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Dec. 12, 2023 - Health Ranger - Mike Adams
49:25
Mike Adams presents Goldback founder Jeremy Cordon...
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Welcome to today's interview on Brighteon.com.
I'm Mike Adams, and we're joined today by the founder and CEO of the Goldback Company, Jeremy Corden.
And I interviewed him once before, and there was a lot of excitement about what are Goldbacks and why are people interested in these.
And I've got some pretty eye-opening laboratory test results to share with you live today.
And we'll get the reaction from our guest, Jeremy Corden.
Welcome, Jeremy, to the show.
It's great to have you back.
Hey, it's great to be here.
I'm hoping the lab test went well.
Well, yeah, they actually did go well, but there are some details that I think a lot of people will be surprised by, and one in particular.
But we'll get to that.
Let's start with what are goldbacks, first of all.
Can you tell our audience what they are?
I mean, I've got some here.
I mean, here's what they look like, folks, right here.
But, Jeremy, you please explain what these are.
Yeah, no, absolutely.
So what the gold bank is, is it's a way to use gold and to spend gold for everyday purchases, right?
You know, a lot of folks, they own gold, and if you ask them why, they'll say some variation of, you know, I own gold just in case.
And if you talk to them long enough, well, just in case of inflation, just in case we go into a war, just in case the dollar falls apart, I want to have something that still has value.
Gold's had a value for thousands of years.
And really, that's been the sales pitch for gold for the last 50 years, for why Americans should own some gold.
And it makes a lot of sense and it resonates with a lot of people.
We're trying to build on that.
Because I look at gold coins and bars as kind of like a bunker.
It's a bunker for your wealth.
It's a bunker to protect yourself against a catastrophic event.
But you don't live in a bunker.
What gold coins and bars aren't is they're not a system.
Even people that sell coins in bars, they say, yeah, once the inflationary event is over, you can come out with your coin or your bar, and you can buy into whatever the new system is.
Right.
Sell it for the new currency.
Sell it for the new currency.
You can get the central bank digital currency.
You can get the whatever it is.
And sure enough, I mean, when you crawl out of your bunker with your gold coins, I mean, the IRS is going to be waiting there for you, and everyone's going to be rubbing their hands waiting for you to come out.
And, you know, you'll still have been better off for your gold coins and bars.
I'm not saying you shouldn't do that.
Where gold back is very different from the traditional gold purchase is the gold back is a system.
The people that are buying gold backs today, Don't intend to sell them back for central bank digital currencies or Federal Reserve notes.
They're using goldbacks directly as money today with business owners.
And they're doing it all over the country.
They're doing it all over the world.
And we've seen some really tremendous growth, you know, over the last year since, you know, the last time we did one of these interviews.
But hold on, Jeremy, let me even back up from that.
Inside the 50 goldback bill is embedded 51 thousandths of a troy ounce of physical gold.
I mean, that's the key.
The gold is in the bill.
The gold is in the 25, then you have 25 one-thousandths of an ounce of gold, and so on, all the different denominations.
And so when you hold a bill, or, I'm sorry, when you hold a gold back, you're holding the physical gold, unlike with, well, let me get a hundred dollar dollar Benjamin, Bill, here I brought today.
Okay, when I'm holding a $100 bill of the U.S. Federal Reserve, this has no intrinsic value in itself.
It's backed by the faith of a bankrupt system, of a bankrupt government, a bankrupt treasury, $34 trillion in debt.
This can be worth nothing, and I think it probably will be, whereas this...
There's metal in it, and there's a very precise amount of metal in it, which we're going to get to here.
So I want to make sure that's clear.
Yeah, you're 100% right.
The gold bank is a commodity money.
And it used to be that the problem with gold is you couldn't go small enough to buy small things.
You'd have to use copper pennies to go for small purchases.
The gold bank...
It's designed for small purchases.
A single gold back today is worth about $4.
So it could buy $4 worth of stuff.
And gold has never been able to do that before.
So yes, to your point, the gold back is physically gold that you can have in your hand and use like cash.
Right.
And I didn't bring gold coins with me today, but here I have some silver buffalo one ounce silver rounds.
And I don't have any means to break one of these into a thousand pieces.
Do you want me to show you what a thousandth of an ounce looks like?
Yeah.
I guess you already know.
This coin, look at the size of my fingernail here.
That's a thousandth of an ounce.
This is a thousandth of an ounce.
Wow.
That's easy to lose.
Now, this is actually a coin from ancient India.
It's called a bele.
If you were to buy one, it would be like 20 bucks.
Can you imagine having one of these guys in your pocket?
Right, or trying to count these out.
So small.
Like, here's your change.
What is that?
Sand?
What is that?
No, but that's what's great.
So the goldbacks, the reason I like these here, I acquired a stack of your one goldbacks, and here it is, a whole stack of ones.
Now, each one of these contains one one-thousandth of a troy ounce of gold, which is not much, but like you said, the value of this right now today in the open market is around $4.
And it's got physical gold in it, one one-thousandth of an ounce.
But Jeremy, the number one, when I first started promoting our first video, by the way, I didn't even know what goldbacks were until Robert Scott Bell approached me at that trade show event and he gave me one of these.
One of these ones.
He's like, here, check this out.
So I contacted you, set up the first interview just to find out more, and apparently that interview was very, very popular.
But some people pushed back on me and said, Mike, how do you know that this bill contains the claimed amount?
How do you know that this 50 contains 50 one-thousandths of an ounce?
And so in the time between then and now, I've set out to determine whether that's true or not.
And most people, they just believe me.
I'll say this.
I think you're the first person that ever said, okay, that's great that you think there's gold in the goldbacks.
I'm going to go check.
I have a lab.
I have professionals.
I have everything I need to verify how much gold is in the goldback.
And I was...
You know, for half a second there, I thought, you know, I really hope goldbacks have all the gold in them, because I think I'll spend the rest of my life in prison if they don't.
Yeah, no kidding.
Right.
Well, let me show you what's on my screen right now, Jeremy, just to kind of walk you through what I did.
Here's one of your 50 bills in a crucible that I'm about to melt down at 1,100 degrees Celsius.
So I destroyed a lot of your goldbacks, by the way.
And then here it is, getting ready to meltdown.
There it is, melted.
And at first, actually, it's a two-stage melt, and the first stage, you're burning off the polymers, and it leaves behind a gold foil, which is here.
So this gold foil is what came out of one of your 50s.
Isn't that interesting?
That is interesting.
Yeah, and gold foil, it's very malleable, because gold is a soft metal, as I'm sure you know, our audience knows as well.
But you see some kind of the charred remains of the polymer there.
And then the second round is we melt it at 1,100 degrees Celsius, which melts the gold into a...
Well, by the way, there's the scale right there.
There's me weighing it.
I have an analytical balance and getting...
There it is in my hand.
All right, there it is on the scale.
And after the first melt, it's 1.6749 grams of gold out of this 50, Jeremy.
And then, there it is in my hand, and then I did a, there it is laying on top of the 50.
So that's what's in the 50.
And then I melted it a second time.
It's going back into the crucible.
Here it goes.
And it melts into a little glob of gold right there.
Mm-hmm.
Looks like a loser or something.
Yeah, well, that's when you pour it out when it's still hot, and then it kind of smashes against the container you're pouring it into.
I'll mention more about that in a second.
But the final result is 1.6001 grams, as you can see there on the analytical balance.
And there's the splattered gold again next to the 50.
Now, Jeremy, critically...
The amount of gold that your 50 should contain is 1.555 grams.
The amount of gold it actually contains is 1.6001 grams.
That is a 102.89% recovery.
So, shocker number one, Jeremy, there's a little extra gold in the goldbacks, and you're not going to be arrested for fraud.
You might be condemned for giving away too much gold.
What do you think about that?
Yeah, that'd be ironic if they accused me of not selling what I advertised because I was giving too much.
We do intentionally put a little bit more gold In the goldbacks, because if somebody was less sophisticated in how they melted them down, we want somebody that's even doing a bad job to be able to recover all of the gold.
We don't ever want to not pass an assay.
And we actually build in, we try to aim to be, you know, up to 5% heavy on goldbacks, because we never want to be light.
Well, I think that's very wise because there will be some level of natural variability in the depositing technique.
I mean, it can't be absolutely perfect to the atomic level.
Okay, so you intentionally put a little bit of extra in it.
That's right.
All right, well, then that makes sense because let me share this with you.
Your 25 bills, I tested all your bills.
I think I destroyed more goldbacks than anybody in history.
Your 25 bills, I recovered 104 bills.
0.04% out of those.
And then out of the ones, which were very difficult to recover because there's hardly...
I mean, it's only one thousandth of an ounce.
Out of the ones, I had to combine them with other bills to get it out, but that came out to basically 102%.
And out of the tens, I got 105%.
And then for some reason, Jeremy, I don't know why, but out of the fives...
I did four of these five goldbacks, and I got the highest recovery, which was 107%.
So I'm showing 102% to 107% recovery consistently in that range.
What do you think?
That sounds about right.
If our target is 5% over, sometimes we're going to go a tiny bit above that, and sometimes we'll be a little bit below that.
But again, we always want to have at least the amount of gold that we claim on a goldback because we don't want to defraud anybody and we don't want to run it.
We're not trying to sell garbage here.
These are meant to be nice.
Yeah, yeah, exactly.
Okay, but a couple other things, Jeremy, and thank you for your patience, but I brought some of the samples of the gold that I extracted from your goldbacks.
So these are four vials.
I have them labeled for what they are there.
I don't know if you can read those labels, but...
This is when they're melted down into small, little BB-sized gold balls, basically.
And they might be very difficult to see on camera, but you can hear them shaking them up in the bottles here.
And the largest one here is, I think, the 25 bills.
But this is a...
Do we have a close-up?
Do we have camera one or two working?
Do we have one working at all?
Okay, well that's okay.
I've got photos of this, but...
I'm holding it in my hands, Jeremy.
This literally came right out of your goldbacks, and it's no joke.
And the thing is, Jeremy, anybody can replicate this, because so far we haven't talked about the mass spec results.
Anybody can buy a kiln, and they can do what I did with the gravimetric scale, and they can verify this.
So has anybody else done this that you're aware of, even just the kiln test?
I mean, other than your own quality control, obviously.
Sure.
You know, there have been YouTubers that have done kind of the kiln test and they've, you know, melted down goldbacks.
And, you know, people have done that online from time to time.
It's impossible to know.
I mean, once I sell a goldback, I don't know what happens to it.
You know, that's one of the beauties of it is it's not like, you know, we can measure exactly how many Bitcoins move a day.
You know, the central banks, they want to know exactly where we spend and how we spend our money.
And, you know, once goldbacks are out there, they're just yours.
You know, so people are melting these down and authenticating themselves.
For all I know, half of people do that.
Or you're the first one Unless somebody tells me, I have no idea.
Yeah, exactly.
Well, I'm sure that it is a lot of trouble to do this, actually, and you are destroying the goldback itself in the process of doing this.
But I wanted to show you a few more pictures as well, well, for our audience, what it melts down into.
So can you go to my laptop?
Here's your 10 goldbacks, and I melted three of them.
Now, what I found is it works better if you cut them into eighths, actually.
So cut them into eighths, stack them in the crucible, melt them down at 800 degrees, and this is the first result.
That's the gold foil that comes out with a little bit of the charring, the carbon charring.
And then, there it is next to the 10, there's the mass of that.
And then the second melting, there's the crucible, you know, glowing red hot.
I do this outside.
There's a look inside the crucible.
And then there's the second melted gold pellet right there.
That's the same as the gold foil that you just saw, but just melted down.
And then there it is next to the 10, and there it is on the balance.
Again, that's.9800 grams, and the actual targeted amount of that should have been.9331.
So that is a 105% recovery, again.
And I've done this again and again, Jeremy.
But the second question that people have directed to me is, how do you know it's actually gold?
How do you know it's not copper and zinc and all these other things, right?
So that becomes a much more sophisticated test.
And have you had that question before, Jeremy?
You know, I see it online.
And I see people asking the question.
Most people don't ask me directly because, you know, to ask me that question directly, you know, they'd basically be asking me if I was defrauding them, right?
Right.
So, you know, sometimes, like, well, how do I know?
You know, let's assume I didn't trust you.
How do I know?
And I say, well, we have a third-party assay company that checks every single batch of goldbacks.
And, you know, I think that, you know, some people are so jaded because they've been so lied to.
Yes.
By so many institutions and, you know, by, you know, people in their government that it's hard to take what anybody says on face value, you know, unless you're really working with someone that you trust, you know.
So I think it's really important that that you chose to do this.
So what did you what did you what did you do?
Well, so we dissolved the gold.
Obviously, there's another sample of gold that I don't have here in these vials.
And I sent it to my lab, talked to my lab tech, and show my screen.
There it is dissolved.
That's gold in the combination of nitric acid and hydrochloric acid known as aqua regia.
And there's our actual sample number at our lab, CWC labs.
You can see it right there.
And then we ran it through our ICP-MS mass spec instrument, which we use to test for heavy metals in foods.
We can also test for nutritive elements such as magnesium and zinc and so on.
So it tests pretty much the full table of elements.
And the results came back.
And it's quite fascinating.
Number one, it shows that the gold you're using exceeds the definition of 24 karat gold.
So it's better than four nines gold.
And people can see on the screen behind me the fine gold, one kilo bars that we just had this graphic for today.
It's 9999.
That means 99.99% gold.
But there's 0.01% something else, and that's normal in 24 karat gold.
So we found out, Jeremy, what that is.
It's actually iron, copper, and silver at a few parts per million.
So there's actually a little bit of silver In your gold, a tiny, tiny amount, but it's there.
It's measurable.
And we have the numbers right here, CWC Labs sheet, and there it is, iron, copper, and silver right there.
So we're going to publish this also so that people can see.
We did the test, but everything else, nearly everything else is gold other than like crazy low parts per billion of a few other things, but everything else is gold.
So it actually is gold.
No joke.
Your reaction?
That's great.
I was thinking, huh.
If I wanted to be a smart aleck, I could say, yeah, I'm selling you gold and then some extra gold and we throw in some silver too.
But if it's less than 0.01% silver, I probably shouldn't say that.
So that's kind of where my brain went.
There's a little bit of silver in there, but it's better than 24 karat gold.
So, I think, again, well, yeah, you know, I do a lot of due diligence.
You had to know.
You had to know.
You had to figure it out yourself.
I applaud you for that.
Absolutely.
Well, and thank you for answering my questions along the way, because you did answer, you know, I was asking you, how do you do quality control tests?
And, you know, how much gold do you actually deposit?
Can you talk for a minute about that technology?
How does this even work?
How do you accurately deposit gold into these sandwiched in between these polymers?
Sure.
You know, a lot of people, they...
You ever go into one of those carnivals or a theme park and they got one of those machines where you roll out the penny into the big oval?
Oh, yeah.
That's how a lot of people think goldbacks are made.
They imagine that I got some garage somewhere and I've got this big rolling machine and I just kind of crank out goldbacks and that it's a foil.
Because that's what gold foil is, is it's this flattened, malleable gold.
And what we actually do is a lot fancier than that.
So goldbacks are made in a deep space vacuum deposition chamber.
Wow.
And what that looks like is it's a machine about the size of your bedroom.
And all of the oxygen, we get all of the oxygen out of there, and there's three 50-pound targets, big slates of gold, and those get hit with plasma.
And that knocks the gold off and onto a polymer that's moving through the machine.
So it's very high precision.
They use the same technology for putting gold in your cell phone, in your laptop, on diabetic test strips.
And you can tune this to the mass that you want, obviously.
I guess the more powerful the plasma discharge is, then the more gold gets deposited.
Yes, but you have to be careful how you control it because you have to be within a certain range of precision.
That's why we aim to be a little bit heavier.
Just because there's a variability.
There's a little bit of variability there.
For example, the edges of your gold back might be 1% or 2% thinner in terms of gold than the middle of your gold back.
Things like that are depending where it was on the tray when it came out.
So this process, I would imagine that machine costs a lot of money, and this process costs money.
And then the designs that you have are quite intricate, and the reaction I get from people is that they're really beautiful.
I mean, people just love the way these look.
And I do too.
The art is amazing.
And so talk to us about why these are more expensive than just raw gold, you know, because of the utility factor.
But go ahead on that.
Yeah, no, absolutely.
I mean, people kind of, you know, they push me a little bit on the premium.
These machines, you know, you're looking at like $5 to $10 million per machine.
You know, and because we go through this process and there isn't another mass-produced bullion product out there like Goldback, you know, that uses the same process, there's no counterfeit Goldback's.
And that's a huge problem in the precious metal space right now.
We're getting absolutely flooded with fake gold bars and fake gold coins.
I mean, even if you wanted to trade and barter with your gold coins and bars, you know, there's so many counterfeits out there that it's just, it's really hard.
That's not true for goldbacks.
Now, you asked about kind of the premium and the utility there.
There is a utility value to a goldback.
Now, the $100 bill that you showed earlier, It costs about 14 cents to make.
I would say that almost the entire value of that $100 bill is what's called a utility value.
Right?
The whole thing is utility value.
You would accept it from somebody knowing that you could give it to somebody else and get $100 worth of value.
Right.
You know, the goldback is similar, where if you melt down your goldback, you're going to destroy about half the value, you know, just recovering the commodity value.
The other half is utility value.
The fact that you can easily spend goldbacks and that there's a market for goldbacks at $4, you know, there's a very established price at $4.
The market accepts the $4 price.
Right.
So the value, that's the utility value versus 100% versus the dollar.
Good point.
So the physical gold in this one, this goldback one, if it were just raw gold, would be worth about $2 if gold is $2,000 an ounce, right?
But this goldback has a market value right now of about $4.
So like you said, about half the value is the physical gold and the other half is the utility value.
But unlike the dollar, if I burn this in a kiln at 1,100 degrees, I have ash.
I have nothing.
If I burn this, I've got $100 worth of gold.
Yeah, you only destroyed half your value.
Right, right, by melting it down.
So there's a floor to the gold back in a way that there isn't a floor to the dollar.
And by the way, when people don't use gold backs and they choose to use Federal Reserve notes...
They're electing to use a form of money that doesn't have a floor.
Good point.
Now, the gold bag, you know, a lot of people get concerned about premiums.
And premiums really get a bad rap in the precious metal space.
And it took me a little bit to understand why.
You know, I mean, if you go to like a local coin store and you buy, let's say that you go in and you buy, you know, you buy an old Morgan, right?
You know, I mean, this guy is going to have a premium on it.
Because it's a historical numismatic coin.
And premiums are associated with spreads, right?
Because that's the real issue.
If I pay $500 for a Morgan from a coin store and I go into that coin store the next day, do you think they're going to give me $500 for it?
No.
No.
I mean, they might give me $400 or $300 or $250 or, you know, but they're not going to give me $500.
That's a retail price.
Now, if you're trying to use a numismatic coin as money, You know, that spread is a problem, you know, if you're coming in and out, you know, and dealers will say this, you know, if you're buying coins, you should buy and hold for a long time because there's a spread on and on, and there's a premium.
Now, goldbacks are very different in that, you know, if you're paying $4 for a goldback, it's not like you're selling these back and you're getting $2.
In fact, through verified goldback, You can sell these back, you know, to spread if you're vaulting at 0%, you know, or if you're not vaulting at 5%.
But what we really tried to do is we tried to incentivize and design goldbacks in such a way where rather than having a negative spread where you lose money if you're liquidating it, we wanted to design it in such a way where people actually make money using goldbacks the same way that credit cards do.
Because, you know, a lot of people, like, you won't buy something if you're not using a credit card.
You ask them why, well, you know, I got miles that I'm saving up for.
I've got a trip.
You know, I got to get my points.
I get 1% back on the card.
And I think that's a huge tool that people, that banks use to get people using more digital money, right?
That's in their system where they can kind of log, you know, you're selling your privacy a little bit for that 1%.
I think that's clever.
And we found a way to do that with goldbacks that's even better than that.
Okay.
All right.
I want to ask you about that in a minute because I'm curious to hear about that.
But I've got one more thing to show you here before we jump there.
And also, thank you for mentioning the website, folks, where you can get all the test results and see it for yourself and also purchase Goldbacks is verifiedgoldbacks.com.
And that's our website.
And because Goldbacks pass all these tests, We are now an affiliate for the Goldback Company.
And so if you want to acquire these, you can help support us at no additional cost to yourself by purchasing through verifiedgoldbacks.com.
And you'll also see all the lab test results.
And by the way, Jeremy...
As you know, I'm going to be continuing to test goldbacks on a regular basis and just continuing to do quality control on our side to assure our audience that these results that we're getting now are consistent, you know, and carry through time.
And I know you understand that.
I know you do your own quality control, but we're going to be a third-party quality control volunteer, let's say, doing it at the same time.
But I've got one more test to show people.
So on my screen right now, and this is one that you can acquire yourself, this is a very simple acid test for gold purity.
You can buy these kits online.
And this shows, and jewelers use these all the time.
They're very inexpensive.
At the bottom of the frame, there's a testing stone.
What you do is you scrape the gold into three different lines on the testing stone, and I actually scraped the gold from the goldbacks onto that stone.
And then you hit it with acids that represent 14-carat, 18-carat, and 22-carat gold acids.
And if the gold lines do not dissolve when they're hit with those acids, it means they exceed that speck, right?
So a jeweler will use this to determine if it's really 24 karat gold.
They'll hit it with the 22k acid and see if it dissolves or not.
And so here we go.
I hit it with all these different drops.
Tried it with the different acids and so on.
And the bottom line, the best photo is here.
I actually put two different drops of the 22 carat acid on that third line.
And as you can see, the gold did not dissolve.
That means that it is 24 karat gold.
This is a common test that jewelers use.
So I wanted to do this, Jeremy, and show you this because this is something that only costs $30 or $40 that anybody can use after they extract your gold with a kiln.
They can use that test and they can determine that it's also 24 karat gold without having a multi-million dollar mass spec laboratory.
So there's another simple test and of course your gold passes that test as well.
Fantastic.
That's awesome.
Yeah, I couldn't think of another way to test it, Jeremy.
Those are the only three tests I could come up with.
Well, there's the magnet test, but that's kind of obvious.
You know, it doesn't contain iron.
It's not magnetic.
But it passes all the tests.
So...
Jeremy, I've got to say I'm really pleased because after our first interview I heard from some people that they weren't sure about goldbacks.
Again, they weren't sure if it contained the proper amount of gold or how people would use these.
But guess what?
I've been giving them out as part of my tips to waiters.
And then there's a little conversation that goes with that.
What is gold?
Why does gold have value?
How would you like to have physical gold in your hand?
Self-custody.
Can you speak to that, Jeremy?
The importance of self-custody for those who want to hold these in their own hands?
Sure.
No, absolutely.
You know, everything that you don't have in your own hands is at risk to some degree or other.
Right?
You know, in a grid-goes-down situation...
Or even Citibank.
They came out and they said, hey, we don't like gun purchases, so we're just not going to support those anymore.
You can't buy guns with our cards.
One of the big fears around central bank digital currencies is it's a bit of a control play.
We want to control what you pay for and when and how much and when your dollars expire.
And if you look at China right now, they have a social credit score system.
Where, you know, if you get too fat, there's certain restaurants you can't eat at anymore.
You got to step on the scale.
You know, I mean, how humiliating is that?
If you say things against the government, you can't buy a train ticket, you know, or shop at the grocery store.
And, you know, I think that that level of control, there are people in our society that really aspire for that.
They would love that.
And, you know, they're actively, actively working towards a system like that, where cash is phased out.
And, you know, it's a little sad because, you know, it's like there's so much, you know, in the freedom space, there's so much concern that they're phasing out cash, you know, and I kind of have to put my hand on people's shoulders and say, look, I hate to break it to you, but cash is another Federal Reserve, you know, it's another Federal Reserve product, right?
It's more private.
I mean, it's better than the central bank digital currency, right?
But, you know, it's like you're moving from one cage to a worse cage, but you're still in a cage.
Yeah, but, and plus, Jeremy, again, with 100 here, I know that this is going to lose value every day.
Absolutely.
I'm not even talking about it going to zero.
I'm just talking about all the money printing that's happening.
Trillions of dollars a year, it seems, now in money printing.
All this money that's being sent to other countries to fund their wars and so on.
And I know that, in effect, if I hold this, I'm being looted every day.
Whereas if I hold this, if I hold the gold back, I know that that's going to hold value over time because of its properties, both its utility and the physical gold it contains.
It's going to hold value.
I would rather, I mean, think 20 years down the line, which one of these would you rather still hold?
The answer is obvious.
Sure.
Well, let's look four years ago.
I mean, four years ago, a gold back was $2.
Right.
It's $4.
Good point.
You know, so we're already seeing it in a 20-year play.
And I'll tell you, there are people today There are entire communities today that have moved off the dollar.
They're not using dollars anymore.
They're using goldbacks.
You know, you get these ranching communities where the same dollars go around the same community over and over again.
They've wised up.
They said, hey, you know, why should we get looted?
You know, let's use goldbacks.
And those communities have, you know, they've preserved so much of their value, you know, that they're not impoverished because they're using goldbacks.
Right.
Right.
Individuals are using goldbacks, and not just for tips for waiters.
We're finding that half, it doesn't matter the state, not really that much, half of small business owners are willing to take payment in gold.
Really?
Absolutely.
I carry around goldbacks with me, and I'm shocked at how often people take them.
The guy fixing your roof, the guy cleaning your teeth, The kid shoveling your walkway.
All these people take gold at least half the time.
I know that's true at farmers markets because I've asked people, the vendors there, would you take silver?
I've said in the past, would you take silver coins?
Because that's more of the denomination at farmers markets.
One time there was a couple there, a husband and a wife, and I asked the The woman, would you take silver?
And she says, I don't know.
Let me check with her husband.
She turns around and checks with her husband.
They have a little talk.
The husband comes out, absolutely, we take silver.
And that means gold, too, if it's a big enough purchase.
But for gold backs, then, you have the divisibility.
So if I had had gold backs with me, I'm sure he would have taken those.
It was the same kind of process for me.
You know, I was actually a Ron Paul delegate, you know, forever and ever ago during the 2011 campaign.
And he's the guy that introduced me to, you know, sound money and kind of all these, you know, different principles and got me really excited about it.
And I'd go to the farmer's market and I'd barter with junk silver.
Right.
And I would track, you know, not that much different than you.
I'd get data in terms of who would take it, you know, and what that looked like.
And it was about 25%.
About 25% of vendors at the farmer's market in 2012 would take silver.
And we're finding that the acceptance rate for gold banks is at least twice as high as it is for junk silver.
Oh, that's interesting.
It kind of surprised me, but I think the reason why is it comes down to something that's very, very, very base, very visceral.
If you look at why gold has been money, Historically for thousands of years, it's not just because it's rare, you know, or difficult to mine or, you know, easily divisible.
I mean, sure, it needs to have all those characteristics.
But I think the reason one of the big understated reasons why gold was money across cultures is just for the fact that it's so beautiful.
It is.
You know, and like you look at like women and women make 80 percent of the economic choices, you know, 40% of the gold mine today is used in jewelry.
People wear it.
They want to see gold.
They want to be part of it.
And when you present a gold back, and a gold back, again, this is a thousandth of an ounce of gold.
If you compare the surface area of a gold back versus a one-ounce gold coin, a one-ounce gold coin can do a lot for somebody emotionally to see that much gold.
A single gold back has nine times the surface area of a gold coin.
But it has a thousandth the amount of gold, which means that per gold, per the amount of gold, you have 9,000 times as much visibility on your gold, on a gold back, as you do a one-ounce gold coin.
Interesting.
Right.
Now, that does something emotionally for people.
If you show somebody that's this gold, something this gold, even if they don't know anything about sound money, they don't know anything about gold, and they don't know anything about silver.
And by the way, that's most Americans.
That's most people in the world.
They don't really understand what's going on.
They feel the impacts from inflation, but you shine a goldback in front of them.
I mean, this is the big secret for goldback.
There's something very alluring about a goldback where they want it.
Yeah, good point.
They very base level want it.
And that makes it a good money.
It makes it a really good money.
I have a question for you.
I've actually had this question for a long time.
So this is the back of the 50 goldback.
And if I run my finger along it, I can feel the texture of the design.
Am I feeling the gold coming through or not?
I mean, or is this design on the back?
Am I seeing some of the gold or is it not easy to see through the polymer?
So everything that you see that looks like gold on a gold back is gold.
Really?
Everything that looks like gold is gold.
But if you look at the front of a gold back...
You'll see a design on there, and that design is made with ink.
So you have polymer, the polymer gets inked.
Now that ink takes space.
The gold is so evenly distributed along a gold bank that you're actually seeing a negative image from the ink on the gold itself on the other side.
And then there's another layer of polymer to sandwich in and protect it.
So you're not losing any gold through friction or anything like that.
Okay, so the negative image on the back is I am seeing the actual gold in that bill.
Yes.
Well, that's really cool because it looks like gold.
It's gold.
I guess if I could melt these down and have a camera that would survive that, I would love to film the melting down to see that.
But by the time I open the kiln up, I can't tell what part of the gold came from.
You could say that gold backs have a...
Gold back.
Right.
Exactly.
Okay.
Now, what was the other thing that you were about to tell us about, I don't know, vaulting or what were you saying?
Oh, yeah.
I was probably getting a little bit ahead of myself.
You know, we really want to incentivize people to use these.
And I've seen how successful credit cards are in that.
If you buy a gold coin or a silver coin, there is a negative spread.
If you buy a numismatic coin, there's a negative spread.
You're going to get hit.
You're going to lose when you turn that back into cash.
And credit cards, they have a positive spread.
You make 1% or 2%.
So this is what we've managed to negotiate and work out with goldbacks.
So if you go to goldback.com, you're going to see...
An average price for goldbacks.
And that average price, you know, is, you know, I don't know what it is today, but it's over $4.
Yeah, it's $4.11 today.
$4.11.
And it might be different when this actually airs.
Right, right.
You know, or if you see it later.
So $4.11.
Now, again, that's an average because there's dealers that sell goldbacks for more and there's dealers that sell goldbacks for less.
But you'll also see a calculator on goldback.com.
So if you want to barter with somebody with goldbacks and I had a situation not that long ago where we paid for a new AC unit.
This wasn't a dealer that was a known goldback accepting dealer.
But I asked the guy, I said, hey, would you take payment in gold?
And he got excited.
He said, well, can you show it to me?
He was nervous because he didn't know if the gold was real.
I showed him the goldbacks.
He took payment.
We're done within a minute.
Yeah, here, I'm showing the calculator.
I just entered $250.
$3,000.
So if you type $3,000 in there on the top.
All right, $3,000.
All right.
So if I were to do that today, I owed him $730 gold back.
So type in $730.
Oh, here?
Yep.
Okay, $730.
So then he owes me $0.30 in change.
Oh, I see.
Now here's the cutie.
I'm trading those goldbacks for $4.11, but if you go on verifiedgoldback.com, Verified Goldback, they're partnered with the most competitive, you know, I'd say lately they've sold the most goldbacks out of anybody.
They've gotten really good at it.
They've got a really great team.
You're going to be able to buy goldbacks there for, say, $3.80.
So if you're buying goldbacks for $3.80 and you're spending them at $4.11, With, again, half of small business owners in your area, then every time you spend a gold back, you're not getting 1% or 2% cash back.
You're saving 7% shopping local.
Wow.
Okay, wow.
But, I mean, that's just assuming that the merchant is willing to accept that value.
Half of them will take it.
Right, but they also have to be willing.
Every time they take it, you save 7%.
And you're spreading sound money.
And you're not using Federal Reserve notes.
Exactly.
Exactly.
And you're educating people about honest money.
And by the way, you know, a lot of these same people, they're happy to give you a cash discount anyway.
It's not like some clandestine secret.
No, I mean, you see it all the time, cash discount for not using a credit card.
Often that's a 4% discount.
So I guess you can just ask any merchant, what's your discount for gold in your hand?
You don't even have to ask them.
You just say, is it okay if I pay you the average price?
And that's what everybody uses.
There you go.
Okay.
Wow.
So that's an aspect of this I hadn't even really considered.
But I'm glad you pointed that out.
That's very good.
You can save money by spending gold and you can support your local economy.
That's great.
You can save money by spending gold.
I love that slogan.
Nobody's ever achieved that before.
Because again, gold's a bunker.
You buy gold coins.
You can either die with your gold coins or you can go back to the dealer that sold them to you when gold goes up and trade back into whatever the financial system is at the time.
And goldbacks, it's a system.
It's not a bunker.
People are buying goldbacks.
There are people today.
There's people right now.
That don't use dollars anymore and only make transactions in gold.
There's gas stations and grocery stores and car dealerships and movie theaters and, you know, you'd be amazed at where you can spend gold.
Well, and Jeremy, my only question is how much can you crank out I think the dollar has no future.
And I think that you're going to see states and nations have to come up with their own currencies.
And, you know, if I were, let's say, if I were in charge of the new currency for the state of Texas after the collapse of the dollar, I mean, the goldbacks would be ideal.
I mean, honest money issued by a state that has the intrinsic value, and then the state can't overprint money without buying the gold.
I mean, it forces states to practice, you know, fiscal responsibility as well.
Has anybody ever talked to you about an idea like that?
And we only have a couple minutes left.
I'm sorry, but...
Sure.
No, I hear you.
You know, I had a dream where, you know, we were on this massive cruise ship.
You know, all these people were there.
And, you know, all the lifeboats have holes in them.
You know, so it's like we're heading toward an iceberg, you know, imagine the Titanic, you know, all the lifeboats, you know, they had problems, they couldn't steer, they couldn't go anywhere.
And I was building this beautiful boat that was the best lifeboat anybody had ever seen.
And I was trying to convince people to get into it.
And, you know, some people are hopping in, you know, other people are really skeptical.
And I didn't want to sound the alarm too hard because I knew I didn't have space in my nice lifeboat.
Right?
Like I had to fill it, you know, because I wanted to save these people, but I couldn't save everybody.
I woke up and this might have been just my subconscious talking to me, but that's really how I feel with Goldback, where the amount of need there is for something like this, it's a multi-trillion dollar problem.
Maybe we're producing $5-10 million worth of Goldbacks a month.
Wow.
You know, and it's really grown.
You know, I'll tell you, you know, and I know we don't have a lot of time.
You know, the amount of use in goldbacks has more than doubled every year.
It's like Porkfest.
It's this huge, huge liberty-oriented festival in New Hampshire.
You know, they're the first people using cryptocurrency, you know, in 2012, 2013.
And, you know, now the same festival, everybody just uses goldbacks.
You know, the vendors there, they say everyone's making payments in goldbacks.
You know, it's like a bellwether.
We have ATMs coming out.
And then, you know, the final thing I'll mention is, you know, we have a Tuttle Twins episode that we're actually putting on Briteon.com.
That's a kid's cartoon that explains gold and goldbacks.
It's about 12 minutes long.
It's super fun, super high production.
Tuttle Twins is a cartoon series that promotes freedom and stuff.
So there's lots of ways to get involved in this space.
All right, Jeremy, this is truly fascinating.
And thank you for enduring all of my lab results I shared with you here today.
And I want to tell our audience, verifiedgoldbacks.com is where you can find all the lab results and you can also purchase from a link on that website.
And Jeremy, I just want to thank you for taking the time to share your thoughts with us today and for what you do.
I think it's very pioneering.
It's also an engineering accomplishment that is quite remarkable.
I love these goldbacks.
I mean, and now I know what's in them, and I know what's real.
And there's no more question in my mind.
So thank you, Jeremy.
No, thank you.
I really appreciate you having me, and I appreciate you doing that.
Alright folks, so that's the interview with Jeremy Corden from the Goldback Company.
And again, if you want to learn more about these and see the scientific testing results for yourself.
And I oversaw all of this personally.
I did the meltdowns.
I'm the one who extracted this stuff.
And so I know with certainty that these contain even more than the claimed amount of gold, a little bit more, and that the gold is actually four nines or better in terms of purity.
But go to verifiedgoldbacks.com and you'll find out more information there.
You'll have a link to be able to acquire them.
And since we are an affiliate now, then that does help support us a little bit in a small way.
But in any case, you're going to be getting into a new form of sound money that has unusual utility and also a lot of physical beauty, and it contains the physical metal itself.
So thank you for watching today.
Mike Adams here of Brighteon.com.
Take care.
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