Circulating Gold Currency & New Legal Tender Laws (With Goldback Inc CEO)

There are now 23 states making moves to remonetize gold & silver through legal tender laws. The states understand that dollar alternatives are necessary as inflation continues to devalue the US currency.

Today I speak with Jeremy Cordon, CEO of Goldback Inc about this shift toward the precious metals as safe havens and real money. Goldbacks are the most successful alternative currency in the US to date, with operations in Utah, Nevada, New Hampshire and most recently Wymoning.

I am not a CPA, attorney, or licensed financial advisor and the information in these videos shall not be construed as tax, legal, or financial advice from a qualified perspective.

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Video Breakdown:
00:00 An Interview With Jeremy Cordon, CEO Of Goldback Inc.
01:44 23 States Have Proposed Gold & Silver Legal Tender Laws
04:50 Why Are Goldbacks In Utah, New Hampshire, Nevada & Wyoming?
09:53 Using Goldbacks In Non Goldback States
13:33 Introducing New Audiences To Precious Metals As Money
18:12 Gold Vs Gold Coins & Bars - High Utility & High Premiums
26:10 Silver's Role In The Future Of Money
33:59 Copper Bullion Vs Goldbacks
36:44 Goldbacks - The Most Polarizing Form Of Bullion
42:48 2023 Banking Crisis Has Created A Surge In Goldback Demand
45:27 Alpine Gold Exchange - Earning Yield On Gold?
49:48 Zero Bid Ask Spread On Goldbacks

#gold #goldbacks #silver #silverstacking #inflation #goldcurrency #dedollarization #barter #shtf #fractionalgold #goldback

[squidster]

I love this! These states are sick and tired of devaluing fiat, and making their own gold backed money in defiance of the federal gov! GO GOLDBACKS! GO WYOMING! GO UTAH! GO NEVADA! GO NEW HAMPSHIRE!

[robertwalker]

I understand the complaint about premiums. I had emailed Jeremy when the Utah first came out. In the beginning there was a formula for a Goldback price. But it was clear that the secondary market for Goldbacks that drove the price up well beyond the initial formulated price. He was kind enough to engage, and mentioned that ultimately market forces have to predominate otherwise it would be another manipulated market. Initially I felt as the floating of the value of a Goldback based on the average retail price was “defeating” the initial purposes of Goldbacks. With time I appreciate the utility value of Goldbacks. I do think that the criticism of hyper premiums is misplaced in that the utility value of Goldbacks if used in commerce does outweigh its spot value. The fact that when you transact with Goldbacks the utility value is not lost. The utility value of Goldbacks is only lost if you melt them down or you treat Goldbacks as a novelty thus nullifying it’s utility value. The other thing is that critics don’t seem to get is that there is quite a bit of technology that goes into making a Goldback, it is not just gold slabbed between polymer; it is a highly precise form of technologically enhanced currency.

[birdsherbsadventures]

Shout out from Utah, great content and guest. I am a member of U.P.M.A. at Alpine Gold Exchange and just want to say they offer some great services and are Legit. Great company !!

[silverback]

I am 43 and I love silver and I can't wrap my head around why people want gold at 2100 a ounce with silver at 29 with premiums. This video didn't help it makes me just want to buy more silver and like the guy says then when GSR goes down then maybe get some goldbacks with silver. Before this video I was against goldbacks, but now I could see myself owning a few of them...

[kevinharrington]

Thank you for the great introduction into the goldback world. I’ve heard of them, but knew nothing about them. Time to start researching!

[liquidelectrum]

This is frigging awesome. I loved Goldbacks ever since the start. I knew they would take off. Bravo! What a great concept. Jeremy is one smart cookie.

[therealhawkeyeii]

As storage goes, their free storage sounds great, but any storage scheme has the same problem, and that's that one of the main purposes for owning gold and silver is to eliminate counterparty risk. All storage schemes have counterparty risk.

[keithknechg]

The biggest issue i see is most retailers are locked into ( what would this be worth in dollars" its a mindset that will take time to overcome.weird part is 100, and up, yrs ago every one used gold and silver as day to day currency.thats the mindset/ flexibility that we need to regain.interesting video.

[ILLUMINATOR]

Goldbacks can be usedAnywhere they are accepted by others👍

[elaineweddle]

Silver is also a monetary metal. Not just industrial.

[Disinfective_Vibes]

Jeremy Cordon, this guy is really a straightforward honest man. The most honest guest in the channel so far!

[goosecouple]

"A nation of sheep will beget a government of wolves."

[HexproofAnarchist]

I really hope that these GoldBacks catch on and are adopted across the land. Also it'd be nice if that premium comes down some more 😅

[danielbbq]

Wherever you are, ask, "Will you take gold for that?" If they say yes you're trading Goldbacks! You don't have to wait for your state to officially accept them.

Carry your Goldbacks and show them around! Ask questions like:
Do you want cash or gold?
I accept gold. Do you?
Can I pay in gold?
Want gold for that?

Then explain what the Goldback is and teach them how to transact in Goldbacks. That's it.

[abramtaylor]

The Goldback is the future of sound money.

[dudewhathappenedtomycountr]

The MEDIA has pitted us against each other, but GOLD has the potential to unite us. Finally! Music to my ears.

[valerieprice]

Gold and silver don't need to be "remonetized". FDR's unconstitutional executive order was abandoned in the 1970s, shortly after Nixon closed the gold window. Gold and silver are money, and under the Construction, gold and silver are legal tender, including bullion in amounts over $500. The legal tender laws just remove the tax on amounts below $500.

[gregorybourgeois]

Great, informative video on Goldbacks. I live in Utah, and purchased a couple thousand dollars worth of Goldbacks last year in different denominations to add to my stack. Thanks
Jeremy.

[PJ_MIKE]

Great interview! Thank you for introducing me to Goldbacks!

[weekendjail]

Any fellow Michiganders here-- let's all go sponsor our state and write our state reps/state senators, etc. LET'S DO THIS. ❤