Goldbacks Discussion: Spendable gold for the people

[shinnosuke]

Seems they have changed their exchange rate. It was spot + $1100. Now it is spot + $1000 + 10%.

Dummy math??

1/1000 used to cost $2.70... what is it now?

The $2.70 you saw was the price after the change was implemented.

[satosan]

Seems they have changed their exchange rate. It was spot + $1100. Now it is spot + $1000 + 10%.

Dummy math??

1/1000 used to cost $2.70... what is it now?

It was $2.56 as calculated a couple weeks ago. $1459.70+$1100.00 = $2559.70/1000 = $2.56 (rounded). Now it is $1459.70 +$1000 = 2459.70 (+10% of this number) is $245.97 =2705.67/1000 = 2.71 (rounded).

[toddler81]

Ah. Thank you!

[BigBamboula]

Does this mean that (1) 5GB & (1) 10GB would cost me $41.25?

BigB

Goldbacks hit the market just a few months ago and just in time for Christmas. Your friends and families do not know about Goldbacks yet making them the perfect gift for a PM aficionado to give and collect.

The pricing below applies to any order and any combination of denominations from now through midnight December 19, 2019, to allow time for shipping.
1-3 Goldbacks: $3 each
4-10 Goldbacks: $2.80 each
11-25 Goldbacks: $2.75 each
26+ Goldbacks: $2.70 each

Please submit your orders via private messages to me.

[shinnosuke]

Yes, that's correct. A total of 15GBs X $2.75 = $41.25 including shipping via First Class mail.

If you'd like to order, please send me a private message.

My Christmas Sale lasts through the 19th.

Does this mean that (1) 5GB & (1) 10GB would cost me $41.25?

BigB

Goldbacks hit the market just a few months ago and just in time for Christmas. Your friends and families do not know about Goldbacks yet making them the perfect gift for a PM aficionado to give and collect.

The pricing below applies to any order and any combination of denominations from now through midnight December 19, 2019, to allow time for shipping.
1-3 Goldbacks: $3 each
4-10 Goldbacks: $2.80 each
11-25 Goldbacks: $2.75 each
26+ Goldbacks: $2.70 each

Please submit your orders via private messages to me.

[coppernickel]

After an unenthusiastic first attempt, I tried again. This time I chose a young man who is a real go getter. Just starting his schooling.

This time I explained the what, why, and where of the Utah GoldBack. I have him the website, anticipating he would actually look it up.

Later he stopped me and told me how much he appreciated the thought and the direction. Days later, he is still like a kid after Christmas.

Score, this may have made a difference.

[shinnosuke]

@coppernickel
Good find. I hope he can maintain his enthusiasm for real money.

Thanks for sharing.

[shinnosuke]

Thanks, guys. Due to popular demand, I am extending my Goldbacks Christmas Stocking Stuffer Sale until December 21st. This gives everyone an extra two days to get their orders in. As a reminder, the special pricing and ordering instructions are:

Goldbacks Stocking Stuffer Blowout Massive Christmas Sale Pricing
(including first class shipping to continental US addresses only but not insurance)

Goldbacks hit the market just a few months ago and just in time for Christmas. Your friends and families do not know about Goldbacks yet making them the perfect gift for a PM aficionado to give and collect.

The pricing below applies to any order and any combination of denominations from now through midnight December 19, 2019, to allow time for shipping.
1-3 Goldbacks: $3 each
4-10 Goldbacks: $2.80 each
11-25 Goldbacks: $2.75 each
26+ Goldbacks: $2.70 each

Please submit your orders via private messages to me.

[shinnosuke]

Hello all. The response has been absolutely great. Thanks again for all your many orders.

Just two more days left in the Stocking Stuffer sale. If you are thinking about getting a few, please don’t delay. Repeat orders are welcome too.

[smackvay]

Out of curiosity how many have been sold?
It’s ok if you don’t want to answer

[shinnosuke]

Out of curiosity how many have been sold?
It’s ok if you don’t want to answer

About 7000 so far, but that includes a two trades of about 450 Goldbacks for precious metals in other forms. I'm very thankful for the interest demonstrated here on BullionStacker. This is truly an amazing website.

[shinnosuke]

Hey, APMEX is selling Goldbacks! Not sure you'll like the prices. Of course, they have more overhead in their business model than I do what with yours truly being a lean, mean fighting machine and all.

https://www.apmex.com/search?q=Goldback

[Chaboo]

Hey, APMEX is selling Goldbacks! Not sure you'll like the prices. Of course, they have more overhead in their business model than I do what with yours truly being a lean, mean fighting machine and all.

https://www.apmex.com/search?q=Goldback

Coolbeans.

[bigjohn]

Why does it say “not legal tender” in the highlights? I’d think they would word it differently and maybe say “legal tender only in the state of Utah” or something to make it more official

[shinnosuke]

Why does it say “not legal tender” in the highlights? I’d think they would word it differently and maybe say “legal tender only in the state of Utah” or something to make it more official

Because the law in Utah says that buyers/sellers have the option to transact in precious metals. That makes the currency used in the transaction a voluntary choice (which is the best way...let the market decide what is best for itself). If the term "legal tender" is imposed upon Goldbacks, then the seller of goods and services has to accept it.

True liberty is being able to decide if I want to pay in gold or in soybeans or with my labor or with some stinky Federal Reserve Hiney Wipes, as long as the other guy is in agreement with my method of payment.

[shinnosuke]

By the way, if you still haven't signed up at UPMA.org, go there and get your free Goldback.

http://www.UPMA.org

Here's a YouTube video by some chaps who will tell you more.



I'll be back in the New Year with more Goldbacks. Thanks for your patronage.

[shinnosuke]

I have a cool piece of fiat on my desk. It was printed in Great Britain by Thomas de la Rue & Co. for the country of Dominican Republic which shares the island of Hispaniola with Haiti. Notice how the central bank tried to legitimize the bank note by including the word "oro" after "peso." I assure you, there is no gold in that note. This note is no longer in circulation, joining the rest of the fiat disasters in well-deserved ignominy.

Dominican Oro.JPG

The next picture is a recent example of zeroes gone wild.

Zimbabwe.jpg

And then there is a newcomer currency which has intrinsic value, and in amounts small enough that they can be used in almost any transaction.

Utah Goldback.JPG

The more things change, the more they stay the same.

[shinnosuke]

After the Christmas sale nearly exhausted my supply, I ordered a big batch of Goldbacks. They arrived today so I am ready for any new orders.

A new sales only thread has been created which will always reflect the current pricing: viewtopic.php?f=98&t=32857

Thanks to everyone for all the support.

[shinnosuke]

With gold up over $10.00 today, www.goldback.com lists the current price of 1 Goldback another penny higher than yesterday at $2.83. I will maintain my pricing in the Goldbacks Sales thread at current levels for now.

Goldback, Inc. has announced that a couple more US States will have their own local Goldback currencies by summer 2020. I will update everyone as soon as that info is made publicly available. There is even interest from outside the US.

[Brick's]

I'm guessing the states getting goldbacks are those with favorable gold and silver legal tender/tax laws like or similar to those of Utah? Also, are you or anyone else familiar with the legal tender crypto they promote called Quintric?