Jeremy Cordon reveals GOLDBACK news, expansion of merchants, new state designs and more
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Goldbacks have become the most popular minted product for gold bullion in the United States.
I think goldbacks are one of the few precious metals products right now that are still moving.
And people are buying them like crazy because eight dollars is very affordable gold.
It's it's an alternative currency system that's built on gold.
A dollar, what does it say?
Like the full faith and credit of the broke broke ass government.
I think that's on the bill.
Um you have to have faith in a broken corrupt bankrupt system.
But for goldbacks, the gold is actually in the goldbacks.
Goldback is a really powerful way to just project central bank currency.
Welcome to today's interview here on Brighton.com.
I'm Mike Adams, the founder of Brighton, and of course, I've been recommending gold and silver for many, many years, and also various forms of spendable gold, which includes things like uh well, these goldbacks that I always have on my desk.
And uh today we're gonna be joined by the founder of the goldback company, Jeremy Corden, who's got some big announcements about a new state issuance of goldbacks.
And this is happening at a time when gold is over $4,100 per ounce.
So it has more than doubled since early 2022.
And according to many analysts, uh, it's just getting started.
We'll see.
But welcome to the show, Jeremy.
It's great to have you back on today.
Yeah, I'm thrilled to be back.
Thank you so much.
Yeah, I'm thrilled to have you back because you know, when you and I first started talking about goldbacks, and for the audience to remember, I, you know, I I did not even recommend them until we did the lab testing on them, and I melted them down in a kiln, and I measured the actual gold content that's inside each one.
And we found that you're actually over-delivering slightly on the gold that you promise in each of these.
And that's when I began mentioning and promoting goldbacks.
Uh, we have an affiliate relationship with your company.
And at that time, they were under $4 each, and now they're over $8 each.
So they've more than doubled in value.
Uh, that must feel pretty good to know that you help people get a spendable form of gold, and they're doing well with that.
It it feels good when everything's going well.
Yeah.
Well, everything is going well for goldback.
It's working as planned.
Okay, cool.
So tell us about like what's new and where is this going from here?
Yeah, absolutely.
So you mentioned that we have a new state coming out.
So we have a full series coming out in about two weeks in the state of Arizona.
So Arizona's launching.
There's a great bill there.
We've been working with lawmakers there.
Huge amount of support in the state.
Uh, so that's a full series.
Um, in the state of Arizona.
Um, we're actually doing four states a year right now.
Wow.
Which is kind of the pace that we're at.
We're up from doing one state a year to you know, three to four.
Um, I think that we could probably get most of the country in the next 10 years, is what we're looking at.
What's the status with Florida and Texas?
So Florida is doing great.
I mean, we launched that earlier this year.
It's been our most successful gold project.
Um, people love it in the state of Florida.
Every lawmaker in state government is carrying these things around or have seen them.
They're excited about it.
Uh lawmakers are working on bills all over the country because they're excited about goldbacks.
Uh, lobbyists are carrying them around, uh, lawmakers are looking at them.
So it's it's generated just a ton of excitement.
Um, by the sheer numbers, by mintage numbers.
Goldbacks have become the most popular minted product for gold bullion in the United States, is where we're at right now.
That's a big deal.
Um, and what about Texas?
What's the status with Texas?
So we have did a soft launch in Texas.
So we got a beachhead in the state.
We're working with a group called Texas Precious Metals.
They're about 10 times bigger than the Texas bullion depository.
So they have a huge reach in the state, state-of-the-art facility.
Um, they came on board very recently to start selling goldbacks uh and getting behind the project.
They're really excited about it.
Um, but they absolutely insisted that we do a project in Texas earlier than planned.
So we have a basically it's a one-denomination goldback for Texans and it's uh design is built around the Dallas Fort Worth area.
Wow, okay.
So are those available now?
Those are available now.
Okay, so let me let me mention our website where people can get these.
It's verified goldbacks.com.
Verified goldbacks.com.
That's our website.
And there you can see all of our lab testing results, and you can click here to actually purchase goldbacks.
And when you purchase, you can choose which state issuance you want or which denominations.
But here's what I did.
Uh, you know, different kind of lab testing.
There's the uh measuring the actual gold content.
That's the gold that came out of the goldbacks, you know, various denominations have different amounts of gold.
And then here's some of the photos, etc.
You can just scroll through this if you if you're curious.
You know, if you melt down a 50, you get this.
It's like gold foil, and it's actual gold.
And then we tested the purity of the gold in our mass spec laboratory that we use for food forensic testing, which is an ISO accredited laboratory.
So you can trust our results, and here's the recoveries that we got.
All over 100%.
The smallest was about 102% of the claimed gold recovery.
So if you ever have to melt these down for some reason, that would be crazy.
But if you did, you just get gold.
But they're worth more in the gold back form.
You know, well, yeah.
Yeah, sure.
I mean, that's I mean, that's uh that's true for just about everything, right?
You know, you put labor and craftsmanship into something and it's worth more than the raw materials.
Right, even like a gold coin is worth more than just raw a raw nugget of gold.
Well, maybe not right now.
Um the gold market's a little crazy right now.
That's true.
I don't know.
So, like on the retail side, I think that a lot of people buying gold bullion.
What what drive people look at gold bullying as like a bunker for their wealth, and you know, they want to survive the financial apocalypse and then crawl out of that bunker and uh be okay.
And people are looking at these all-time high gold prices, and they are um they're selling, you know, a lot of folks are selling in the United States.
So, you know, there's there's information coming back that something like five people are selling back to dealers for every one person buying right now.
But that's at the retail level, right?
So the the buyers right now are central banks mostly, right?
Oh, yeah.
So the central banks are loading up on gold.
Yeah, we're talking about retail in the United States.
We're talking about people like you and me, you know, owning gold coins.
The average American is selling gold coins, central banks are buying it.
That's why the price is going up.
Right.
The the big buying markets right now are in Asia.
Absolutely.
Um, and and I've I talked to some of uh the people I know in the gold industry that sell you know traditional coins, and they said they've got plenty of supply for people to purchase right now.
There's not yet a retail panic.
There's more of a central bank demand that's driving the pricing.
And and your company with goldbacks, I mean, you haven't, you know, you haven't run out of supply of goldbacks, right?
Oh, no, we're doing available.
Yeah, I think goldbacks are one of the few precious metals products right now that are still moving, and people are buying them like crazy because eight dollars is very affordable gold.
We have uh a clear use case, people are spending these.
We have thousands of businesses that take these as payment.
It's it's an alternative currency system that's built on gold, which is a little bit different than just being a scrap bullion investor, right?
And you know, those people right now, it's you know, everybody's everybody's making their way to the door, and it's creating all sorts of liquidity problems.
I mean, junk silver right now, which is often purported as kind of an alternative to goldbacks uh or constitutional silver.
Um, right now it you can't even really sell it.
Refiners aren't accepting junk silver right now.
So there's no there's no buyers.
All the all the prospective buyers for junk silver have have basically been overwhelmed at this point.
Refiners aren't buying it because they're opting for the high purity silver.
They're they're opting for high purity silver.
Someone said that you know, they're like short on nitric oxide, or there's different theories on why refiners aren't buying it, or maybe they don't have cash to pay for it up front.
But they're they're refining, You know, 999 rounds.
Right.
That that's really interesting because uh I understand that the silver refiners or the silver mints are running full tilt right now, producing as much silver, you know, finished coins as they can, because you know, there's a global silver supply squeeze going on right now.
But that's it's not in the US though.
But not in the US, right?
That might be true, but this the silver is leaving the US.
It's going to London and it's going to Australia, it's going to Perth.
Like, that's what's happening in the silver markets right now.
There's this big international squeeze.
You're right.
Yeah, I should have mentioned that up front.
But uh tell me about for people who are just finding out about gold backs, like why why are we so thrilled about all these?
Um can you just explain the basics again?
Like what's the important thing about how this makes gold spendable?
And you don't have to trust a counterparty, right?
Like a dollar, what does it say?
Like the full faith and credit of the broke broke ass government.
I think that's on the bill.
Um, you have to have faith in a broken corrupt bankrupt system.
But for gold backs, the gold is actually in the gold back.
So can you just give us the basics one more time?
Yeah.
So a gold back, it's a thousandth of an ounce.
The gold's in it.
Um, people trade it, they spend it.
It's got a dozen different anti-counterfeiting features on it that protect them from getting faked.
And it's an alternative to kind of the old gold standard that we had.
And you know, having studied the gold standard quite a bit, it's really interesting how it worked, because you had a $20 gold piece that was about an ounce of gold, and that was backed, you could trade it for 20 silver dollars.
So you have the government force pegging silver and gold together.
Or you could trade uh you know $20 gold piece for 2,000 copper pennies.
So it was like gold, silver, copper.
Well, yeah, I mean, because it was $20 worth of copper pennies.
That's just so funny today to think of it that way.
It's like wizard money, right?
You know, it's just like because you couldn't break an ounce of gold down into 2,000 pieces, so you had to do it with kind of these copper tokens, and that sucked up most of the copper out of the economy.
Like it worked well before we used our copper and in uh data centers.
Yeah, data center and uh electrical wiring that goes all over.
You know, now now investment in copper it's like or monetary demand on copper, it's like one percent.
Uh-huh.
But it used to be most of the demand.
Um, so I don't I don't think you can go back to like a gold, silver, copper three-way tri-metal industrial, you know, force pegged thing.
Uh you just have to make gold smaller.
And and what they did after that, because they discontinued junk silver in the 60s, is they basically said, okay, the coinage isn't made out of silver anymore, but the bills are still redeemable for gold and the gold is still in the vault.
So trust us, we have gold in the vault, and it's not one-to-one.
Uh, you know, we have 40% or 20% of all the gold to back up all the notes because that's enough.
And until until the French showed up and said, give us our gold.
And and then and then we just called the game off, and everybody just has notes now.
Right.
They're backed by nothing vault anywhere.
Yeah.
Yeah, and we're still haven't audited the Fed.
And even if we did that uh that if there's gold there, it's probably been rehypothecated like five times over.
You know, right.
Yeah.
Yeah.
It's just we don't we don't own it.
I mean, probably not.
Yeah, it's probably not even there.
It might not even be there.
Right.
You know, I mean, the whole audit Fort Knox thing kind of just disappeared like smoke.
Um, you know, no one said anything about it, you know.
It kind of makes makes you raise your eyebrow.
You know, and if you look at how silver coins were done, and this is something I learned recently, and this is super interesting.
In the 1930s, when the government was minting silver coins, what they would do is they'd go into the open market, they'd buy three cents worth of silver, and they'd mint it into a silver dime that they could sell or use at 10 cents.
Yeah.
So junk silver when it was being created had like a two or three hundred percent premium.
Right.
Oh, for a lot of the time.
And that that premium was called the seniorage.
It was the government's right to make money minting money.
Because why wouldn't you make money making money?
Now they just do it all uh digitally.
But tell tell our audience like if someone's watching and they've got five thousand dollars to put into gold, and maybe they already have some silver and maybe some gold.
Why should they uh diversify their portfolio with gold backs instead of just buying more one-ounce gold coins?
Well, if you buy a one-ounce gold coin, there's really only one thing you can do with it.
And that's to sell it back for cash at some point.
So if you go to a coin shop and you buy a one-ounce gold bar or one ounce gold coin, the only future that coin has, if it doesn't die with you, or you know, you don't die with it, is you're gonna sell it back for cash at some future date.
You're gonna buy dollars with that gold because you can't use that gold any other way.
And what we're doing with goldbacks is we're we're making the gold itself money again.
People are trading these, they're circulating them, they're signing up businesses that take these, people are using them at farmers' markets and garage sales, they're trading them, they're paying off debts.
Um, and people are circulating and using gold as money in the form of goldbacks, so you don't necessarily have to take goldbacks and turn them back into dollars.
You can get liquidity just by using the gold backs themselves.
Yeah, absolutely.
And I use them as tips, you know, to pay tips to service providers, as well as uh just gifts.
So, and every time I do that, it's a conversation.
It's uh first of all, there's excitement because everybody loves to get gold.
And everybody loves how beautiful these are.
I mean, the artwork on these is just absolutely gorgeous.
And what you're seeing, I mean, look how shiny that is.
You're actually seeing the gold.
Can you explain that?
How these are made so that like this isn't like paint that's gold colored.
You know, you're looking at the gold.
Can can you explain how that works?
Yeah, absolutely.
So goldbacks are made through a technology called sputtering.
Uh, it's a it's a nanotechnology, it's the same technology that puts uh gold in microchips or or in a like a space helmet.
Um essentially what you have is a giant machine with no air in it, it's a vacuum deposition machine, and you got a laser hitting a 50-pound gold target, and it's depositing gold atom by atom on polymer as it's rolling through.
And that gets measured in very precise amounts.
We put a little bit extra in there, as you've seen, just to be sure we get it right, and then we sandwich it with another layer of polymer.
So it's like a it's like a plastic sandwich that holds and protects the gold.
Um, and there's you know, just a dozen different anti-counterfeiting features we can add during this process, um, just so people aren't seeing or encountering fake gold backs.
So that's that's how it works.
Okay, right.
Um, but how is it that the gold remains visible inside this polymer sandwich?
Because the plastic is see-through.
Okay.
It's like it's like it's like a window on either side.
And so what you're seeing that looks like gold is actually gold.
Okay, all right.
That's really cool.
And also um the artwork itself is quite elaborate and it celebrates the heritage of each state that it's issued for.
Uh can you tell our audience a little bit about this artwork?
How do you have the art even created?
I mean, do you hire an artist?
Obviously, I suppose, but I mean, you tell me.
Yeah, so we it's a multiple, there's multiple people on the team.
We have a like a series planner, and they'll go through and they'll do research on the state, state symbols, state animals, state history.
And we started this with Florida in earnest.
We we build a narrative around what is the state history of Florida that's recognizable, that's famous, that's important, that's meaningful to the people here.
And then we tell that history of Florida through time across the different gold backs.
So in the Florida series, we start with um a conquistador at the fountain of youth, and we go all the way to the space age by the time you get to the hundred.
Oh, wow.
So it's like a chronology.
I mean, it's a time wall.
If you so people can buy a whole set and frame it and put it on the wall too.
Yes.
And we sell frame sets.
I mean, you can buy uh, you know, you could buy like a like a frame, and you can see the you can see the whole thing.
There's like numbered and signed frames.
Um what a great gift for people, by the way.
You know, if you if you want to give somebody something really amazing, just get a whole frame set of goldbacks for your state.
Yeah.
I mean, it would be that'd be it'd be quite a gift, you know.
It yeah.
Yeah, it'll cost something, but it's it's an asset.
Yeah.
And we did that, we did that with Florida.
We did it with Oklahoma, and Oklahomans were super receptive.
They absolutely loved it.
Um, you know, I was excited about Oklahoma finishing Oklahoma, and I I didn't really know much about Oklahoma history before before we started.
Well, yeah, Oklahoma has a an amazing rich history of uh also liberty and freedom, of course.
But about Texas, I don't know if you recall, but in our last conversation, I implored you to make sure that you include the Texas Longhorn Cattle as one of the themes in the Texas gold backs.
Is that possibly still being considered for the So that is on the Dallas note?
So we have we have the Dallas Goldback, which is you know, it might that might end up becoming a mini series of it uh of its own with Dallas and Houston and Austin, just like a three-piece set, but we haven't given up on doing a full Texas set.
So we really want to do that well.
And if if you're in Texas and you want to help us, um, what we're looking for in any state, not just Texas, is people that sign up their business on Goldback.com to be a featured business that's willing to take payment in gold.
Well, we'll advertise you for free, we'll put you on an app.
The number one most trafficked page on goldback.com right now is people that are wanting to pay with gold, they want to shop local, they want to support local businesses.
And you know, now we have thousands of businesses on there.
So it's grown a lot.
And um and you know, also for business owners that are listening to this, think about it.
If you accept goldbacks, maybe you know, you're a restaurant owner or a gym owner or a I don't know, a hair salon or a car dealer or whatever.
There's no reason not to take goldbacks.
Because let's say you get paid in goldbacks, if you just hold on to them, they're probably gonna go up in value as of course as gold rises, but you could also sell them for fiat currency if you wanted to at the current gold back price.
You know, um, so I mean, if you want to convert into fiat, that's your choice, right?
So there's no risk for there's no reason not to do it.
Yeah, it's it's it's done really well and it gets people shop shopping local and it gets you out of the dollar system.
Uh yeah, gold back is a really powerful way to just reject central bank currency.
I mean, for all the fear and all the worry there is about central bank digital currencies, it seems a little silly to me to boycott a central bank digital currency by going for a central bank physical currency instead.
Right.
Yeah, that's so so true.
Well, I think the dollar is collapsing like never before, and we can see that.
Actually, I'm gonna bring it up in uh gold prices.
Uh here's gold at 4,146 right now.
Uh just checking this website.
Silver is at 5161, which is these are just extraordinary.
Um, I can't say where these prices are going to be tomorrow, but the trend is showing that the dollar is collapsing very rapidly.
So if people hold dollars, they're just losing purchasing power every day.
It's like a hidden tax on your wealth.
But if you're holding this form of gold, that purchasing power keeps going up every day.
Like I said, goldbacks have doubled in value since I began talking uh with you about them.
So so here's how I think about it.
And because inflation is is something that really messes with people's minds in terms of just how they perceive things.
The dollar is supposed to be a measuring stick.
Now imagine we had a measuring stick and it was a ruler, and the ruler was one foot.
We measure everything in America in feet.
Let's pretend for this example that's what we do.
But let's say that we took our universal ruler, our universal measurement for what a foot was, and we shaved a little piece off of it every year.
Right.
And then people started saying things like, Well, I used to live in a 2,000 square foot house, but now I live in a 2500 square foot house.
So my house grew.
Right.
And I'm still getting taller.
I used to be, you know, five'eight, now I'm six, two, and you know, uh maybe I'll be seven feet tall someday.
Right.
And it's like, okay, do we live in a world where everything is growing, or do we live in a world where we're shaving off what a foot is supposed to be?
Totally.
And I think that's how it works with dollars.
I mean, are we living in a world where everything is getting more expensive, or are we living in a world where our currency is failing?
Is it everything else's fault or just the dollar?
Well, according to people who don't understand economics, uh, food inflation is the fault of grocery store owners.
Right.
Yeah, they blame everybody else, but they won't blame you know all the reckless creation of or the debasement of the US dollar.
And, you know, I look at the gold back going up, and you know, it's tempting.
Like what my brain wants to say is, yeah, you know, the value's double, the value's triple, the value is quadrupled.
The buying power of the gold back might be the same the day it was created.
Yeah, well, and that's the role of gold and silver is to simply preserve wealth and preserve purchasing power.
And you're right.
You know, an ounce of gold today still buys about the same amount of physical goods or food, et cetera, that it did even a hundred years ago.
It's still about the same.
What if you measure the stock market in gold bullion?
We've been in a bear market for 25 years.
Yeah.
2000.
Yeah.
Exactly.
But what does that tell you?
You know, I mean, how many good invests?
So, like money is supposed to be a store of wealth.
Supposed to be.
Money is supposed to, it's supposed to be a bucket that doesn't have a hole in the bottom.
And what they tell you, what the bankers will tell you, what the central banks will tell you is they'll say, no, no, no, no, no, no.
We we want there to be a hole in the bottom of the bucket.
We don't want it to be too big, but we want that hole in the bottom of the bucket because the worst thing that anyone could do is save.
Because the economy needs you to spend, you need to invest.
And we need money to get out, and we need it to circulate, and we we need everyone to spend and invest and grow this economy we have together.
And if you have a leaky currency that's losing 10% plus of its value every year, unless you really need that liquidity, what kind of insane person saves?
Everything has to be invested or you lose it.
I was talking with one of my family members about this the other day.
My grandparents had meticulously purchased a stocks and bonds since the 1960s.
And just, you know, dollar cost averaging into stocks and bonds.
And at the end of the day, as we were kind of looking back at their financial history and where they ended up uh when they passed, at the end of the day, as I said to my family member, I said, you know, they would have been just better off to buy gold the whole time.
Just buy gold and sit on gold and don't worry about the stock market.
Don't worry about bonds.
Don't worry about employee discounts of your company stock or anything.
Just buy gold and sit on it.
You would have saved thousands of hours of effort.
You would have saved all the reporting and the accounting and the counterparty risk, all the taxation of the benefits, et cetera.
Just buy gold and sit on it, you would have done much better this entire time.
And that's true for almost any era that I can think of.
You know what?
It I think that there's good investments out there.
I think that there's opportunities that that people find and you know, there's a lot of growth out there to be had.
Right now, I think what's happening is there's so much savings, or that not savings, but there's so much money that people are trying to put somewhere other than just saving it in dollars.
And what that's doing is it's creating bubbles everywhere.
And it wrote erodes the value of all the possible good deals.
You used to maybe able to make 10% plus on a rental property, and now you can make three or four percent on a lot of rental property.
Right.
So the risks are all still there, but the rewards are really weak.
And a lot of these prices are only being supported all over the place because there's so much money that you know is fleeing being held because it's it's inflationary.
And you know, that just creates a whole society full of bubbles everywhere.
Yeah, clearly the stock market is in a massive bubble, especially certain sectors, perhaps the AI sector, uh, real estate's in a bubble.
Uh the dollar is still in a bubble itself.
But but one of my points in that though was that you know, people spend an incredible amount of time and effort to research stocks and to talk to stock advisors, financial advisors, et cetera.
And they think they're making a well-informed decision to buy this you know, portfolio of stocks.
I say in almost every case, you're better off to just buy gold and silver and sit on it.
Like literally.
Because you save all the time and the worry and the sleepless nights, you know.
And you save all the reporting requirements and you end the counterparty risk.
You know, you buy gold and silver or gold backs in this form, you take delivery, it's done.
You got it.
You're sitting on it.
You don't have to worry about is this brokerage house gonna go into default?
Is this bank gonna fail?
Is this currency gonna fail?
Of course it's all gonna fail.
It's just a matter of when I sleep better at night knowing I got gold and silver, you know, in my possession.
Some of it's vaulted, but vaulted outside the banking system grid.
You know what I'm saying?
I don't trust the system.
But vaulting is an option.
But does that make sense, Jeremy?
It's like you want to sleep well at night, you know, eliminate all that risk out there.
I I've invested in startup companies, and a lot of times that money just disappears.
It's not liquid, it's not in a checking account.
You can't get it back.
I mean, you might you might make it big and get paid someday, you might not.
That's not really where I want all my savings.
Right?
I don't I don't want it in equity.
You know, I want I want savings I can use.
And you know, gold back is one of those things where I own a lot of goldbacks.
You know, I wouldn't make a product that wouldn't be good enough for myself, you know, to use it myself.
I I own if I were to measure it in dollars, you know, probably you know, close to 200,000 worth of gold backs.
And they've gone from you know three, three bucks a piece to eight bucks a piece.
They've they've done their job, they've done very well.
Well, yeah, they they are and again, what's amazing about it is because it it's based on the element of gold itself, right?
So and I want to talk about crypto too, because crypto has suffered some crazy, like just last Friday, it plunged.
There was a crypto carnage, as it was called, and it was this massive wipeout of I don't know how many billions of dollars of so-called value just got wiped out.
Well, um, I suppose that you know the gold market can go up and down, usually not nearly as dramatically as crypto.
But the thing that, and I'm not anti-crypto, just to be clear, but when I use a gold back or I have a gold back, I don't need a password.
I don't need node servers to synchronize blockchains.
I don't need to understand technology to use goldbacks or just to use gold.
It's it's a low-tech but modern solution to commerce.
And I think there's a there's a very important role for that, especially in local commerce.
Like you said, many, many local businesses are accepting goldbacks and more and more are joining all the time.
That makes a lot of sense to me because the tech uh creates a lot of risks, like you know, risks of of losing your password or being hacked or losing your computer or whatever.
And also the KYC aspects, right?
So like I don't have to go through, you know, identity, I don't have to send anybody my driver's license to use gold backs.
Talk about this.
Yeah, no, absolutely.
I mean, if you compare goldbacks versus crypto, they I don't want to bad mouth crypto.
I think that Bitcoin has given people an alternative out of central banking.
And I think there's been you know a lot of beneficiaries of Bitcoin.
But if I want to go to the local diner and pay with Bitcoin, how do I do that?
If I want to leave a tip for my waitress of Bitcoin, like how do I do that?
Take out take out your phone, I'll take out my phone, you need to download this thing.
Right.
You know, what's your what's your 40-digit wallet ID?
What's you know, type in your 20-digit password, you want to change once in a while and never ever forget.
You know, there is a learning curve there.
And you know, when you can just hand somebody a gold back and they can visually see that they're getting something of value and and they can sense that value perception and they got the lure of gold working for it.
Um there's something very universal about it and very simple.
Um, you know, if you're sending money to the Bahamas from New York, you know, you might want to use Bitcoin for something like that.
Um, You know, if you're at the dealership and you're buying a truck, you know, I you could you could use goldbacks for that.
They they work for big purchases and small purchases.
Yeah, that's that's really important.
And also I want to talk about the international appeal of gold because many, many cultures around the world, I would say most historically, you know, we're talking about India.
We're talking about uh Persia, uh China, uh, even modern day like Thailand, etc.
They they culturally they recognize the value of gold.
And in many of these cultures, they they store their gold wealth on their in their jewelry, the things they wear.
They're actually wearing like their retirement fund, you know, sometimes or yeah, no, I I was just having this conversation with someone earlier today.
And in India, which isn't which isn't a place that really protects women that well by Western standards, men are not legally allowed to take jewelry from their wives.
Wow.
So if they're if they're wearing gold, that's their gold.
That that gold belongs to the woman.
If something happens to the man, you know, he can't earn income or anymore.
You know, the woman can sell her gold and and you know, feed the kids or whatever.
But you're right, they they wear their wealth in India.
Uh, and in a lot of these countries, that's that's the culture and that's the norm.
And you know, it's it's fractional gold.
You know, it's just little piercings, necklaces, you know, uh little links that they can break off.
Um they can go in and sell it for cash by the gram.
Right.
Yeah.
And or pay with gold directly.
And we don't really quite have that culture in in the United States.
We we're a little bit more divorced from our gold.
Uh, you know, we have the copper pennies and the silver coins, and if you're really rich, you could have a gold coin, but you could also have notes for them instead.
Um but in the US, at least we we do have a rule that husbands had better not take the gold off their wife, or they're gonna get a beatdown.
So, like that, that's the USA rule.
Yeah, so never take your wife's gold.
That's that's that's the Western rule.
In India, it's a crime.
It's a crime.
In America, it's a beating with with like a rolling pin, you know, or something.
Uh okay, but everybody universally recognizes the value of gold.
And so can you tell us about sort of the international activity surrounding goldbacks?
Like, because I'm always giving them out to people uh who travel, like my friend Michael Young.
He lives, I mean, he well, I don't know where he lives.
He keeps traveling, but he's been in Japan uh a lot, spent a lot of time there.
I gave him, I don't know, a couple of stacks of these ones, and he goes to Japan and he gives them out to people all over Japan, everywhere he goes.
And but tell us like, are you hearing stories like that about the international distribution?
Go ahead.
Yeah, no, I mean we we get data, we can see where people are visiting our website from.
And it used to be that you know, one or two percent of our traffic was outside of the country.
Now it's closer to 10%.
So it's it's grown a lot.
And you know, we have a few dealers out in places like the UK, and it used to be that you know they sell a couple thousand dollars worth of gold backs a week or whatever, and now they're doing five, ten times that um we've got we've got a group in Australia that wants to build up a network and and launch an Australian gold back project.
Oh, that sounds great.
Um we've got a group in Canada that wants to do the same thing in Alberta.
Um, so we're we're seeing just uh we've got members in cabinets and presidencies um all throughout Latin and South America that are looking at goldbacks and trying to figure out how to you know maybe get gold backs in their country.
So I mean the amount of interest is is really going up as we grow.
And you know, I mean, we're we're still early in this.
We've only been in this for about six years.
And in six years, we have millions of users.
We've got a third of a billion dollars worth of goldbacks out there.
And we've got 400 uh distributors that sell to the public.
You know, gold back itself is a wholesaler.
I don't I don't I don't sell you a gold back.
I mean, you have to buy from somebody else that I sell to.
Right, right.
I mean, those are some really fascinating metrics.
And uh just for the audience, let me give out our website again.
It's verified goldbacks.com.
If you want to purchase goldbacks, just go there, verified goldbacks.com, and you can click here to purchase them.
Uh we do earn a small percentage as an affiliate, which helps support our network and our technology.
And speaking of that, um, I want to mention, Jeremy, that you know, we we just released our AI engine called Enoch.
Um tell me about gold backs and how they preserve value.
Okay.
I'm I'm gonna type this in to our engine because our engine has been trained on our interviews.
So here it is.
It's talking about here's the answer.
Oh, look at that.
Goldbacks are a unique and innovative form of alternative currency that have the potential to preserve value in a way, et cetera.
They're they're backing by physical gold, scarcity, divisibility, decentralization, and privacy makes them an attractive option for those seeking to preserve their wealth.
Um, it gives a a bad domain name there, though.
That's that's a hallucination.
Um, but it talks about you know, all the things that you have taught our audience through our interviews, and then we trained it on our speech, and now our AI engine knows what gold backs are.
How cool is that?
That's really cool.
There's something else your AI engine should know.
You asked me earlier, and I didn't I didn't finish.
Um, there's a team that puts the gold backs together.
So there's there's a researcher and they they put together the state history and and the story, and they they lay they lay it out, and we actually pull in dozens of people that are native to a given state.
And if anybody lives, you know, in Arkansas or Alabama or Texas or whatever, and they want to get involved in this, you know, you should you should reach out because we have a focus group for every state uh that we do, and we'll run these designs by focus groups and make sure it resonates with the people there.
Uh uh we have a team doing that, and then we have an artist who's been an artist for 25 years, so they're very good.
They had a consistent style for 25 years, and they do a phenomena.
His name's Paul Peterson.
He does a phenomenal job um drawing the designs that go on the goldbacks.
So he's in Florida and Oklahoma, and he's also doing Arizona, which is coming out.
The artwork truly is amazing, and I I hear comments from people all the time about the artwork.
I mean, they they they when they get a gold back, they look at it very closely, like, wow, I never noticed.
Like, that's amazing.
You know, um you can spend a lot of time checking out the artwork on these.
And that I mean, that's that's all part of the the culture and the history, which includes the history of money, the history of value.
And you know, I think Jeremy, we're living through a historical collapse of the dollar.
So history is going to be, you know, it's being reformed in real time, but I don't think the dollar is going to be part of our future history in its current form.
You know, they maybe they'll call it the dollar, but it's gonna have to be reset or relaunched or something.
And undoubtedly the people who are holding dollars are gonna get royally screwed in that reset, because that's what always happens throughout history.
Over over the last hundred years, the dollar has lost 99% of its value.
Exactly.
And we used to have a thousand dollar bill and a five hundred dollar bill, and they scrapped both of those.
That's interesting.
So the hundred dollar bill is so common now because you know, that's all we that's all we got for for you know anything that's even kind of upper denomination.
But buying groceries just you could you could use to get five gold coins with a hundred dollar bill.
Wow.
That's that's that's I mean, for context, that's like 20,000.
So yeah, that's incredible.
Well, we've lost I mean, by that metric, we've lost 99 and a half percent of the purchasing power of the dollar versus gold just over the last hundred years.
Um all by design.
I mean, that's that's the way the system works.
It extracts wealth from the population.
And it it works because people keep using the dollar currency.
So right, and people keep using it.
And they think, oh, well, you know, I want to use it while it's around and I want to rip people off as long as they take dollars.
Like, well, why do you want to rip people off?
You know, you could just use gold, and then everybody benefits.
You benefit because you're holding gold in the form of gold backs, your neighbor benefits because you're paying them something that keeps its value.
All of that money stays in your community, and you you get to do it in a way that's convenient and private.
You know, those higher go ahead.
Well, the there's an effort underway to make gold spendable in other various ways.
For example, in Texas, a new law was already passed and signed by the governor that they say by the spring of 2027, so you know, almost a year and a half away if it's on schedule, that you could take physical gold to the Texas depository, and then you could deposit it there, and then they would issue you a state-run debit card, which would of course track your purchases.
But when you spend money on the debit card, they then redeem your gold to cover the expenditure.
So on the positive side, they're trying to make physical gold spendable through a digital system that is kind of commonly accepted by all the merchants.
You see what I mean?
So it's yeah, and that that exists already.
I mean, there's there are many companies that that basically do that same thing.
The problem with that is essentially what you have happening, is the merchant isn't receiving gold, they're receiving dollars.
Yeah, true.
You're still using dollars just with extra steps.
Um and it's an improvement because at least your savings are protected.
Right.
But you know, you you don't need the state government to be involved in finance.
I wouldn't want the state of Texas running my bank.
Yeah, I don't want government and private industry at all.
I I think that the fact that the Texas bullion depository, that the private contractors that run it were pushing that bill.
I mean, I I think they're basically just rent-seeking.
Um, that okay, that that's interesting.
I might push back a little bit on that in the sense that I if let's say if if I'm a person in Texas sitting on a stack of gold, and right now it's hard for me to go spend gold coins, right?
Uh at the at the restaurant or wherever.
I could buy gold backs and I could use those directly if the restaurant is willing to accept them and more and more will, so that's a positive trend.
But for places that maybe won't accept that yet, or haven't seen gold backs yet, I could take that gold coin to the depository, I could then get a debit card, but I'm not gonna put all my gold in there, right?
I'm just gonna put in there like what I'm gonna spend this month on a digital card, you know, a debit card.
But the the downside to that is I don't want the state tracking my purchases.
That's the issue for me.
It's the privacy of it.
You know, my I just don't I just don't think the state belongs in the private sector.
Uh, I agree.
Like companies like Atmex already provide this service and they have virtually no spreads.
So if you just want to have like a bullion bank and you want to sell your bullion to buy things, there's already a lot of options on on the free market that that are available for that.
I mean, Alpine Gold does that too, and they have a zero percent spread for up to ten thousand dollars in a 30-day period.
And they do gold eagles and gold back accounts, and they have a debit card.
Oh, I didn't know they had a debit card.
Well, I should do that.
Not that I use debit cards very much, but occasionally I do.
But you can you can also just kick it back and ACH it or wire it back to your account and use a credit card if you want.
So there's lots of options because not everywhere takes gold backs yet.
Right.
And if you want, I mean, that's what I do.
I mean, the the all the gold backs that I mentioned that I have, all of those are sitting at Alpine Gold.
I could liquidate up to $10,000 worth of gold backs in a 30-day period with no spread, and there's no vaulting fees on it.
See, that that makes a lot of sense because I want my savings in metals.
Okay.
I want to be sitting on gold and silver.
I don't want my savings in the dollar, and I don't trust the banks, and I don't trust the stock market, and I don't trust treasuries.
And it's like, well, what's left?
Gold and silver, you know.
And maybe bullets and land, I don't know.
Lead.
Yeah, I mean, I I like that there's more and more private companies getting involved with um privately vaulted gold accounts.
Because at the very least you have choices.
I I think if you had the state um running through all the transactions with gold and watching everything, that's it's it's it's it's too eerily similar to a central bank digital currency where they can unplug people and see everything.
Like, yeah, it's it's better because at least it's not losing to inflation, but it's it still kind of rhymes with the central bank digital currency in the sense that I I don't think governments have a great track history for defending liberty.
Yeah, yeah.
You know, I I would trust the private sector over a government any day.
Yeah, yeah, I'm I'm right there with you on that as well.
Okay, so in just just in putting an end cap on this interview, you've got new activity in Arizona.
You're you're working on a soft rollout in Texas, it's already happened actually, and then uh Florida was rolled out earlier this year.
Is there any other news or other states that you want to mention?
You kind of mentioned you might be working on Arkansas.
If you if you want to get a gold back in your state, because people ask this all the time, they say, how do I get a gold back here?
You can sign up your business on goldback.com.
If you sign up another business in your community, in your town, in your state, we see all of that activity.
We want to make gold back series where there's active communities around the goldbacks.
So if you develop those communities, we'll come to your state faster.
Um is how that's gonna work.
And we're willing to give you something for it.
In fact, if you're listening to this interview, um, and you decide to sign up your business to take goldbacks in the referral code, you should put health ranger so I can give Mike Adams credit, and we will send you a graded silver back, which is kind of a fun product we make, they're worth maybe 60, 70 bucks.
Um, we'll send you a graded silver back.
And if you sign up other businesses in your community, we'll give you a graded silver back for each of those businesses if you're the referr.
No kids.
That's that's kind of our referral program for building out the the business network now.
Wow.
So you can actually just earn silver by convincing other businesses to accept more money forms.
I mean, everybody wins.
I mean, there's no downside.
Yeah, we'll advertise the business for free, we'll put it on our app, we'll verify that's a real business, and then we'll send you a uh silver collectible for going through the trouble.
And if we end up circling around and getting to your state, we have another program called a limited early release.
Um we only do a few thousand per state.
Uh the ones we're doing for Arizona are the three denomination, so it's kind of just like a fun denomination.
And what we're doing is every business that's signing up in Arizona is they're not just they're not getting a silver back, they're getting a limited early release, which is like a $300 product for signing up, and the refer is also getting a $300 product.
So we want to build up these big networks.
Well, if you're in Alaska, just to use an example, or you're in Texas, we'll send you that silver back now, but when we circle around and actually do Texas later, we'll give you a Texas limited early release and so the refer a Texas limited early release and the business a Texas limited early release too.
Wow.
So if you have an AC for if you know business owners, if you if you're good at talking to people, if you have a network, you know, we're we're you're looking at you know hundreds of dollars worth of products per business that's being referred.
Someone could theoretically just work for gold back full-time and earn these kind of rewards setting up these networks.
No kidding.
Um if they need to, they can sell gold backs back through alpine gold for fiat currency too, correct?
Oh, sure.
Yeah, absolutely.
It's very liquid.
They're liquid, yeah.
I mean, you're you're you're looking at a you know a very modest spread on goldbacks, but it it's very rare that I you know if if you're buying and vaulting gold backs with alpine gold, your spread is zero percent.
Wow.
And by the way, goldbacks, you know, cryptocurrency jumps and then it crashes.
I think Bitcoin's crashed by 80% six or seven times.
Yeah.
The gold back has nothing similar to that.
It's it's been most steady, you know, path up the last six years.
Um, let me let me ask you a different question.
Okay, because now I have some personal interest in this.
Um, But there may be listeners who also want to ask like, what if there's um uh uh a nation or uh a finance minister of a nation listening, or a company like our company, like a Health Ranger store.
What would it take to have like a customized goldback issued for a nation or a corporation or a nonprofit or an entity?
Like how what how big of a run would be necessary, or do you even offer that?
Would you work with somebody to issue like custom goldbacks of a special theme?
You know, we we did that, we did that one time, and that's the Dallas Goldback, which is you know, our first product in Texas.
It's kind of our beach head for getting the Texas gold back set up.
Uh and that was with Texas Precious Metals.
They sponsored the series, they put a huge amount of money into it just because I mean their whole brand is Texas.
Right.
Right?
They don't want to sell Oklahoma gold backs.
They want to sell, they want to sell a Texas-based product, right?
Um, and they want to get goldbacks into Texas sooner rather than later.
So I I see the the current the current gold back in Texas is the way to do that uh and to build that.
So it's not that we don't do partnerships and that we're not interested.
Um, we want to do it in a way that is can doesn't cheapen, I guess, the gold back brand.
Uh-huh.
Um, we are looking at doing foreign projects as well.
So, you know, we've got multiple foreign projects that are cooking right now.
So if people are interested and they have the resources, you know, and we we do we do business with a lot of different people.
Okay, but it it's got to be done at scale, I would imagine.
It's not like buying a custom coffee mug, you know.
Um it's it's probably I mean, I can imagine a massive effort to tool up new artwork, new production for some kind of new thing.
But I would think that there would be nations interested in this, especially uh as currency collapse seems to be increasingly likely in certain areas.
And you know, economic stability, I I think that goldbacks locally would bring back uh uh commerce stability at the local level following a crash, you know.
It seems like an obvious stabilizer to me.
Yeah, we we've had we've had foreign central banks reach out, believe it or not.
I mean, there's a lot of interest, and I think that before too many years, you're you're going to start seeing this technology used by foreign central banks more and more.
Um because you know, if you're if you're a foreign central bank, you have gold reserves.
Nobody trusts the, hey, here's a token, here's a here's a here's a bill that says you have gold somewhere else.
You know, that trust has been broken.
You can't do that again.
And you know, Zimbabwe, I mean, they recently made these itty bitty teeny tiny gold coins that are kind of a joke because they're still too much value.
And people there are are broke, you know.
I mean, you're living in a country where people make a dollar, two dollars a day.
They can't afford a gold coin.
But a half gold back would be kind of perfect, or even a quarter gold back if I can figure out how to make them.
Yeah.
Wow, a quarter of a thousandth of a uh a troy ounce.
Four thousandth of an ounce.
It would be it'd be tiny, it'd be like business card size.
Oh, yeah, yeah.
Cause yeah, that would require a lot of uh precision on the vacuum deposition tech, I would imagine.
Yeah, that we're we're we're always working to make the gold back better.
They they trade at double spot and it costs money to split them into a thousand pieces.
Yeah.
Um they consistently trade at double spot, and you know, we take that as gold prices go up and we reinvest that money into making the product better all the time.
This year we added a half gold back, which is a new lower denomination.
It's you know, otherwise our lowest denomination would be eight bucks.
So we have a four dollar product still.
Well, hey, if if the Trump administration uh revalues gold at 25,000 an ounce, which some people theorize, then you know you might have like one-tenth of one one thousandth of an ounce gold pack.
We we might.
I mean, that that might happen.
And we're we're looking at ways long term that we could do those types of things.
But yeah, it obviously helps if gold prices are higher.
Yes.
Um, and you know, for having a private gold money system, it used to be that 40% of the gold was in the system.
It was probably more like 20.
Um, we do a gold money system cheaper than anybody else has ever done.
We have the cheapest thousandth of an ounce gold product on the market.
Uh, we have the cheapest one two thousandth of an ounce gold product on the market.
Even higher denominations can be swapped for lower ones.
Uh I I'm really proud of how much value we deliver for what goldbacks cost.
Very cool.
Well, we have a lot of satisfied customers who purchase and use and share and give as gifts, uh, goldbacks and lots of other uses.
So thank you for introducing us to this.
It's been already a really fun ride this entire time.
And uh, I think gold is really just getting started.
So, folks, if you want to get some gold backs, go to our website verifiedgoldbacks.com.
That's plural, verified goldbacks.com, and you can click on this link and you can purchase them and uh help.
Not only are you supporting the goldback company and supporting our platform, but then you're converting fiat into a gold format that has actual physical gold in it.
That's also a beautiful piece of art, uh a beautiful piece of history, something that everybody instantly recognizes as having value.
So thank you so much, Jeremy.
Keep in touch.
Obviously, with all these rollouts and announcements, I'd love to share those as you hit those milestones.
Just keep me posted and thanks for joining today.
Yeah, absolutely.
Thanks for having me.
All right, thank you.
Have a great rest of your day.
And for those of you watching, uh, hey, uh, watch watch the gold prices, uh, watch silver prices.
Um don't take this show as financial advice, by the way, as a final disclaimer.
Uh, we're not your financial advisor.
You should do your own due diligence, make your own choices.
Maybe you want to talk to a financial advisor.
I don't know.
But did you know that here on our engine, if you go to bright you.ai, this is brand new.
And if you scroll down a little bit on the main screen, we have a new thing called Enoch Financial Coach right here.
Click on the financial coach and you can ask it any question about finances.
Now, again, this is not your financial advisor, but let me give you an example here.
What are the problems with fiat currency devaluation?
Okay.
Boom.
It's trained on books by G. Edward Griffin, Ron Paul, all my interviews with all the financial experts, including Peter Schiff and others.
And uh here you go.
It explains it.
Loss of purchasing power, inflation, wealth inequality, economic instability, debt burden, government overreach.
This is these are the problems with fiat currencies.
So if you want to conduct research on money and finance and gold and currency and everything else, go to bright you.ai, use the financial coach right here, and just don't take it as a replacement for, you know, what uh like a licensed financial broker or whatever.
It's got a big disclaimer on it, okay?
But this is how you can use our tools to help you gain the knowledge that will undoubtedly uh you will conclude I'm confident that gold and silver are the way to go to preserve assets right now.
So thanks for watching today.
I'm Mike Adams, the founder of Brighton.com and the chief architect of uh bright you.ai, our AI engine.
So use it, it's free.
Thanks for watching today.
Take care.
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