A Group Buy?! I’m interested @summertooth our #sgs Initiator in this group buy endeavor.
“For one or two 1 Goldback notes as long as they were not the Utah and Wyoming Goldbacks that I already have. Send me the invoice asap.”
“Black birds tend to like shiny things.” ~ The Bloody Raven
His reply was, “Read the card, which will explain things.” In other words, the invoice got lost in the email, or someone picked up the tab.🤔
My Gold Strategy
With silver I can afford some fun. When it comes to stacking gold it’s business. In this category I most often stack for weight, legal tender status, steady predicable growth and not collecting. Pure wealth preservation with boring Maple leafs therefore I hardly mention about it in my posts.
However, this will be an exception.
There is a silvergoldbull.ca Aurum note retailing for a short time in Canada but it doesn’t hold a candle to the beauty of the Goldbacks. I haven’t seen much of these works-of-art north of the border so I won’t pin my hopes on my Retailers having these in anytime soon.
With the current gold price at $2650.00 the 1 Goldback note should be worth at least $2.66USD, Using Hero Bullion’s figures Buy back price $4.77USD, Selling Price $5.27 at the time of this post.
Interesting Buy back price, It's as if the Goldback is also backed in part by reserve cash or other GB assets. Anyone see Goldback's Balance sheet?
I won’t go out of the way trying to collect these but at $5USD it’s a cheap gold thrill and it will appreciate.
The Goldbacks
@punkysdad is more of a banknote collector than I and he is impressed with the beauty and the security features in this form of money. He reminded me of that it can be tradable under Canadian Bartering laws the remission of taxes, that is payment of taxes, are not applicable when bartering goods or services.
That’s If I trade this.
The Goal of Goldbacks; To promote the use of Inflation resistant currency to protect the spending power of families and individuals at any income level.
Goldback.com does not produce these very fungible gold trade notes but the force behind a practical, alternative inflation resistant and stable form of currency.
Valaurum is the company that manufactures the Aurum notes.
The Mission statement;“Our mission is to revolutionize the way investors add gold to their portfolios. Our products modernize precious metal ownership by providing a versatile, beautiful, and verifiable standard for gold.”
With the current up swell in State legislation to re-establishing precious metals as a Reserve, eventually each community can have these tradable/negotiable notes in the years to come. I can see these circulating all over North America regardless of which state these Goldbacks were from.
With Canada having no gold reserve, it will be the game of Catch up when our Fiat hits the Fan.
And, the Message on the Card?
As to who paid the tab, postage and the greetings card? 🎁👈
“Get well with love, from @trumpman”
”Get well with love, stay strong!” 🙂☮️❤️ @summertooth
Gentlemen of Hive’s #silvergoldstackers you both are a credit to the community with Hearts of Gold, Thank you for these beautiful gifts! 🤗💛💛
Stacking Hive, and Precious metals for those dark stormy days!
The #piratesunday tag is the scurvy scheme of Captain @stokjockey for #silvergoldstackers pirates to proudly showcase their shiny booty and plunder for all to see. Landlubbers arrrh… welcomed to participate and be a Pirate at heart so open yer treasure chests an’ show us what booty yea got!
References & Sources
Photos are my own shot with an ancient 2018 Samsung SM-A530W or otherwise indicated.
P. Image under Pixabay
W. Wiki Commons
☠️🎃 Page Dividers by thekittygirl. ❄️🌞
Cameo Raven Brooch from The Black Wardrobe.
The 2024 Hive 0.999 Silver Round.
Physical precious metals bullion stacking is only a part of my personal overall financial strategy. What form in physical bullion style is my choice since I have achieved my target goal in this category. Please, do your research before deciding to buying any bullion products.