Should you be buying the Goldbacks and are they even viable as currency for everyday use? Does it make sense as a gold stacker or investor to buy a few? While the Goldbacks look beautiful and can be used in Utah, Nevada and New Hampshire as money, they have serious issues that you need to know about. These include having a big premium compared to physical gold bullion coins or bars as well as facing an uphill challenge when it comes to adoption. In this video, I will go through the key reasons why I feel Goldbacks might not be the best investment but also why Goldbacks still deserves a look because it opens up an important conversation about sound money. Let’s dive in!
✅ Timestamps & Chapters:
0:00 Intro
1:13 Are Goldbacks A Trap?
2:55 The Premiums Issue
4:31 Will It Succeed As A Currency?
7:09 The Biggest Challenge Goldbacks Face
9:05 Are Goldbacks Useful In A Crisis?
10:14 A Good Reason To Buy
10:56 Will I Be Buying Goldbacks?
11:50 Alternatives To Goldbacks
12:37 Closing Thoughts
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Helpful videos for gold investing:
– 10 Rules For Stacking Gold: https://youtu.be/U9oJIEZsp-0
– How Much Gold To Own: https://youtu.be/pnildJSdmnY
– Best Gold Coins: https://youtu.be/kuPyxspoOC8
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💵 You can buy physical gold (and Goldbacks) from these online bullion dealers:
SD Bullion: https://sdbullion.com/
APMEX: https://www.apmex.com/
JM Bullion: https://www.jmbullion.com/
Disclaimer:
The information presented on this channel is for news, education, and entertainment purposes only. The information does not constitute an offer or solicitation to buy or sell any investment product(s) or investment strategies, or a substitute for professional investment advice. It does not take into account your specific investment objectives, financial situation or needs. I am not a financial advisor or a licensed investment professional. Please consult with your financial advisor before following any investment strategies discussed herein.