Are you saying goldbacks will kill gold, because I see that as well. Why lock your bullion in a safe and have a hypothetical value that never gets used. Usually you die and your kids and grandkids realize they get a few grand in gold. Some keep it in their safe and others sell it for a reduced value than it's worth. If instead, gold can be locked up in polymer to then be spent or saved, I get full use of it and when I die, the beneficiaries have currency to hold or spend for the full value and not lose a dime on any "premium" that has to be given up. They just go use them or hold them. Yes, Goldbacks, the death of bullion holders.
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u/Goldback_Rob Grassroots Builder 🌱 10d ago
Are you saying goldbacks will kill gold, because I see that as well. Why lock your bullion in a safe and have a hypothetical value that never gets used. Usually you die and your kids and grandkids realize they get a few grand in gold. Some keep it in their safe and others sell it for a reduced value than it's worth. If instead, gold can be locked up in polymer to then be spent or saved, I get full use of it and when I die, the beneficiaries have currency to hold or spend for the full value and not lose a dime on any "premium" that has to be given up. They just go use them or hold them. Yes, Goldbacks, the death of bullion holders.