Only an “Idiot” would buy a Goldback…

I guess I am an Idiot😂.

I literally said yesterday that I’d never buy one of these things.

I broke down and bought from OffTheGrid. I used a first time buyer coupon code “Alpha” (in case anyone can use it👍) and they gave you a 1/2 Florida GB free.

I’m started stacking silver and gold in 2014 and hit it hard from 2014-2019.

I said i’d never buy gold or silver ever again. Don’t get me wrong, I love it but have enough. Plus it was less than 50% the cost it is today.

I am a total WHIMP, and literally bought (1) single GB 🙄, please don’t flog me, but it’s a start.

Shipping was 33% the price of the actual gold back, but a good deal.

I honestly bought it for 2 reasons:

  1. I am curious to see it in person and to support the cause.

  2. I love the new FL Pirate design and am buying it to look at because it’s cool and looks like a work of art in the pictures. Very Nice!

So I am in the club now. To be honest I don’t think I’ll buy more of these to stack or use, but it’s a cool idea and it can work!

I can see using the smaller denominations as tips. Whoever revives one of these I bet would think it’s cool and would be intrigued.

They may adopt this themselves. This just needs more “spotlight” on it.

I see APMEX and there are lots of these selling on eBay and buyers are paying the premium.

I think as long as people know they could sell these, if they wanted, they would be less hesitant to buy them.

To me they are double the price of spot so just from a stacking perspective, the premium is a little steep.

I get you’re not just buying the gb only for the gold content contained in bill, but for what it allows you to do. And for the cost and work that goes into making these.

I know I’m not a genius and everyone already knows this, but they seem to cost double spot, at least this one.

5 Florida Goldback $28.51 (1/200 of an oz)

Gold Spot $2,858

Gold Spot $2,858 / 200 = $14.28 Spot

$14.28 x 2 (double) = $28.56.

But as long as these hold their value and premium. These should work great.

I’m excited to receive it.

Take Care Guys!