So I saw goldbugs shitting on them recently and decided to join the subreddit for them because it's quite entertaining to watch the various factions in the gold community beef if out.
If you haven't heard of them, they are physical gold-based currency notes that contain actual gold embedded within a polymer material. They are designed to be used as small-denomination, spendable gold money. Kind of like sats or, well silver i guess, for smaller denomination.
They do look cool, I have to say
Apparently, they're popular in Utah because they have a law that allows gold and silver to be used as money.
the company claims 'Every year, around 2,500–3,000 tonnes of gold are mined globally. That’s enough to create a functional gold-based economy, especially when used in a hyper-fractionalized form like Goldbacks.'
what do you guys think of this attempt to modernize gold ? might it be something attractive for normies because 'it's real' or are they just a novelty item with a high premium?