Dealer's First Goldback Reaction

😂Mr. Warren fears change

I've seen gold notes for sale on bullion sites. & I'd never waste my money. Gimme cash silver or gold

great art on those

Very cool thank you for posting

Very nice looks like he liked em!!

They are pretty cool, have a couple definitely wouldn't stack um,maybe collect them

Worth A $1.90, and selling for $6.00+ with the Gold Premium on TOP of that. Tje FINNESS is REAL!!!!🤑

LIKE #82! Sweet, I did not know there was an app.

The old Guyana know the real price of the backs and he know the premiun is to much...no worted

So it has 2x more value in this “gold premium” than the actual gold value? And why is it worth so much more than gold if it’s worth its weight in gold?

Silver backs are useless

Gold premium? 150% premium seems excessive.

Not worth its weight in gold they’re some high premiums of 40-75% just picked up some 1/2 notes from florida for pretty much 100% double melt

Im collecting some for my son. I like collector morgan silver dollars as well.

China is creating counterfeit goldbacks now!

GEEAT IDEA, but way, way, way overpriced!!

Where do u get them at ?from a bank

Scammy bullshit

I'll bet thoe goldback sleeves are at least a dollar apiece. Then you got your premium.

I wish I could show my grandpa mine

They are neat. Question: The ones that may end up peeling, how long will the makers make them good and who will enforce them to do it?

If you use them as currency what does the change look like?

This dude needed a calculator to divide 1900 by 1000...... I think the education system failed VERY long ago....

Tried to spend them in Florida and couldn’t find a restaurant within 100 miles on their website. Still a novelty at this point.

its not worth its weight in gold. its worth the GB market price. The gold is a backing that comes with ups and downs depending on the actual gold market. Demand plus the increased price of gold drives the GB market price up which is calculated by the lowest recent price sold by certified GB distributor.

If they have a market value that goes up and down relative to mostly gold price and partially collector demand then that’s good and enough basis to be worth it.

Beyond that, the more commerce done with them the better.

Their real value is in the true micro fractional notes. Halves, Ones, Twos, Fives and Tens. After that the premium value wears off pretty fast and it's far, far, wiser to purchase a small tenth oz coin. I like my metals to be versatile. That's why I stack all of them. Within each type there are measures of volume and quantity. Finally gold can play down in the sub $30 arena with silver. Historically it's never been able to do that before. What a time to be alive. I hope to see 1/4000th notes soon. The Quarterback! lol.

If they're using it as actually currency then the premiums have to go . Thats like going to the bank and them charging you 300 % tax or fees to give you your money .

scam

Florida is about to or just approved goldbacks/silverbacks/etc as “currency”—if Texas pops in, it’s game ON!

I will accept payment in goldbacks- but I’ll never purchase gold backs.

Guys these are 100% in the collectors corner if you're a stacker then stay away unless you just want a pretty piece to look at which they are pretty but in no way are they cost effective if you're looking to preserve your bankroll

Some people can't let go of the Gold Standard. The thing is, what happens when a crap load of gold is discovered and tanks the value?

such a hard sell we shall see but im sticking to roundss

Guy said it worth its weight in gold at $6 (at time of video) Dealer calling bullshit and saying it's just a $1.90 in gold. Ya there is a premium, but the premium in this case is near 3x the value of the gold for w/e other worthless burnable shit is in there 😂. Complete scam. The dollar is worth more than this crap because yhe dollar can get you ALOT more actual gold for the money. Imagine buying 1 full troy ounce in "gold weight " for this crap.

Thanks!

Gold and silver bullion dealer who never heard of Goldbacks. Is that your expert?

This is great! I'd love to see more Goldback videos.

Bro just say it has no value. 😂😂😂

I agree with the old guy.

So gold would have to be $6000 an oz before it's worth it weight in gold. 😂😂

I see that they are worth their weight in gold, but as a vendor, why would he be expected to pay the premium? If I were a vendor, I would accept them at face value...

They're not exactly pure gold because they're fused with a polymer. To make extraction of the gold worthwhile, a refiner would have to pay you well below the melt value of the gold....I guess?

I wish Texas would hurry up and make it legal tender

Worthless

Here’s where I am on it. I was skeptical about the 100% premiums. However, if vendors truly respect the full value of gold backs rather than the gold value inside then it might work. Otherwise, the premiums will need to come down. Like this store clerk for example you say it costs us 5 to 6 dollars yet he wants to pay 1.90. It just doesn't make sense to support something like this if exchanges want to only deem it worth a third of what people paid. A lot has to happen, people either have accept its true value or the premiums need to go down to at least 10%. Hell if both happened then that would be even better for the success of goldbacks.