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Eastern NE KS | Why would anyone buy Goldbacks when they cost nearly double the market price of gold?
Yes, this is physical gold with a pretty image stamped or somehow imprinted onto the advertised weight in gold.
The idea of buying gold as a hedge against inflation assumes you will always find someone that believes the same story. It is only slightly more secure than anyone's investment in Tesla. This transaction is one heck of a lot more possible when you price your gold at current market price.
So the answer to question above is you pay extra for this gold because the people behind Goldback.com will continue to advertise this nonsense to help find someone else to do the same bad investment as you have.
The only people making money with this is the folks behind Goldbacks.com unless they are unable to unload their gold product at 2x market price.
Edited by Doug61 8/15/2026 13:50
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Goldbacks
