Good point. If I were in an economic meltdown with only a $2000 Troy oz of gold in my pocket, it would be hard to get groceries, gas, etc. The lowest tiny gold coin I’ve held is worth about $250 per coin.
In a disaster situation (where gold would skyrocket in value), I would want lower denominations of metals, I’d want them from a 3rd party-vetted/trusted source & not too heavy or small (easy to lose). The Goldback is minted in 1/1000ths of a oz of gold, 5/1000ths 10, 25, and so on. All verifiable REAL gold. 1 Goldback has a coin (the size of the tip of a thick sharpie) stretched across a long, light surface that fits my wallet perfectly for the groceries & gas needed during a cyber attack, for example. We’ve only had the technology to do this to gold since 2019.
Also, Goldbacks are closer to spot value than a lot of lower denomination gold coins, so it’s a huge plus to have these stored away, in addition to a good prepper coin collection.
Don't you think that if it gets to the point where we can't buy groceries with dollars anymore that people would switch to bartering? Most people do not have any amount of gold.
Valid point. Costco is trying to change that with their sales of gold bars, lol. I agree, most normies will not be prepared unfortunately, and bartering will also be a huge part of the coming economic downturn.
It's interesting. And I guess it's easier than carrying around gold dust and needing precise scales. As long as the goldback is easy to verify and hard to counterfeit, it could work.
I've read about the times when gold was circulated commonly, over a century ago. Strange to think about it now, when the majority of people have never even seen gold coin at all, and nobody alive has spent one at face value.
Good point. If I were in an economic meltdown with only a $2000 Troy oz of gold in my pocket, it would be hard to get groceries, gas, etc. The lowest tiny gold coin I’ve held is worth about $250 per coin.
In a disaster situation (where gold would skyrocket in value), I would want lower denominations of metals, I’d want them from a 3rd party-vetted/trusted source & not too heavy or small (easy to lose). The Goldback is minted in 1/1000ths of a oz of gold, 5/1000ths 10, 25, and so on. All verifiable REAL gold. 1 Goldback has a coin (the size of the tip of a thick sharpie) stretched across a long, light surface that fits my wallet perfectly for the groceries & gas needed during a cyber attack, for example. We’ve only had the technology to do this to gold since 2019.
Also, Goldbacks are closer to spot value than a lot of lower denomination gold coins, so it’s a huge plus to have these stored away, in addition to a good prepper coin collection.
Don't you think that if it gets to the point where we can't buy groceries with dollars anymore that people would switch to bartering? Most people do not have any amount of gold.
Valid point. Costco is trying to change that with their sales of gold bars, lol. I agree, most normies will not be prepared unfortunately, and bartering will also be a huge part of the coming economic downturn.
It's interesting. And I guess it's easier than carrying around gold dust and needing precise scales. As long as the goldback is easy to verify and hard to counterfeit, it could work.
I've read about the times when gold was circulated commonly, over a century ago. Strange to think about it now, when the majority of people have never even seen gold coin at all, and nobody alive has spent one at face value.
I could not agree more.
Ecconomic meltdown you will Need 2000 for groceries
Hah, yep, that will probably be so with Bidenflation!