Why Use Goldbacks For Money.

[BADecker]

Goldbacks are dollar-sized 'sheets' of plastic shielding that protect a small amount of gold. I have as much question about them as anybody might. But several States have already issued them in several denominations containing certain small amounts of gold.


BrightLearn - Exploring Goldbacks: A New Currency Revolution, an interview with Jeremy Cordon - https://www.brighteon.com/800c523d-3883-4f56-80cf-43b2fd7056c7

[Hispo]

The main problem of gold is how it can be easily counterfeited even in seemingly easy solutions or presentations to carry sound and pay with. It would not be the first time, by the way. Here in my country there have been several examples of people trying to exchange their gold for dollars, only for the buyer to realize (mostly in time) he was being sold bronze dust.
That is why Bitcoin is an ideal solution for those who want to store their value in the long term, as satoshis are impossible to counterfeit and easy to conceal.
In the future and as adoption grows, people will see how the value of gold decreases when compared to Bitcoin.

[montaga]

The main problem of gold is how it can be easily counterfeited even in seemingly easy solutions or presentations to carry sound and pay with. It would not be the first time, by the way. Here in my country there have been several examples of people trying to exchange their gold for dollars, only for the buyer to realize (mostly in time) he was being sold bronze dust.
That is why Bitcoin is an ideal solution for those who want to store their value in the long term, as satoshis are impossible to counterfeit and easy to conceal.
In the future and as adoption grows, people will see how the value of gold decreases when compared to Bitcoin.

Counterfeit is not real a issue with Goldbacks the price is mainly production cost.
It is a novelty use on some markets, i have some for collection purpose a  fiver and four single Goldback bills.
Bitcoin is better money.

[BADecker]

Goldbacks can be traded between people hand-to-hand. You need electronics to do that with Bitcoin.

Bitcoin's all time high was something like $124,128 on August 14, 2025. Right now it is about $114,500. But gold will always go up now that Trump is removing the controls off the price of gold.

[White pawn]

Goldbacks is a form of currency that combines the value of gold with the convenience of paper money.

Now why Goldbacks is used because it has some benefits why using it.it provide a sense of security and stability.
Goldbacks are physical gold, and are tied to the value of gold and are less to currency devaluation.
Goldbacks also facilitate international transactions and are widely recognized.
Goldbacks can also serve as a store of value so that individuals can hold assest that can be easily modify into goods and services.

One can still benefits the stability and security from gold while still enjoying the convenience of a paper currency.

[BADecker]

What we need is sensitive, small, handheld metal detectors, that can differentiate between gold and other metals. Then we could run each goldback through it whenever we were doing a trade, to make sure it wasn't counterfeit.

These devices could be taken to authorized locations for recalibration now and again. The standard would be the same for each calibration station, because gold is gold.

If my little metal detector doesn't read the goldback I am receiving correctly, I simply won't trade until I am satisfied about the particular goldback in question.

[montaga]

Goldbacks can be traded between people hand-to-hand. ............

So are Bitcoins, newcomers may not yet have used paper wallets

[BADecker]

Goldbacks can be traded between people hand-to-hand. ............

So are Bitcoins, newcomers may not yet have used paper wallets

How many sheets of paper does it take to make a paper wallet? One, if the type is small enough so you can't see it?

[caroasi]

I'm not entirely convinced about Goldbacks. The main short to medium term issue I have with Goldbacks is with their durability. The long term issue I have with gold in general is the ability to verify its authenticity. This is more of a long term issue because there are no international merchants accepting it that I'm aware of yet. I think silver is much better in that regard, as there are affordable ways to verify that quite easily.

I think silver could be the future of local retail if people would only see its value, but gold is just too small for most retail transactions to be something that can be verified easily.

A more minor issue is premium. There has to be someone paying the premium to get them into circulation. who will that be?

[DeathAngel]

I don’t see many people ever using them as a real currency, a medium of exchange. I know that technically they are but for me they are a bit gimmicky, they are great as a collectors item though & I can imagine that they might increase in value in time to come. I’m not sure if many people will try & use them as actual currency.