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June 5, 2024 - Health Ranger - Mike Adams
45:58
Goldbacks founder Jeremy Cordon and Mike Adams discuss accelerating awareness of GOLD...
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Welcome to today's interview on BrightTown.com.
I'm Mike Adams and today we're joined by the founder of the Goldback Company, Jeremy Corden, who has a lot of really interesting stories about different ways that people are using Goldbacks.
Now, in case you're not familiar with them, Goldbacks have real physical 24 karat gold embedded into each of the Goldbacks and their different denominations.
This is one one-thousandth of a troy ounce of gold.
They have others that are five or ten or even up to fifty one-thousands.
And our lab did the lab testing to confirm the quantity and the purity of the gold that's embedded in these.
So you don't have to have faith in, let's say, a note or a promissory note from a government to trade it for gold when you have this, which this is not currency, but this is real physical gold embedded in the gold bag.
So Welcome, Jeremy, to the show today.
It's been a while.
It's great to have you back.
Yeah, thanks for having me.
Absolutely.
Yeah, so tell me, it's been a couple of months, and I know that a lot of our audience have been purchasing goldbacks.
The ones that purchased earlier are really thrilled because gold has gone up, and that means that the value of goldbacks has gone up quite a bit.
Are you hearing a lot of positive feedback about that?
You know, people are also acknowledging that the value of goldbacks are going up because the value of the dollar is going down.
True.
If that makes sense.
Yes.
Well, and I would say that's why gold is higher in dollars, is because the dollars are collapsing.
But that means that the gold in goldbacks is doing its job, which is holding value.
Right.
The whole goldback is holding its value.
In fact, goldbacks have appreciated at least as fast as other forms of gold bullion during this last stretch.
Well, I remember when we were first talking about goldbacks, they were $3.78 per goldback.
What are they right now?
I was going to check your website.
Oh, gosh.
Like $4.80-something cents.
Okay.
I'm going to see if I can pull up here and see...
Yeah, $497, it says right now.
I know that's a real-time number.
And that's the average price of a goldback buying and selling across the whole spread, right?
Averaged?
Right.
Yeah, that's what we recommend that people trade goldbacks at.
It is possible to get them a little bit cheaper than that, but that gives you a discount when you use them.
Okay, exactly.
So the merchants that accept goldbacks are willing to accept them at this published price, which is currently $4.97.
Yep, exactly.
Okay, so tell us what else you're hearing from customers about these goldbacks, and I've given away lots of them to other guests here, especially when people show up in the studio and I give them a bunch of goldbacks, and they're like, whoa, tell me about that.
Everybody's interested in them, but tell us what you're hearing from customers.
No, for sure.
You know, that's one of the first questions we get from people about goldback is, well, this is really pretty and I really like it, but what do you do with it?
You know, what's the use case?
How do I spend it?
You know, especially if you give it as a tip, you know, some people, they really want it and they want to keep it.
Other people ask, well, okay, but now what do I do with it?
And really the goldback is supposed to be...
As useful as cash, right?
Because what you have is 24 karat gold, which keeps its value.
And, you know, I've been thinking about, okay, well, what are the things I'm spending it on?
I empty my wallet full of gold backs, you know, every month, you know, or sometimes every, you know, a couple of weeks.
So I've just been paying attention to what I've been doing with it.
And it's kind of crazy just how many use cases there are for these things.
I'll give you one.
Right now it's garage sale season.
My wife and I were going out.
We're doing garage sales on Saturday.
It's a playhouse.
And my daughter is two years old, right?
So she loves the playhouse.
She wants the playhouse.
Well, the kids were selling it.
I said, well, kids, you know, you want 20 bucks for that playhouse.
What if I gave you four goldbacks?
You know, these are worth about five dollars a piece.
And the kids got so excited.
They couldn't believe it, and they're looking at it, and they're debating amongst themselves, and the boys really wanted the goldbacks, and the older girl wasn't sure.
And then they went in the house, and grandpa came out, and grandma came out, and they had questions about the goldback.
And it turns out that they'd used a local currency in another county.
And they said, yeah, well, is this like that?
Is this like the local currency that we use that's backed by labor?
And I said, no, there's gold in the goldback and it has intrinsic value.
And they said, okay, well, who sells it?
Okay, well, let's go to walmart.com.
You can buy goldbacks on walmart.com.
It's not where I'd recommend buying them.
You know, you might want to get them on verifiedgoldbacks.com.
But, you know, they look at it and they say, okay, well, this is real.
And they're just so fascinated by it.
They sat there and they talked to me for maybe half an hour and they're getting really excited and they're taking pictures and they're texting them to their relatives.
We got the dollhouse.
We got the playhouse for the kids.
It's really fun to introduce people to goldbacks.
And what we found is about 85% of the time, goldbacks are accepted at garage sales.
It doesn't matter if your state's name is on the goldback or not.
You can barter with these things anywhere.
That's fascinating because People know that dollars are losing value rapidly because the government, or essentially the Fed in combination with the Treasury, they can print unlimited dollars and it doesn't cost them anything other than just the paper and the ink and whatever security features go into it, little tracking strips and what have you.
Do you know what it costs to print a $100 bill?
No, tell me.
14 cents.
Wow.
Now, but when you create goldbacks, you have to acquire the gold.
Yeah.
No, we do.
It's our biggest cost.
Absolutely.
That makes sense.
And then you have a vacuum deposition technology, as I understand it, you explained before, that then applies a very specific mass of gold as a layer onto these gold backs.
Let me show the 50 here, because this is the biggest and the thickest.
It's very thick.
Every time I show this to somebody, they're like, wow, that's heavy.
I can actually feel the weight of the gold in it.
Because it's really there.
That's the thing.
And you can't, as a gold-backed company, you can't just print these out of nothing.
You have to have the gold.
Right.
I mean, I know it sounds simple, but it's a game-changer.
That's why these have value.
Well, yeah, it's a powerful commodity money.
And the other game-changer is that they've never been counterfeited.
Every other form of gold, just about, that you can think of There's a cheap Chinese version that's being sold on Alibaba.
You can buy fake junk silver mercury dimes.
You can buy fake junk silver quarters.
If you know that there's fake junk silver around, why would you?
It makes it scary to barter with precious metals because there are just so many counterfeits out there.
And that's not true for the goldback.
Wow, well that's, I mean, I was aware of a lot of counterfeiting of gold bars or silver bars because, you know, they drill into them and then they fill it with tungsten or whatever, patch the hole up.
But I always thought the coins were much more difficult to counterfeit, you know, because of the serrated edges and so on.
But what you're saying is, in China they have very sophisticated technology to counterfeit even the stamping of the coins too, huh?
Oh, sure.
I mean, it's, you know, the technology for minting I mean, it's been out for a couple hundred years.
I mean, you can get a press, you can get a mint for $30,000, and you can start making fakes in a week.
For Goldback, these are government-level security features.
There's six of them.
And then you have this negative image on the back that took over a decade to figure out how to do.
These are protected by trade secrets.
And to make things better, our manufacturing company is consistently coming out with new anti-counterfeiting features that we're adding to goldbacks as we go forward.
Oh, really?
Okay.
It's a race to stay ahead of counterfeiters forever, essentially.
I love that you're investing in that kind of technology to make them even more secure.
But this is an important point, is that currently, for example, you have, I mean, these say Utah.
And you've got Nevada.
You've got, I think, five states currently.
Is that right?
Mm-hmm.
Five states.
And in the long run, isn't the vision of goldbacks is to expand the supply, expand the number of merchants, you know, expand the states that are represented by these?
I mean, you're continuing to develop and expand the goldback brand, correct?
No, absolutely.
You know, right now we're getting trademarks in, you know, dozens of countries.
And, you know, if you use cryptocurrency, everything that you do is tracked, right?
There's a ledger.
That's kind of the point.
And you can see how many crypto transactions there are.
You can see how big it is.
It's a lot harder for people to see how big Goldback has become because one of the points of the Goldback is that if you do a transaction with a Goldback, if I go to a garage sale, if I leave one as a tip, if I give one as a gift or a wedding present or work out a deal with the business owner, it's private, just like cash.
Nobody knows unless we tell them about it.
And that's how people want their money, oftentimes.
So it's hard to know how much the goldback is circulating, but we have some hints.
People tell us.
People as far flung as Israel are spending goldbacks and buying things in Israel and around Europe and in Australia.
And we have a calculator on our website Where if you want to calculate how many goldbacks you owe someone, you go to goldback.com, you pull up a calculator, you can type in the price, it'll tell you how many goldbacks you owe them, you put how many goldbacks you paid, it gives you change.
That calculator has been used almost 100,000 times in the past 12 months.
Well, and I would say that's just the beginning, given where these are going.
It's just the beginning.
I mean, this is early days.
And most of the time I use a goldback, I do not use the calculator.
Yeah, yeah.
I'm right there with you.
But also mentioning, you know, unlike a lot of crypto coins, this is not a FOMO, get rich quick, speculative type of thing, because the value of goldbacks can't go crazy 100x, you know, beyond the value of gold.
It doesn't work that way.
And that's actually good.
This is not speculation.
This is asset preservation tied to the value of gold.
And so, even though the value of goldbacks can fluctuate up and down a little bit based on supply and demand, it could potentially go a lot higher than the ratio to gold.
But overall, it's still going to be tied to gold, unlike crypto, which can be 100x or it can be 0x, as FTX we found out.
But this always has gold in it, so the value is intrinsically there.
I think that's really important to note.
Right.
No, I mean, people ask me, they said, you know, because people are trying to wrap their head around it.
And they'll ask questions like, well, if something ever happened to your company, then would my gold back still have value?
But I told them, I said, if something happened to gold back where we could not make gold backs anymore, the value of your gold back would go way up because supply and demand, we can't add any more supply.
Right.
Right.
They would be even more rare at that point.
Right.
Yeah.
So here's what's funny.
I'm speaking at an event tomorrow in person, and another prominent influencer, I can't name this person, but they contacted me.
Because we're going to be at the show together.
And they're like, hey, can I buy some goldbacks from you at the show?
And I said, look, I'll meet you at the show.
I'm not selling these, but I'll give you some.
Like, whatever you want.
I'll just give them to you.
And he's like, awesome!
I want $500 worth of goldbacks.
I'm like, done!
Okay?
You want $500 worth of goldbacks?
I'll give you $500 worth of goldbacks.
So I'm going to give him two stacks of 51s.
And the reason I'm doing that, I know you give out a lot of goldbacks too, Jeremy, and the reason I'm doing that is because I want him to have enough to give out to other people as well.
It's a pay-it-forward kind of mentality.
Not everybody, you know, is blessed with enough resources to do it that way, but that's one thing that I do.
But it's interesting to me that other influencers are contacting me kind of secretly wanting goldbacks, you know?
I hear you.
You know, my wife and I, we went on a vacation, and this was our first real vacation in, you know, maybe three years, right?
You know, we took the week off, and we left, and we went out.
And, you know, you go on a vacation, you have these excursions, you know, these little things that you can do.
Well, we brought maybe 30 or 40 goldbacks with us.
So every time we went out to eat, you know, every time we, you know, did an excursion, you know, had a guide, anything, you know, you go on a boat, you know, and they take you to see the coral reef or the manta rays or whatever.
We took it with goldbacks and every single time without fail, people get really excited.
They see the gold, they're looking at it and, you know, you can tell them it's like, hey, you know, you did something special for us.
I want to I'm going to give you a tip that you're never going to forget.
That's right.
Because you've probably never seen one of these before.
And people genuinely get excited.
You know, when you explain this is a commodity money, you know, it retains its value.
You know, they've gone from two dollars to five dollars in the past few years.
And, you know, some people get, you know, even kind of emotional.
One person, and this was on the boat tour that we did.
They they had already heard about goldbacks.
They said, oh, I've heard about goldbacks.
You know, I think my friend has one.
And, you know, it's so cool.
I love the concept.
I think they're the future of money.
And I was able to, you know, leave a few goldbacks there as a tip.
And they just got so excited.
And then they start showing everybody.
They're showing everybody else on the boat.
And, you know, everyone's leaning over.
And, you know, people, they want to see what's going on.
You know, they want to check it out.
And people are taking pictures just because it's so interesting.
It's so novel.
Yeah.
You know, I leave these, you know, you can put them in tip jars at restaurants.
They have a little tip jar up front in case they didn't get you with the credit card thing.
You know, I put these in the tip jar and I'd say about two-thirds of the time, They'll get taken out of the tip jar because they're perceived as too valuable to be black.
To leave in the tip jar.
They don't want to leave it in the tip jar.
They don't want to risk that someone will grab it.
It's like, hey, we don't want to leave that there.
And you can tell they're excited.
They're showing other employees and they're leaning over and they're trying to figure out who's going to get it at the end of the day.
You know, and it's a big deal.
Well, let me ask you about, I mean, let's talk about cash and what's happening in society.
There's something happening in Cuba right now, but first let me mention our affiliate website with your company is verifiedgoldbacks.com, and that's where people can purchase these.
It does support us with a little bit of an affiliate fee, but most importantly, it allows you, the customer, to transform dollars Or your digital dollar money into real physical goldbacks that you can have in your hand and you can have possession and they're not going to collapse when the banking system collapses.
Now, Cuba, as of yesterday, Cuba has apparently run out of cash.
There's no more cash in the ATMs.
There's no cash in the banks.
There are crazed mobs like setting fire to police cars and one mob broke into a bank, went in and found that the vaults are empty.
There's no more cash.
The Associated Press even covered this and they said, well, there's no cash in Cuba because all the small businesses are hoarding cash, they said.
And so we might have to go to a digital system.
Like, to me, this sounds like This is the plot to push everybody into central bank digital currencies and to eliminate cash because they don't want you to have possession of cash.
Don't you see that as, I mean, regardless of what's happening in Cuba, isn't there this push to try to say cash is bad, digital money is good, and you should stop using cash or any form like that?
You know, Citibank will block a transaction if they think you're buying a firearm.
Okay.
I was trying, I was trying to buy just an ammo magazine, not even a firearm, but the merchant had the word gun in the merchant name.
Citibank blocked it.
Okay.
Yes.
There are people that would love to shape behavior by shaping what you can spend money on.
And if you use cash, you deny them of that kind of control.
Now, the irony with the people that are really worried about central bank digital currencies and are really worried about a cashless society, look at it from a central banker's perspective.
If you're using cash to boycott a potential central bank digital currency, you're still using one of their products.
Yes, you are.
Yes.
Right?
Right.
I mean, that's just like, you know, I mean, think about that and make your head spin because what are you going to do instead?
You know, and that's what's so fun about the Goldback.
Yesterday, I went to the hardware store and we're putting bark mulch in our backyard.
Yeah, I'm tired of the weeds.
We're getting weed paper and bark.
You know, we're not messing with it anymore.
I'm down there laying it down, but we were able to use these 50 gold bags at the hardware store to get a truckload of Barker mulch.
That's not a thing that's unique to Utah.
We're finding that about half of small business owners in any state are willing to take gold as payment when offered.
If you're talking directly to the small business owner, if this is your chiropractor, if this is your dentist, You know, if this is your roofer, your plumber, we paid the guy that, you know, redid my bathroom floors, you know, with goldbacks.
There's some water damage.
Just to be clear, that's a locally owned hardware store that you're talking about.
If you had tried to do that at an Ace Hardware chain, they probably would have said no.
The big box stores where it's not locally owned are not good candidates necessarily.
But the locally owned businesses and all the local practitioners, like you said, the chiropractor, the dentist, and so on.
In fact, the dentist that I've gone to for years, I know that he would love to take gold backs as payment.
I mean, who wouldn't want possession of gold in their hands?
Especially when they know that if they take dollars, those dollars are going to be worth less tomorrow.
I mean...
I've even had people say, well, what about the risk of the price of gold going up or down?
And my answer is, you want to talk about risk, there is a 100% chance that your dollars will be worth less tomorrow.
That's certainty.
Common sense at this point.
Right.
And, you know, we were originally hoping that maybe 10% of small business owners would take goldbacks as payment.
The same type of people...
That start successful businesses and make really intelligent types of decisions and making those successful are the same exact demographic that are willing to take a bet on gold over the dollar, by and large.
And that's what skews it.
In my case, getting the Barker Mulch, that was a locally owned Ace Hardware store.
Oh, I see.
Okay, so it was Ace Hardware.
It was an Ace Hardware store.
Interesting.
Interesting.
Yeah, there's several of them in Utah County that take Goldbacks' payment.
Interesting.
Okay.
Well, then I guess I was wrong about what I said.
I would assume that...
But I guess if it's locally owned, they're the decision makers.
Right.
They're the decision maker.
Exactly.
Yeah.
Okay, so there could be a lot of national franchises that the local owner is like, yeah, I'll take goldbacks.
But here's something else interesting, Jeremy.
I had in studio a local county commissioner candidate named Butch Carmack.
He's running for the county commissioner in central Texas County.
And I asked him the question.
I said, has the county thought about a backup currency in case the dollar collapses?
And essentially the answer was not to his knowledge.
They haven't thought of that.
But I do know that at the state level, the state of Texas is thinking about a backup currency.
And then I interviewed another expert, a Russian named Dmitry Orlov, who said that probably what will happen to America is what happened to the Soviet Union in 1991, which would be the complete...
The collapse of central control, Washington, D.C. The money becomes worthless.
Nobody wants it.
All the states become their own individual states.
I mean, they're already states, but they're no longer controlled by the central government.
And then each state has to figure out a currency problem just like that.
Seems to me that goldbacks could play a monumental role in local transactions in those scenarios.
People are already thinking about it.
You know, we were sitting in the office of the state treasurer for the state of Idaho about a week ago.
And, you know, she is head over heels excited about the goldback and trying to figure out how she can support it in an official capacity.
And we don't even have goldbacks in Idaho yet.
You know, I couldn't tell you how excited different state legislators Oh, yeah.
That's a great idea.
Look at this and say, okay, well now the sound money legislation matters.
It matters if we repeal sales tax on gold.
It matters if we recognize gold as legal tender because there's companies that are doing things with it.
Well, I mean, and it makes perfect sense now.
One of the limitations of goldbacks, let's talk about that, is that you can't wire it to somebody.
Because it's not digital.
But that's also its strength, right?
But go ahead, Jeremy.
Yeah.
No, I mean, goldback is very much a cash-like solution today.
There are companies that are extremely close to making digital forms of the goldback.
in the vault with the goldbacks.
Right.
Now, you lose, you have third-party counter-risk at that point.
You know, if something happens to that company, if something happens to the vault, you know, there's risks, but there's no, there's not a whole lot of ways to transfer money over distances without those kinds of risks, unless you're using, you know, say cryptocurrency or something.
Right.
It seems to me that in a functioning state economy, you're going to need a combination of local currency that is self-custidied by the people so that they don't have to trust some centralized system.
Because in a post-collapse dollar scenario...
People will have no trust in any kind of central currency.
So they'll want possession.
But then for larger, let's say state-to-state or international transactions, you don't want to physically put goldbacks in the mail and send them.
So you need a digital settlement system of some kind.
But that needs to be backed by...
I mean, frankly, the BRICS system is going to be backed by gold and probably some energy commodities, and that's being rolled.
In fact, did you see Putin just met with President Xi of China, and Putin then announced that 90% of their trade now does not use the dollar.
90%.
and then going to spike using dollars at all that's kind of it's amazing that 10% of their trade is still in dollars no that's really fascinating
And with the BRICS countries, I think the problem with any old world gold standard, you know, if you're going back in time to look at gold backed money, the problem that you have is gold is heavy enough and non-divisible enough where you have receipts indicating that you have gold somewhere else.
And if you have 40 countries or 60 countries or 10 countries in BRICS trying to figure that out amongst themselves, they have to trust each other.
And I don't know how much they trust each other to print more than they have.
And that was the big problem that we had here in the U.S. Absolutely.
The gold certificates, at the end of the day, the certificates, there wasn't enough gold to back up.
All of that money when it came time to turn them in.
So, you know, going back to that system, I think there's a lot of hesitation there.
I think that if you fast forward 50 years, it's very possible that something like the Goldback is going to be used all around the world simply because the technology is the best, whether it's called a Goldback or not.
I think this technology has a huge amount of merit because the gold is in your hand.
Now, earlier you mentioned ATMs, and that's a really great thing that you mentioned that.
There are now ATM machines.
I guess the M in ATM stands for machine.
There are now ATMs that dispense goldbacks.
That's really cool.
Yep, they're in Utah and they're in Nevada.
They're just being piloted now.
And so far it's gone extremely well.
There was one video that went out in the Spanish language about the goldback ATM. And they have little cameras on the outside so they can see who's come in and they can gather data.
When this went out, when this viral Spanish language thing went out, all of the goldback ATMs ran out of goldbacks to dispense.
Oh, wow.
The people buying an overwhelming amount of goldbacks, do you want to guess who?
Well, I guess I told you.
It's Venezuelans.
Well, that makes sense because of what they've lived through.
But let me ask you a question about the goldback ATMs then.
I mean, I love that concept.
But I remember when I was looking into crypto ATMs, It turned out that to buy crypto at an ATM, you had to hand over all your KYC information, your identity.
It had to scan your driver's license, your passport, put in your phone number, email name, and all that garbage.
Like, no thank you.
I don't want to do that.
So what about the Goldback ATMs?
That's not how I buy my Goldbacks, but I'm not sure.
I think they do want a phone number, but I don't know if they have a way of authenticating that to you or not.
There are KYC requirements in most states around selling precious metals, and that's probably why.
But that's not so true when you're spending in barbecues.
Absolutely.
Right.
Right, exactly.
Well, yeah, I would love...
I mean, if I go up to a vending machine to buy some junk food, which I don't do, but if I did, it doesn't ask me for my identity to give me a bag of Cheetos or whatever.
I feel like gold should be the same way.
I know there are state laws and so on, but I feel like if I put in dollars, it should spit out gold.
Right.
No, I don't disagree with you.
I mean, there are federal laws.
You know, there's FinCEN.
There are kind of the know your customer, you know, type things.
You know, when you get goldbacks the first time.
You know, right now there's communities all around the country, really around the world, where goldbacks are circulating in these communities over and over and over again.
And, you know, the communities love them because before they used cash, but the cash is losing all of its value.
This is why, if you're a person, maybe you go to a farmer's market and you sell bread or garden seeds or apple pie or whatever, you can put up a sign that says, we accept goldbacks, and then guess what?
You're going to start collecting goldbacks.
And what I love about that is, a lot like cash, There's no snooping of your transactions, you know?
I mean, right now we live in a society that's become a financial police state where they're going through all your transactions.
And by the way, Bank of America colluded with the federal government to turn over records of airplane ticket purchases of the January 6th peaceful protesters to say, yeah, they flew to the D.C. area and then the FBI used that to arrest people.
Some of those people are sitting in jail.
So if you think privacy is important, absolutely.
It can keep you out of jail when you didn't even violate the law.
So if you're buying and selling at a farmer's market, why not accept goldbacks and you can just start stacking gold?
And nobody knows.
It's none of their business.
Some people get really excited, and what they'll do is they'll offer the goldback is change.
You know, they'll just have some in the till and they'll ask, hey, you know, do you want to get your change in goldbacks?
And that's a popular way that a lot of people circulate local currencies.
And even if they say no, you get to talk to them about it.
And it's an interesting conversation piece.
You know, nobody's offended by that because it's just so interesting.
You know, my kid went to school today and he told me it was show and tell.
This was just this morning.
I ran inside the house and I grabbed, you know, Like a third of a stack, you know, maybe 25, 30 of these guys.
And I handed them, I said, hey, you know, give this to every kid in the class.
And, you know, talk to them about the Goldback, you know?
And so, you know, I mean, the Goldback really has a way of spreading around.
Yeah.
Where people get them, they're excited, they show each other, and they talk about it.
And that's been most of our growth over the last few years.
Well, yeah, that makes perfect sense.
And I'm just wondering, it seems like you're so well positioned in history because of what's happening right now.
Never before have so many people come to the conclusion that they can't trust the fiat currency.
In fact, I would say even the rise of Bitcoin has created a lot of education about why fiat currency can't be trusted because it can be counterfeited by governments, whereas Bitcoin can't be counterfeited.
Although, like you said, Bitcoin is an open, transparent blockchain, so transactions can be tracked.
But there's an education that's happening now that wasn't happening 15, 20 years ago when Ron Paul was trying to teach everybody about all this, and most people weren't listening at the time.
Now I would say a lot more people are listening, so I think you're extremely well positioned.
You were ahead of the curve on this, Jeremy.
Must be nice to hear that.
The timing on the goldback feels right.
The goldbacks came out about a year before the COVID lockdowns, and we've been able to scale it up and There is an enormous amount of market demand for inflation-proof money.
And to be clear on Bitcoin, I don't have anything against Bitcoin, really.
They're just different.
They're different offerings.
The gold back is a lot more like cash.
The Bitcoin is a bit more volatile.
It's got different pros and cons.
But I'd hate for anyone to think that I was anti-Bitcoin.
No, of course not.
And of course there's Monero, which has privacy.
So that's the crypto that I prefer to use rather than Bitcoin.
I always try to get out of Bitcoin into Monero if there's an opportunity to do that.
But in terms of local transactions, if you're thinking about a lot of post-collapse scenarios, there are many scenarios where there won't be an internet functioning.
There won't be electricity or it's not reliable.
And maybe cell towers don't function.
So people maybe don't have mobile phones with their digital wallets that are actually working well.
So crypto could be difficult to use, obviously, in that scenario.
Goldbacks don't have a login, a password.
They don't need electricity to function.
You pick it up.
It's real.
It's physical.
It's in your hands.
And you don't have to remember a seed phrase.
To access it.
And for a lot of people, the tech barriers to crypto are quite significant, especially the more older folks in society.
You're absolutely right.
There's a much lower learning curve to a goldback.
You can go to a lemonade stand and buy your whole family lemonade for one goldback, and you're done.
You know, the kids will take it and they smile.
You know, you're not pulling out your phone and asking to download something and, you know, giving them a, you know, a 10 minute, you know, scan this QR code.
It's facts, you know, especially when it's, you know, face to face.
Yeah, that makes perfect sense.
And again, that's why I think I see a hybrid approach.
I mean, there are practical ways to use goldbacks, but there's also a practicality to global transmission of crypto that is relatively fast, like 10 minutes to send to your family members in Bolivia or Ireland or wherever.
That's pretty cool.
So that has its uses.
But then again, There's all these KYC off-ramps and on-ramps and restrictions and reporting requirements now and IRS requirements.
It's like, oh my God, this is insane to try to use all those.
And the government's at war with crypto right now.
They're not at war with gold.
I would say even especially at the state level, they're increasingly embracing gold.
I keep seeing more states recognize gold as legal tender.
Yes, yes.
And I promise that those state legislators, those elected officials, they have goldbacks in their pocket.
You know, that's what they're handed before they vote on any of these bills, when they're being lobbied, you know, on any sound money legislation.
And these have generated just a huge amount of excitement, you know, in that class of people.
Because, you know, I mean, especially if you look at Republicans, I think a lot of Republicans kind of get painted as...
It's the party of no.
Whatever the Democrats want, the answer is no.
That's not a horrible policy, by the way.
It might not be a horrible policy.
We should say no to most government ideas.
But it's hardly your vision of the future.
You know what I'm saying?
And I think the reason why...
The gold back isn't just for Republicans.
There's plenty of blue-haired, nose-ring girls that will take these and get excited.
Money is supposed to be for everybody, you know, with that caveat there.
True, yeah.
And there's plenty of Democrats that really like gold backs, too.
But for Republican lawmakers, that's something where their constituents have been asking for a return to sound money, a return to the gold standard.
And whereas those things are somewhat impractical, you know, for a number of reasons, seeing something like the Goldback as a solution coming out of the private sector, that's really taken off.
It's exciting because it's closer to maybe what their vision of the future could be at this point.
Well, and by the way, I think the party lines are all blurred now anyway.
And mostly the people that I meet and talk with, they want to decentralize power out of the hands of the controllers and back into the hands of the people.
And for some people, that's growing food.
For other people, that's maybe using crypto.
And yet for others, it's stacking gold or getting gold backs or accepting them as a merchant or ditching Google and using a local language model instead.
For example, there are so many ways, even growing your own medicine instead of always going to the doctor to get a prescription for everything.
What if you grew some herbal medicine and enhance your local nutrition and actually prevent a disease more effectively?
So these are all examples of decentralization.
No, you're right.
It's not a right versus left thing.
That's right.
that I point out to people is that there's been over 2000 local currency initiatives in the United States over the past hundred or so years.
And over 80% of them were put together and initiated and by and large, you know, used by leftists, you know, supporting local businesses and sticking it to big corporations and keeping money local.
Those were slogans and ideas that were more tightly associated with the left.
That's true.
The right.
Yeah.
Oh, there's a very natural home for the gold back with anybody that wants to decentralize.
I think you're absolutely right.
Yep.
And I'll just say as we're wrapping this up, we're almost out of time, Jeremy, but I'll just say that that for the gold backs that I've purchased, I feel a sense of security.
It gives me an emotional sense of security.
Because as I'm reading the news, I'm always hearing, oh, here's another bank failure.
Oh, here's inflation has gone insane.
Look at the prices of insurance right now.
Health insurance, car insurance, home insurance, business insurance.
It's like triple or quadruple what it was pre-2019.
Same thing with food in many cases.
But even though I can read stories about the destabilization of the financial system and the banking system and the currency and the wars and all of it, You know, I turn my head and hear, oh, I've got a stack of goldbacks right here.
Guess what?
It's always there.
It's reliable.
It's not going to vanish.
It's not going to be taken in a bail-in in some bank collapse.
The FDIC isn't going to give me permission to get a little bit of it out after a collapse.
No.
It's sitting there on my desk, you know?
And that's security these days.
I don't trust any of the institutions anymore.
I trust what I have in my hands.
And that's why goldbacks are such a great solution.
Well, thank you.
I agree.
It's nice to have something in your hand when the world seems like an unstable place.
And there are a huge amount of individuals that see the value in Goldback, and they want to get paid in it.
It's powerful to show someone something that's so shiny and so beautiful.
They tend to want it.
And that's really the big trade secret of Goldback, is we show a huge amount of surface area on the gold, and whatever made gold money initially, in terms of its beauty and its luster, is working for the Goldback today.
Yeah, exactly.
You don't have to convince people that gold is beautiful and rare and valuable, because that's been all of human history.
All right, Jeremy, I want to thank you for your time today.
The website where you can buy goldbacks, by the way, with your fiat currency, you can wire or you can use a credit card, is verifiedgoldbacks.com.
That's our affiliate site.
We do earn some affiliate revenue on that, which helps support our network.
And then you will receive these physical goldbacks.
You can get different denominations in different states, and you'll have them in your possession and in your hands.
And this is a great time to get them right now, especially based on where gold may be headed in terms of price per dollars based on, you know, the situation with Russia and Ukraine, Israel and Palestine, so much chaos around the world.
I kind of think that dollars are going to continue to lose value.
So take a look at gold and goldbacks.
So thank you, Jeremy, for joining us today.
Thanks for having me.
All right.
Have a great rest of your day.
Keep up the great work.
Keep me posted on all your upcoming announcements.
I know you've got a lot.
Yeah, absolutely.
Okay, we'll do that.
Alright, thank you then.
So, thank you for watching, folks.
Mike Adams here, Brighteon.com.
Of course, Goldbacks is, in essence, a sponsor of our program.
But as you know, I'm very, very careful about who I choose to ally myself with in terms of sponsors, and there aren't very many.
I tend to choose sponsors that are practical, that have honest, ethical operations, that do what they say, they deliver what they say, and they empower you.
So, I mean, you notice I don't plug fashion purses and tennis shoes and garbage that doesn't matter.
These are things that can empower and protect your life, your privacy, your security, and your wealth.
Protect your assets with goldbacks.
Verifiedgoldbacks.com.
And thank you for watching today.
I'm Mike Adams, Brighton.com.
Take care.
Back in stock at the Health Ranger store, we now have the Elderberry Echinacea Tincture Combo, which is outstanding for the immune system.
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In our lawsuit, we're exposing the censorship industrial complex, and we're working to dismantle it, to compel the court to actually dismantle this censorship complex so that the free speech rights of the American people can be restored, as is supposed to be guaranteed by the First Amendment of the Bill of as is supposed to be guaranteed by the First Amendment of the Bill of Rights under But we have to fight for it, and we need your support in order to carry out and fund that fight.
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A global reset is coming.
And that's why I've recorded a new nine-hour audiobook.
It's called The Global Reset Survival Guide.
You can download it for free by subscribing to the naturalnews.com email newsletter, which is also free.
I'll describe how the monetary system fails.
I also cover emergency medicine and first aid and what to buy to help you avoid infections.
So download this guide.
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