>>60888301
>Goldbacks are goofy and high premium makes them worthless.
Half true, they are very high premium, but nearly everyone whose hand I put a Goldback in wanted one. Some people offered me money for them. Others went out and bought their own. Some started selling them for profit.
>No normies know what they are.
True. We attended a course taught by someone from Utah and he had never heard of Goldbacks, even though Utah is the first State where they became legal tender.
>I don’t want anything resembling fiat dollars. I want gold currency to be a coin like intended.
Goldbacks look nothing like any currency anywhere in the world. You can see they are real gold, Nothing matches the beauty of a gold mirror.
Goldbacks are the only practical small denomination gold specie money that I've seen. A one gram gold coin like the "Maplegram" is worth over $100USD and is about the size of the top 1 mm of a pencil eraser. It is too small in physical size to be of practical use, yet too large in deonomination to be able to be used for small purchases.
I will say again, Goldbacks are a terrible way to STACK gold, but the BEST way I've ever seen to SPEND specie.
We could go to a tokenized gold blockchain at say 1 miligram, redeemable for physical in increments of one gram, but digital tokens aren't specie, just like gold certificates aren't gold, because redeemability can be turned off at a whim.
Goldbacks are physical manifestation of gold specie that is:
-counterfeit resistant
-tamper evident
-resistant to "clipping"
-non destructively testable
-durable
-very beautiful
As a "voluntary" legal tender no one is forced to use them, but their growing popularity, with Florida being the latest, and the increasing number denominations, ranging from 1/2 Goldback to 100 Goldback notes suggests there IS a popular demand for them.
Having a ready to go alternative "legal tender" waiting in the wings for the death of the Federal Reserve Notes is a very good idea.