Official http://Goldback.com exchange rate for 07/13/2023 remains $4.03 as it was not updated.
After a review of online sellers' prices, the best price for an in-stock 1 Goldback is $3.70 over at Defy The Grid http://defythegrid.com
The best price for an in-stock 50 goldback is $178.79 over http://APMEX.com
https://www.apmex.com/product/255963/50-wyoming-goldback-aurum-gold-foil-note-24k
Official Goldback.com exchange rate for 07/12/2023 is $4.03, up two cents from yesterday.
After a review of online sellers' prices, the best price for an in-stock 1 Goldback is $3.69 over at Defy The Grid http://defythegrid.com
The best price for an in-stock 50 goldback is $184 over GovMint.com
https://govmint.com/2022-50-wyoming-goldback-aurum-gold-foil-note-24kt
Official Goldback.com exchange rate for 07/11/2023 is $4.01, up one cent from yesterday.
After a review of online sellers' prices, the best price for an in-stock 1 Goldback is $ 3.66 over at Defy The Grid
http://www.defythegrid.com/product/1-new-hampshire-goldback
The best price for an in-stock 50 goldback is $184 over at GovMint.com
https://www.govmint.com/50-nevada-goldback-aurum-24kt-gold-foil-note
A "debt" is something that, under the laws of mathematics, is capable of being paid back sometime before infinity. I'd *really* hate to be holding lots of dollars when people finally recognize that. On the other hand, imagine holding lots of gold when that happened...
"Federal debt explodes by $1 trillion in five weeks since deal suspending limit became law - Total national debt now sits at $32.47 trillion and counting"
https://www.foxnews.com/politics/national-debt-explodes-higher-biden-signs-debt-ceiling-deal
Official Goldback.com exchange rate for 07/10/2023 is $4.00, down one cent from Friday, 07/07/2023.
After a review of online sellers' prices, the best price for an in-stock 1 Goldback is $3.66 over at Defy The Grid
https://defythegrid.com/product/1-new-hampshire-goldback/
The best price for an in-stock 50 goldback is $184 over at GovMint.com
https://www.govmint.com/2022-50-wyoming-goldback-aurum-gold-foil-note-24kt
YouTube video from Metal Scholar - "Goldbacks: All In? The Pros and Cons for Precious Metals Stackers and Whether You Should Buy Some"
"The premiums on #goldbacks are too high!"
I wish I had a goldback for everytime I heard that :)
But are the premiums actually "too high?"
Goldback.com wrote an excellent article earlier this year that explained goldback premiums.
An excerpt:
We actually argue that Goldbacks are inexpensive for what they really are because the added utility value doesn’t go away, it appreciates too. Goldbacks can be bought and traded for around $4. If the concept of adding value to materials through labor is difficult to grasp then imagine trying to buy a new vehicle for melt value or a pencil for the direct fractional value of lumber and graphite per ton. (Pencils carry about a 10,000% premium)
A pencil has more utility per weight than a giant felled log. A car has more utility than a hunk of metal. A thousand individual goldbacks have far more utility than a single gold coin, especially if you ever plan to barter or trade with your metal. Who wouldn’t rather be able to trade a thousand times for small items vs. just once for something expensive? We aren’t even getting into the fact that Goldbacks have never been counterfeited, the same can’t be said for coins. Goldbacks cost more because they are worth more.
The market agrees. Commodity money in the form of Goldbacks is becoming quite popular as the Goldback has already proven to be more successful than any other local currency project in the history of the United States. At the time of writing there are an estimated 1,000,000 users of Goldbacks. It turns out that sound money is popular.
As far as we can tell, much of the opposition to Goldbacks really comes from two groups;
Bullion customers that have been taught for decades to buy gold as close to spot as possible. The Goldback is new and draws their skepticism.
Coin dealers that have been selling the same products for over forty years and aren’t interested in branching out. The Goldback is inherently threatening to them because they don’t understand it and they don’t want to lose customers. (They could apply to retail Goldbacks by emailing us at info@Goldback.com at any time)
It’s somewhat ironic that these two groups are opposed to an otherwise successful sound money project. This situation isn’t that bad though. As it stands, there simply haven’t been enough Goldbacks to meet market demand as it is, so this type of opposition is healthy even if it is somewhat misguided. We’ll win most of them over eventually. We’ve already had several dozen coins dealers begin selling Goldbacks that adamantly opposed them at first. In Wyoming every single coin dealer signed on to sell the Goldback before the Wyoming launch. Many ideas take time to digest and it’s no different for the Goldback.
Read it all here:
https://www.goldback.com/news/whats-in-store-for-goldback-premiums
Official Goldback.com exchange rate for 07/07/2023 is $4.01, up two cents from yesterday.
After a review of online sellers' prices, the best price for an in-stock 1 Goldback is $3.66 over at Defy The Grid
The best price for an in-stock 50 goldback is $177.06 over APMEX
https://apmex.com/product/255963/50-wyoming-goldback-aurum-gold-foil-note-24k
Official Goldback exchange rate for 07/06/2023 is $3.99, down one cent from yesterday.
After a review of online sellers' prices, the best price for an in-stock 1 Goldback is $3.64 over at Defy The Grid http://defythegrid.com
The best price for an in-stock 50 goldback is $176.13
at APMEX:
https://apmex.com/product/255963/50-wyoming-goldback-aurum-gold-foil-note-24k
"Something snapped," indeed. Recently a good friend was shopping around for a party venue. He wanted to rent out a small restaurant for a party in about 3 months. He was getting bids of around $5,000 per hour with a cash bar for 90 people, which included some apps. He was delaying a selection as it was a bit richer than he wanted to pay. Roughly two weeks ago, out of the blue, 2 venues offered their place for $500-$1,000 for the evening with a cash bar and apps at menu cost. This is in a larger blue city.
'Something Just Snapped': Consumers Panic Search "Pawn Shop Near Me"
Cash-strapped Americans are panic-searching "pawn shop near me." The search trend spiked to a record high at the start of July and is an ominous sign the consumer might be pawning items or selling things that were possibly bought during the Covid boom to raise quick money amid the worst inflation storm in a generation.
Read the rest here:
https://www.zerohedge.com/markets/something-just-snapped-consumers-panic-search-pawn-shop-near-me
The original gold-backed "stablecoin" Anonymous, portable, off-grid, and zero counter-party risk.
#goldbacks
Official Goldback exchange rate for 07/05/2023 is $4.00 and unchanged from 06/30/2023.
After a review of online sellers' prices, the best price for an in-stock 1 Goldback is $3.65 over at Defy The Grid https://defythegrid.com
The best price for an in-stock 50 goldback is $176.79
@APMEX
https://apmex.com/product/255963/50-wyoming-goldback-aurum-gold-foil-note-24k