Goldbacks Reddit - Are Goldbacks Worth Getting?
Goldbacks have made a splash in the gold collecting and investing scene by introducing a fancy and fun new method of collecting and trading gold. As with every new trend, Goldbacks have found themselves at the center of discussion on the popular internet forum Reddit. Let's dive into the most popular discussions about Goldbacks found on Reddit.
Post #1: "Are Goldbacks worth getting? Want to start stacking and start off slow. Suggestions?"
Originally posted in r/Gold, this reddit user asked the Gold collecting community on Reddit if they thought Goldbacks were worth buying.
The top comment from TheRealestBlanketboi reads,
"I think Goldbacks are 100% worth getting, but if you're getting them in any sizeable amount more than just for novelty, you'll want to buy from the right places."
At The Republic National Mint, we offer the best discounts on Goldback notes so you can stack with confidence!
The next comment comes from technician451:
"They are and they aren't. What's your intention here with Goldbacks? Is it a long term investment that will sit in a safe? Is it something you want to actively use everyday when possible at bars, restaurants, etc?
Long term investment wise, go with gold coins, or bars, etc. The problem is the extraction and smelting costs to get the gold out of the goldback, exceed the 1 goldback value.
Whereas, if this is to do some transactions with and actively use, it might be better. Of course, its voluntary currency, not "legal tender", so you would need a vendor who wants them and is aware of goldback and gold prices."
We want to point out that the company who manufactures Goldback notes will take back any Goldback notes that appear worn out and replace it with a fresh note! So, any worry about having to smelt the gold from the note is unecessary.
The last comment comes from Reluctantdegen who says,
"Just do it. Get some."
We can't argue with that!