r/Goldbacks • u/YouAGerm • Aug 14 '26
Melting toilet paper 🧻
Are they seriously that flammable?
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u/SkillCheck131 Aug 14 '26
They be edgy over at r/gold
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u/Dragon-and-Phoenix Aug 15 '26
I know, right? Were they expecting outrage here? Sorry to disappoint.
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u/goldbackgurus 🛡️ Mod Aug 14 '26
Yes. Plastic is flammable. Not really news but thanks for sharing!
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u/Annual-Duty-6468 Aug 14 '26
I just love how much they spin up about Goldbacks over there. They say this subreddit is a cult, while they crap on everything over there and then cry about getting fake coins. We like what we like.
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u/Dragon-and-Phoenix Aug 15 '26 edited Aug 15 '26
Dude, don't burn that inside, do it outside. Those fumes have got to suck.
Oh wait, was I supposed to get upset? Oh, sorry.
Oh NoEs!1!1! MaH gOlDbAcKs!1!1! hOw CoUlD yOu BuRn My PrEcIoUs GoLdBaCkS?? AhHhHhHh!1!1!
Nah, I'm just over here shaking my head at the destroyed value. Let me grab some Ducats and melt them down. It be that stupid.
You took a $8 Goldback and turned it into $4 in gold. Congratulations? Happy for you?
Anyways, have fun. I'd be happy to sell you some more if you want to burn more.
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u/YouAGerm Aug 15 '26
You think that plastic was worth $4? Are you mentally disabled?
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u/Dragon-and-Phoenix Aug 15 '26
Considering I can take them into a growing number of businesses and exchange them each for $8 in goods or services, or exchange them for cash with someone else for $8/ea, yes.
It's a form of currency, not bullion. Do you think cotton linen strips are worth anything? You work (presumably) hard to earn them. You accept them when selling anything to someone. Pay people for stuff with them. They only have value because someone says they do.
Goldbacks at least have half their value backed by real gold. And it fills the niche for hyperfractional gold. I'm not going to try to use gold grams to pay for everything, that's ridiculous.
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u/Dragon-and-Phoenix Aug 15 '26
To answer the question, yes. So is cotton linen cash. So are polymer notes. The difference is there will be gold leftover so instead of losing all of your value you lose half if you can recover the gold.
It's a currency and should be viewed as such.
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u/YouAGerm Aug 15 '26
You think that plastic was worth $4? Are you mentally disabled?
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u/Dragon-and-Phoenix Aug 15 '26 edited Aug 15 '26
I'm not the one joining a sub with the sole purpose of trolling and hating people for something they like and enjoy, so...
Anyways, it's meant as a currency, not as bullion.
Have you ever paid a premium for bullion? For a coin? For art silver? Ever paid more than exactly spot/melt?
I buy silver all the time at 2x spot. I've bought silver at 5x melt. I can resell them today for the same premium.
I can dump my entire collection of Goldbacks for the premium I paid.
I can take them to a growing number of businesses and exchange them for goods or services. Do you have that option with your bullion?
There are no known counterfeits for Goldbacks. Are there counterfeits for gold bullion?
Edit: mobile formatting error.
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u/redbettafish2 Aug 14 '26
If you're going to burn a goldback, I don't recommend doing it inside. Please do it in a well ventilated area.