Theyre not investmennt pieces. The premium on them is rediculously high.then add in the cost of retrieving the gold out of them. The worst way to accumulate gold. Theyre really just a novelty.
Agree & disagree 😉. The gold in them are closer to spot price than most lower denominations of gold coins because they’re so pretty, verifiable & easy to trade that people want them more right now.
I’ll think we’ll need all kinds of metals & denominations & the difference with Goldbacks is that people are trading these with hundreds of businesses TODAY. That’s not what’s happening with coins at the moment, but will be during an economic collapse.
Personally, I’m buying all kinds of precious metals. Goldbacks, silver & gold coins are all a part of that. Goldbacks are just another brilliant economic weapon for me, so I’m glad it’s catching popularity.
The premiums on them are ridiculous as well.but they are kinda cool. I still dont have 1 in silver cuz i cant justify the premium.
If you really need fractional,you can make your own with a burnzomatic and a scale.
I rarely buy anything less than an ounce with silver. Premiums are too high. Youre gonna pay 25ish dollars for 1/2oz. For 3 dollars more,you get a full ounce.
Gold,i really dont buy less than a 1/10oz. The smaller you go,the more ridiculous the premiums get.
The name of the game is to get as much metal as you can for your fiat.
I just finished watching that. The guy making the video is a bit of a charisma black hole, but the whole concept is amazing.
I love that whole communities are using them, I would love to be able to have something like that here in the Uk
Lol. It absolutely is amazing & it’s going to take over the world. As far as I know, these are investment pieces that you can purchase from anywhere.
It can all start with YOU in your country. You can keep it as an investment, like a gold collectors coin without trading it like cash.
Show it around enough & people around you may begin to agree with us. It’s a brilliant solution to a lot of economic issues worldwide.
Theyre not investmennt pieces. The premium on them is rediculously high.then add in the cost of retrieving the gold out of them. The worst way to accumulate gold. Theyre really just a novelty.
https://www.reddit.com/r/Gold/s/QKdjbhGtyz
Better off buying the coins and bars. If its to be money again, gold is for large purchases,silver is for your everyday small purchases.
Agree & disagree 😉. The gold in them are closer to spot price than most lower denominations of gold coins because they’re so pretty, verifiable & easy to trade that people want them more right now.
I’ll think we’ll need all kinds of metals & denominations & the difference with Goldbacks is that people are trading these with hundreds of businesses TODAY. That’s not what’s happening with coins at the moment, but will be during an economic collapse.
Personally, I’m buying all kinds of precious metals. Goldbacks, silver & gold coins are all a part of that. Goldbacks are just another brilliant economic weapon for me, so I’m glad it’s catching popularity.
Valcambis seem to be the best for small purchases, because you can break off little squares.
The premiums on them are ridiculous as well.but they are kinda cool. I still dont have 1 in silver cuz i cant justify the premium.
If you really need fractional,you can make your own with a burnzomatic and a scale.
I rarely buy anything less than an ounce with silver. Premiums are too high. Youre gonna pay 25ish dollars for 1/2oz. For 3 dollars more,you get a full ounce.
Gold,i really dont buy less than a 1/10oz. The smaller you go,the more ridiculous the premiums get.
The name of the game is to get as much metal as you can for your fiat.
It's certainly an idea whose time has come.
Yep! That time is so ripe, it’s staring to STINK