I found our replacement currency last year!
Posted by RobDGenX@reddit | collapse | View on Reddit | 29 comments
I had a tenth of a bitcoin and had turned $360 into about $8000. I sold it all in 2025 with the release of the digital art Goldbacks. Beautiful, Functional, Collectable, Valuable. I love them and spend the small denominations.
insane_steve_ballmer@reddit
If you wanna buy gold then buy gold, not NFTs
RobDGenX@reddit (OP)
This is a physical currency. www.goldback.com Started in 2019 in Utah. Then legislators started to clear the path for these as negotiable instruments in NV, NH, WY. SD, FL, OK, AZ, ID, and next California in May.
insane_steve_ballmer@reddit
You’re dependent on the continued existence and compliance of the company that makes these. I strongly recommend you trade them back asap and buy real gold instead.
collapse-ModTeam@reddit
Rule 3: Posts must be on-topic, focusing on collapse.
Posts must be focused on collapse. If the subject matter of your post has less focus on collapse than it does on issues such as prepping, politics, or economics, then it probably belongs in another subreddit.
Posts must be specifically about collapse, not the resulting damage. By way of analogy, we want to talk about why there are so many car accidents, not look at photos of car wrecks.
epadafunk@reddit
What happens when goldback inc goes under?
RobDGenX@reddit (OP)
This one has 1/4000th of a Troy Ounce of 24k gold leaf in it. Gold worth about $1.20 right now. It sells for $2.40. In the collapse, it's a loaf of bread. The 1/2Ǥ is a gallon of gas, and the Ǥ1 is a steak.
nastibass@reddit
Wait wait wait. You think that after a collapse of the global economy that a loaf of bread will cost $1.20 in gold?
nastibass@reddit
Hows about $20 minimum. If were still producing wheat.
imalostkitty-ox0@reddit
Very literally, yes — because in South Africa, an arguably distinct 2nd world country, I paid 54 ZAR for a loaf of bread and jar of peanut butter to give to a homeless person (who shared with all his friends/family). For people living in that country, 54 ZAR absolutely translates to the equivalent of $54USD. I have a family member with a PhD who travels 60 minutes in each direction to work a one hour tutoring job that pays her a total of $8 USD, or “135 funnybacks”. She has to ignore to the core of her being that that 85 out of 135 of her earned Rand (so, roughly $5 out of $8 USD) went just to gasoline costs, being conservative.
So, for the drive there, back, and the time she spends tutoring the child of the filthy rich family, she nets at most $3 USD.
This is ignoring the costs associated with maintaining her car, which is for some baffling reason, brand new.
She spends a minimum of 45-60 minutes in traffic, tutors a kid for 60 minutes, and then goes home in 45-60 minute traffic.
She is making $1 an hour with a PhD.
RobDGenX@reddit (OP)
Gold is intrinsically valuable and the world is priced in Gold. Whatever something costs today IN GOLD, that's what it will cost at a collapse. You think Gold will suddenly collapse and bread explode?
epadafunk@reddit
Can't eat gold.
RobDGenX@reddit (OP)
You can eat whatever gold buys. Are you guys not understanding the 5000+ history of gold? Only in a digital world do we lose the concept of gold. If there's a collapse, the world returns to gold and silver for trade.
synocrat@reddit
And direct barter. Currency makes things easier for transactions. But local barter houses could be maintained more easily than trusting some plastic with a touch of gold leaf in it marketed to rubes.
nastibass@reddit
Well you can, but it only makes your poop a little more valuable than it was before.
imalostkitty-ox0@reddit
Or that you’ll be allowed to use the internet?
RobDGenX@reddit (OP)
Thus isn't the internet. www.goldback.com It's a physical currency with gold leaf. Here is all the new digital art.
RobDGenX@reddit (OP)
In gold, yes. In Fiat, that's a benjamin.
HandH2@reddit
And what are people going to do with the gold? It has no utility in a collapse scenario and as such no worth.
RobDGenX@reddit (OP)
I promise, we won't be using bottle caps.
RobDGenX@reddit (OP)
You still have goldbacks. I'm not sure what you're asking.
ChromaticStrike@reddit
Woot?
If I want to buy gold I buy gold.
RobDGenX@reddit (OP)
Yup, 1/4000th of an ounce makes this the gold for your everyday purchases. You can't buy a loaf of bread with a quarter ounce round.
ChromaticStrike@reddit
I never said in which form you use it.
RobDGenX@reddit (OP)
Always need a currency, just has to be backed by real gold and/or silver. We are on the verge of collapse because we have debased our currency and then printed fiat dollars to the point of $38T.
synocrat@reddit
You're putting a hat on a hat. Obviously physical silver and gold would be the more logical currency to carry around. A 90% silver quarter is worth $5 or more in melt value now.
RobDGenX@reddit (OP)
This is my favorite hate. You walked right into this one.
To have a currency work in a society, it needs to solve some basic rules. If it doesn't, it will not work.
*Acceptability-It must be widely accepted as a form of payment by all participants in an economy.
Gold and Goldbacks are about equal here. People will take either, but you have to explain it. 0Ǥ-0Au
*Scarcity-The supply of the currency must be controlled and relatively scarce to maintain its value over time.
Both are made of scarce gold. 1Ǥ-1Au
*Durability-The currency must be able to withstand physical wear and tear during circulation. Coins and specially designed paper bills are made to be long-lasting.
Gold is durable, the polymer in GBs makes gold leaf more durable. I'll give the point to Gold, because polymer is unproven over years, but MORE durable goldleaf is better than just handing someone unprotected goldleaf. 1Ǥ-2Au
*Portability-It must be easy to carry and transport, allowing for convenient transactions of various sizes and locations.
Gold coins don't get carried around, they get stored for rainy days. Goldbacks go in your wallet to be spent all day every day. Point-GBs. 2Ǥ-2Au
*Divisibility-The currency must be easily divided into smaller denominations to facilitate transactions of different values.
Are we shaving gold off to pay for bread this week? This one could be five points for GBs, but I'll do one point for you. 3Ǥ-2Au
*Uniformity (Fungibility) All units of the same denomination must be identical in size, shape, and value, ensuring that one unit can be substituted for another without confusion or the need for individual assessment.
I think you can see how this one is the biggest point for Goldbacks. Coins have ridges around the edge to discourage shaving coins edges and keeping the gold or silver. Goldbacks are standard weight and measure. They test them and their is an outside company that tests them as well. 4Ǥ-2Au
I think we all can see a clear winner. This is what you pay a "100% Premium" when you first purchase them. If you accept them as payment for something, then spend them on something else, there is no premium whatsoever. You sold a $10 item and received Ǥ1, then you decided to buy a $10 item from a friend and you gave them Ǥ1. You paid no premium, and you gave up no premium. I hope that explained everything and you are now a happy Goldback user in your community.
synocrat@reddit
Nope. I'd still rather rely on physically carrying silver coins around in a purse for daily transactions instead of some company backed polymer currency that could go belly up at any moment.
DrySearch1970@reddit
Lol. Lmao, even.
RobDGenX@reddit (OP)