“Be the change that you would like to see in the world.”
#1. Spend your Goldbacks locally as often as possible.
Goldback® are incredibly easy to spend at small businesses or with individuals. They are designed for this very purpose in jurisdictions where legally authorized. By spending Goldbacks, you are supporting your local economy, and you are educating people about using sound money along the way.
Here are some pro-tips for spending Goldbacks successfully:
Be prepared to explain what a Goldback is in 30 seconds. This is generally enough.
Try spending them where you can talk to the decision maker directly. (They won’t work at Costco, try a garage sale or a small businesses)
Goldback.com is a good resource for showing the average price.
You aren’t doing much good in supporting sound money if you don’t actually try and use it. Once you’ve spent your Goldbacks then you can take the cash that you saved from doing so to resupply. By doing this you infuse your local economy with sound money while educating local vendors. You should expect to have anywhere from a third to half of small businesses actually take Goldbacks as payment. You may be surprised at how many people are okay being paid in gold.
#2. Educate as many people as possible.
You meet people far more often than you might realize. Educating your network about sound money by showing off the Goldback is a free way to get involved. Most people haven’t seen one yet.
Goldback Inc. spent less than $5,000 on advertising in 2020, yet every Goldback that could possibly be produced was sold anyway. This is because people are putting in the work to educate each other about sound money by word of mouth.
By carrying around Goldbacks with you and showing them to the people you encounter, whether they be strangers, or in your network, you can be a strong educational force. This can be done well even when you know that the person cannot actually accept the Goldback for whatever reason. (For example, the teller at the bank) Goldbacks make great conversation pieces as people love to look at gold.
#3. Give one as a gift or a tip.
It can be difficult to find the right gift for someone. Goldbacks do extremely well as gifts in birthday or Christmas cards since they are so novel.
The easiest way to instantly get someone interested in the Goldback is by giving one away. They make great educational tools if nothing else, and a single Goldback is not very costly. It is likely that the receiver will show several people themselves. Statistically speaking, people will show on average about ten other people a product that they are interested in themselves. By gifting a few out, you are having an influence on more people than you may ever know. Goldbacks also make great tips!, just be sure to ask the server first.
Kids are also great candidates for Goldback gifts as they will highly treasure them.
#4. Get yourself a way to easily carry Goldbacks around.
Find a way that is comfortable for carrying Goldbacks with you all the time. They don’t do much good in your safe at home when an opportunity to spend them or show them off arises.
Most women’s wallets will work fine as they don’t bend in half. There are also Goldback wallets like the one pictured on the left that are designed to carry Goldbacks.
It is better to not bend the Goldback in half as this will eventually wear them out. It costs over a thousand times more to produce the fifty Goldback denomination than it does to create the $100 bill. This means that it is up to you to keep the Goldbacks in as good as condition as possible.
#5. Accept Goldbacks at your Business!
Goldback acceptance stickers will be available in April of 2021. They are free with any purchase of Goldbacks.
There are people that would like to pay you in gold for the goods or services that you are providing. We are giving away stickers to anyone that asks at info@goldback.com. Also, many retailers will gift a sticker with a purchase.
If you live in a state with a Goldback series and would like to be advertised for free as a Goldback accepting business then please let us know at info@goldback.com.
#6. Consider moving gold, silver, or cash savings into Goldbacks or Goldback leases.
Goldbacks may prove to be the best savings tool out there due to the divisible nature of the currency. In 2020 they actually outperformed gold coins in appreciation vs. the dollar.
You may already own gold or silver as an inflation hedge or as a preparedness tool. The Goldback increases in value with gold so it makes sense to save with them. The Goldback is the most spendable gold in the world and it will likely suit your needs better in a crisis than any other form of gold. A one ounce gold coin or bar is too valuable to purchase water bottles or whatever you may need someday.
#7. Request Goldbacks at your Local Coin Shop if they aren’t offered there yet.
Goldbacks are beginning to be carried by more and more local coin stores and online retailers. Sometimes the coin store will approach us about making this possible. Other times we will approach them, every coin store that has agreed to carry Goldbacks has had multiple customers request them. Ultimately these business want to sell the types of precious metal that you want to buy so let them know if you are interested in seeing them carry Goldbacks.
By getting Goldbacks into more coin shops more people will be introduced to the concept of easily spendable gold.
Over 200 coin stores sell Goldbacks as of April of 2021.
#8. Sponsor another Goldback series where you live.
As production capacity for the Goldback continues to improve we will become more capable of creating new series around the world. Believe it or not you can sponsor a new series of Goldbacks and get a regular return for your trouble.