Greg, please reach out. I show people how to grow a lot of food in their backyards, even if they have no experience, are older, or out of shape. Check out my blog at https://thegrownetwork.com
I bought her book, i am gardening on my own little stoop tomatoes and chives, she inspired me. i want to get bigger with the chickens and rabbits for the protein end
I bought her book, i am gardening on my own little stoop tomatoes and chives, she inspired me. i want to get bigger with the chickens and rabbits for the protein end
Hi Greg, FYI that there is no audio in the video playback. The podcast works great as usually, but I tried watching the video on several devices and separate browsers without success.
I don't understand these things. The cost of the gold back should be the same for each denomination... Right ? So 1/1000th of an ounce bill should cost the same to make as the 1/2000th bill.... The only difference In cost should be the weight of gold.. so why when I look at at the gold back cost for a 50 (1/20th of Troy ounce of gold ), the gold value in that bill is about $160... But the cost of the bill is $320. So we are paying 2x the actual cost of the gold to buy these bills ? I must be wrong here ?
So your paying 160$ on top of the gold in the bill just for a flashy bill ? That doesn't make sense at all. It's much more easy to just do 1 gram gold bars.
You buy them for double the spot price of gold yes, but they trade at double spot too and increase with the gold price. You never lose the value or "premium" you spend when you buy them.
That doesn't really make sense does it ? The cost to print these bills is less then $3-4... Clearly, because they have 1/2000 of an ounce for like $6... So , now the cost of a 1/20th of an ounce should be roughly $160+ $5. That would make the most sense.... Why would I pay this company an extra $160 for a bill... The real value is in the gold. They have an incorrect business model.... It's an overpriced gimmick in my eyes.
Production is not equal in value, but you’re also missing everything else that goes into these. The artwork, the anti-counterfeiting security features, the serial numbers, the building of the distribution network, and the production. All those things add value. The 1/2000th of an ounce is a loss leader in order to make the system work. They eat that cost in order to create a fungible money system.
What’s the profit margin on the paper in your wallet? Thousands of percent in markup. What’s the floor of the paper in your wallet? Zero. What’s the floor for crypto? Zero. Goldbacks have a 50% guaranteed “theoretical” floor. They’re currency with actual value. Not sure how that’s a gimmick.
Yes and the other 50% goes directly to the creater of this company ? This makes no sense. It's wayyy better for people to trade silver and small 1 gram bars of gold. They are saving at least 50% of their TRUE value. I can appreciate the art work... But it's a print.. that's all it is.
The only way this business makes sense if there is a surcharge for the cost of the bill, art work and security.... And let's say about 5$ for each bill. But it makes no sense when you are buying a larger denomination of gold that 160$ goes to the gold content and the other $160 goes to the owner of this company... That's ass backwards... I'm surprised Greg got being this product. I definitely believe in decentralized finance and to get away from the government but for the owner to pocket 50% of the value of these things shows he's not trying to change the world... Shows he's a greedy greedy man
Must be. But I'll be 50% richer... I prefer that other 50% in my pocket. But you guys give Jeremy 50% of your money if you like, they are very pretty pictures. It's a great concept but he should set the cost of creating the bills as one fee ... Let's say $10. Then it's very easy to measure. Whatever the weight in gold +$10... That makes sense. He makes money off each bill and it's fair for everyone else. But when someone wants to buy $100,000 worth of these things and only gets back 50k worth of gold, you guys are supporting a scam but rationalizing it by pretty pictures and security?
He grabbed a great concept... Putting money into bills. Great. Patent that idea. But don't steal 50% of the value of the bill.. that's all I am saying.
Probably a coin shop if you’re wanting to do the physical transaction. If you join the United Precious Metals Association (Geni.us/UPMA), you can swap between gold, silver, goldbacks, and paper dollar within the UPMA vault.
Your guest is an uptalker. For this reason alone I have a problem with him. Uptalkers are unsure of their statements, ending most with an upward inflection of the voice as if posing a question.
I met a guy who was supposedly an SME in trading shares. Similar trait, needless to say, the others in the group who took his advice were well and truly out of pocket not long after implementing is 'sure fire strategies' to make a million. He did alright out of it thought.
Greg, please reach out. I show people how to grow a lot of food in their backyards, even if they have no experience, are older, or out of shape. Check out my blog at https://thegrownetwork.com
I follow you MW - excellent advice every time
If any Human, can't grow food, they should shoot theirself
I hit my 'reply' twice sorry
I bought her book, i am gardening on my own little stoop tomatoes and chives, she inspired me. i want to get bigger with the chickens and rabbits for the protein end
I bought her book, i am gardening on my own little stoop tomatoes and chives, she inspired me. i want to get bigger with the chickens and rabbits for the protein end
Goldbacks are the best MONEY ever created.
Hi Greg, FYI that there is no audio in the video playback. The podcast works great as usually, but I tried watching the video on several devices and separate browsers without success.
Thanks and appreciate your podcast!
Semper Fi,
Scott Reese
They both work for me. It's your phone
not working
Was same on phone, desktop, and laptop ... in both chrome and edge browsers
🤔
Wondering about purchasing this with the Canadian peso…..
I don't understand these things. The cost of the gold back should be the same for each denomination... Right ? So 1/1000th of an ounce bill should cost the same to make as the 1/2000th bill.... The only difference In cost should be the weight of gold.. so why when I look at at the gold back cost for a 50 (1/20th of Troy ounce of gold ), the gold value in that bill is about $160... But the cost of the bill is $320. So we are paying 2x the actual cost of the gold to buy these bills ? I must be wrong here ?
James, Goldbacks are all about spendable gold utility. Goldbacks are the fastest growing product in the gold market.
Jim and John know the score: https://rubino.substack.com/p/time-to-take-profits-in-gold-mining
So your paying 160$ on top of the gold in the bill just for a flashy bill ? That doesn't make sense at all. It's much more easy to just do 1 gram gold bars.
You don’t understand utility do you
You buy them for double the spot price of gold yes, but they trade at double spot too and increase with the gold price. You never lose the value or "premium" you spend when you buy them.
That doesn't really make sense does it ? The cost to print these bills is less then $3-4... Clearly, because they have 1/2000 of an ounce for like $6... So , now the cost of a 1/20th of an ounce should be roughly $160+ $5. That would make the most sense.... Why would I pay this company an extra $160 for a bill... The real value is in the gold. They have an incorrect business model.... It's an overpriced gimmick in my eyes.
Production is not equal in value, but you’re also missing everything else that goes into these. The artwork, the anti-counterfeiting security features, the serial numbers, the building of the distribution network, and the production. All those things add value. The 1/2000th of an ounce is a loss leader in order to make the system work. They eat that cost in order to create a fungible money system.
What’s the profit margin on the paper in your wallet? Thousands of percent in markup. What’s the floor of the paper in your wallet? Zero. What’s the floor for crypto? Zero. Goldbacks have a 50% guaranteed “theoretical” floor. They’re currency with actual value. Not sure how that’s a gimmick.
Yes and the other 50% goes directly to the creater of this company ? This makes no sense. It's wayyy better for people to trade silver and small 1 gram bars of gold. They are saving at least 50% of their TRUE value. I can appreciate the art work... But it's a print.. that's all it is.
The only way this business makes sense if there is a surcharge for the cost of the bill, art work and security.... And let's say about 5$ for each bill. But it makes no sense when you are buying a larger denomination of gold that 160$ goes to the gold content and the other $160 goes to the owner of this company... That's ass backwards... I'm surprised Greg got being this product. I definitely believe in decentralized finance and to get away from the government but for the owner to pocket 50% of the value of these things shows he's not trying to change the world... Shows he's a greedy greedy man
You just don't get it.
Must be. But I'll be 50% richer... I prefer that other 50% in my pocket. But you guys give Jeremy 50% of your money if you like, they are very pretty pictures. It's a great concept but he should set the cost of creating the bills as one fee ... Let's say $10. Then it's very easy to measure. Whatever the weight in gold +$10... That makes sense. He makes money off each bill and it's fair for everyone else. But when someone wants to buy $100,000 worth of these things and only gets back 50k worth of gold, you guys are supporting a scam but rationalizing it by pretty pictures and security?
He grabbed a great concept... Putting money into bills. Great. Patent that idea. But don't steal 50% of the value of the bill.. that's all I am saying.
I guess I am too libertarian
Volume difference between your voices was a little frustrating. Thanks for this info though!
Beautiful looking bills!
When I wrote about Goldbacks in December 2023 (https://poetseye.substack.com/p/leave-the-financial-kill-box), I was purchasing them for about $4. Now, they're trading at $6.62, outperforming gold bullion over the same time period.
I'd like to know where I can trade for a gold piece
Probably a coin shop if you’re wanting to do the physical transaction. If you join the United Precious Metals Association (Geni.us/UPMA), you can swap between gold, silver, goldbacks, and paper dollar within the UPMA vault.
Thank you for the valuable information.
You're welcome, and that is my referral link.
Nice one Greg. This finally convinced me of Goldbacks. I'm in.
Jeremy clearly does know/follow CAF.
She does NOT advocate 'going it alone'; and 100% says to 'build community'!
A MUCH BETTER interview, with CAF, instead of the Cucker Tarlson one, was the one that Jimmy Dore did. He asked Catherine MUCH better questions......
Catherine Austin Fitts FULL INTERVIEW w/ Jimmy Dore
https://rumble.com/v6t8esj-catherine-austin-fitts-full-interview-w-jimmy-dore.html?playlist_id=watch-history
You can only get a free goldback if you live in Florida. That's bullshit. Didn't say that on the interview.
Great interview. Again. Thanks 😊
Your guest is an uptalker. For this reason alone I have a problem with him. Uptalkers are unsure of their statements, ending most with an upward inflection of the voice as if posing a question.
I met a guy who was supposedly an SME in trading shares. Similar trait, needless to say, the others in the group who took his advice were well and truly out of pocket not long after implementing is 'sure fire strategies' to make a million. He did alright out of it thought.
A bit off topic but a cool possible guest:
https://www.youtube.com/live/Kjw3D8jq710?feature=shared
Ana Maria Oliva
My bad on Florida goldbacks. You can get 1 free. I wasn't paying attention.
33 states are on board now