Galt's Gulch

New 1/4 Goldback to keep Gold spendable in small amounts.

Posted by $ BornSovereign 2 days, 10 hours ago to Government
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Speaking of Constitutional Money, new Idaho 1/4 Goldback is arriving soon to keep Gold spendable in smaller amounts. https://member.upma.org/?referral=083...

The Modern Gold-Backed Currency known as "Goldbacks" originated in Utah and now are produced in several other states. https://www.goldback.com/

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  • Posted by mccannon01 1 day, 14 hours ago
    Very interesting, but with the current price of gold isn't it a bit late to get in on this game?
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    • Posted by Commander 1 day, 5 hours ago
      Silver (physical) is better for the longer range storage of wealth. Silver coin (junk 90%) is selling below spot because the refineries are backed up. Junk silver is more common in exchange in my area than I thought. I'm offering my customers this payment option.
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      • Posted by freedomforall 7 hours, 17 minutes ago
        I'm wondering if silver will fill the price gap up at about $63 from Dec 16-17.
        Charting analysts often point out that such gaps are almost always filled in later trading.
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        • Posted by Commander 6 hours, 44 minutes ago
          Have you noticed a historic pattern of NYSE silver and gold at 9-11 AM? Every day paper is dumped on the market, dropping futures 5ish%, then recovering to start/stop of trading .....until mid 2024. The 5T injection (2020) of fiat is catching up faster than the 7T of 2008. The currency must be underpinned by something other than oil. Silver is still far below demand value. US will need $1700 silver and $40000 gold to meet 40% equivalent of debt.
          All of the Trump admin actions seem to be breaking up the banking industry and shaking out the paper. War in Iran just struck a hard blow to insurers of cargo ..... I think March 4 was announcement that US would back insurability through Hormuz. Killing the cabal under their own terms.

          I really want to know; Who are the "brains" behind all of this?
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          • Posted by freedomforall 6 hours, 26 minutes ago
            Yes, the banking cartel has been suppressing silver pricing for decades using their ability
            to create money from nothing to manipulate prices.

            Silver's industrial demand will be greatly reduced long before $1700/oz.
            Solar use is already dropping and other consumer product circuit use will follow due to cost.
            OTOH, large data centers for AI are more likely to continue silver use for performance reasons.
            At >$300/oz there will be research into alternatives though.

            I have no inside info on Trump's 4D chess, but lately it appears to me that the administration is
            acting to fortify the $ banking system to support US hegemony and reduce China's ascent.
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    • Posted by $ BornSovereign 1 day, 9 hours ago
      It's not too late! The dollar will continue to drop until it's worthless. So, invest frequently and in small amounts. When gold prices are medium to high, invest in households or food storage. When gold prices are down, invest in goldbacks.
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  • Posted by CaptainKirk 5 hours, 36 minutes ago
    This is a better idea than trying to spend gold, or trade gold back in.

    During these pumps. Realize a lot of us paid 5-10% premiums on purchases, and 10%+ on sells. So the price has to move a lot before you turn a profit.

    Is it late? No. you should be buying a little every month... Because that's the LAST money I will sell. It's designed to be left to my children. And if I am spending it. It's because I've run out of options.

    At ANY price in history. People who did this, and left it to their children, ENRICHED their children.

    Of course, you ONLY do this if you taught them proper values, etc. If mine were libtards, I would find good causes and other people to support!
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