Sorry for your loss

I could've gotten more had I just been more patient, and sold Zec at the top but it's whatever, I'll live.

What is that? Looks like some sort of foil to me. 0.016 of a gram. Is it even practically worth anything? What is the premium you paid on it?

So I got 100 of them. They cost $387.75 before taxes. They cost 422.16 after taxes. So they are $3.88 per 1/2 goldback before taxes. And they are $4.22 per 1/2 goldback after taxes. The current exchange rate on them are $4.11 per 1/2 goldback.

Goldback

Goldback Exchange Rates: Daily Updates

Stay updated with daily Goldback exchange rates, reflecting 24K gold value. Learn how rates are calculated and why Goldbacks remain inflation-resis...

Here's a video on Goldbacks.

So if I'm counting correctly you have ~$210 worth of gold in those foiled cards. But you payed roughly double the price... Not sure if the claimed utility of the cards can justify the premium.

I mean yeah, I suppose if you look at it that way but I'm just going off what they're selling for. I feel like I paid a fair price, I am sure that hypothetically you could find a cheaper variation out of there somewhere but with goldback it's a symbol of trust in the value. If you don't recognize it that's okay, I do, we're all free to choose our preferred currenc(y)ies. For me, I personally prefer Bitcoin, Monero, Z-cash, and Goldbacks over Fiat, etc.

That's cool!

Nice. I been happy with them. I haven't spent any yet. Just stacking right now.

In all probability its a fad. If we where gonna go back to physical precious metals most would use silver for small purchases and save in gold coins

We'll find out, I'm taking the gamble that sound money backed by real value can succeed over fiat since everyone realizes fiat is broken but most are unaware of the solution.

All the energy put into getting buisness to accept gold backs could be done for silve ounces. Doesn't rely on a central issuer. Doesn't the gold back company to be churning these things out at an insane profit

There fragile too. Just think about the gold back narrative and compare it to silver coinage.

I personally think it’s a more viable way to give people something they understand instead of explaining crypto to them. It’s super annoying, rather tip them in something physical, and call it day, let them be curious, and interested, and if they want to accept it they will. If not just keep tipping until they finally accept them then I could probably use that to open a discussion about crypto. At the very least I’ll know that my purchases will get cheaper over time.