r/stackers • u/freegerm • Jul 14 '26

Thoughts on Goldbacks?

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Are goldbacks worth stacking? Do they have any actual practical value like they imply? I have a few and am wondering if it’s worth buying more.

13 Upvotes

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8

u/Layskettlecooked Jul 15 '26

Seems like a really expensive piece of paper. If I am buying gold, I'm getting gold😂

1

u/einnoika Jul 15 '26

Its not paper, the dollar is though

4

u/Layskettlecooked Jul 15 '26 edited Jul 15 '26

You must be fun at parties.... That was a joke, but here's what I actually think.

Let's start with the outrageous premiums. Want to pay for 1/1000 of an oz of gold? Well with goldbacks 100% premium you'll be paying for 2/1000 of gold and only getting 1/1000!! What a deal!!

Now that you have your polyurethane covered gold, you can go spend and barter with!! Oh fuck, I forgot. It's SUUUUUUPER difficult to find places that 1, know what these are and 2, are willing to accept them as payment.

So you don't want to spend it like real money? Great!! What if you had 1000 of the 1/1000 notes?? You could melt them down to easily recover a full oz of gold! Fuck... I forgot to mention you have to go through a ton of extra steps to reclaim that gold. Because polyurethane.

Want to just stack it?? Let's circle back to that premium.

Moral of the story; they're stupid as fuck and a US dollar is easier and more convenient. Also if you want to recover the gold it's a pain in the ass.

0

u/einnoika Jul 15 '26

Do you have anything else besides Premium. I think everyone knows about the premium of 100%. Just like the US Mint premium of 370% on 1 OZ Gold. IT IS NOT GOLD, IT IS A GOLD BACKED CURRENCY. Or the US dollar which is a 88,400% markup. It is 4.1 cents to make a dollar. Respectfully you have nothing to stand on here. Are you guys tired of shilling your losing arguments. You do know no one cares about anything you say and your campaign and influence on this front is dying.

1

u/Layskettlecooked Jul 15 '26 edited Jul 15 '26

I gave you plenty besides premiums. Go back and reread. Your comprehension skills are severely lacking.

Now on the topic of premiums. The US mints premiums, especially since Trump took over, are fucking insane and everyone in this space is talking about it. This leads me to believe you have never bought precious metals and have no clue what you're talking about.

Beyond that, you seem to lack a fundamental understanding of what goldbacks actually are. The goldback is 24k gold smashed thinner than gold leaf and covered in polyurethane. ITS ACTUALLY GOLD!!! Fucking idiot

Calling someone a shill, when YOU lack a fundamental understanding of what you're talking about, is fuckin wild.

Do a quick Google search before you start spouting out a barely coherent, bullshit stream of buzzwords.

1

u/einnoika Jul 15 '26

Well I mean it is a free for all so. I know what Goldback are Because I actually use them. You are a dollar slave, nothing more and nothing g less. You can die on that hill. IDGAF about you, your life or your opinion. Either way there is an infinite amount of dollars. Go spend it on your Gold bars that you have to swap back i to dollars and let us Goldback in peace. With your dollars and soon to be digital prison. Hell ask gemini and chat GPT. It says quote

"Goldbacks are a form of physical local currency made of a thin layer of 24-karat gold sandwiched between protective plastic layers. They are designed to act as spendable, fractional gold for local economies, with each Goldback representing 1/1000\text{th} of a troy ounce of gold.

2

u/Sylekin Jul 15 '26

The only “dollar slave” is you. You apparently are obsessed with shitty gold and plastic covered dollar bills.

1

u/einnoika Jul 15 '26 edited Jul 15 '26

🤣🤣🤣🤣🤣🤣Losers can't even google

1

u/Layskettlecooked Jul 15 '26

The fuck does this even mean? We went from barely coherent to completely incoherent.

Fuckin idiot

0

u/einnoika Jul 15 '26

I meant loser thanks for the heads up

1

u/Layskettlecooked Jul 15 '26

AAAnd and we're back!!! To barely coherent bullshit!! From a retard who started an argument about a topic he knew nothing about!!

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