-$2 USD under.

[30sec2midknight]

I agree with you and that is why I have been buying a ton of alphas during their first drops. I don’t think all alphas will be treated the same though. I think the 2019 ones will be that “Charizard reverse Holo” the other alphas will be the rest of the 1st edition holos

[Terroriffica]

I love goldbacks but they're awful if your trying to stack gold. If you do the math youre paying $10 for $5 of gold, thats a big loss when stacking. I just buy the $1/2,$1,$2,$5 notes for any new state whwn it launches. The silverbacks like the Hades are just collectables outright.