Comments on: 51: Goldback’s Rise from Zero to One Million Customers https://parisvega.com/51-benjamin-shaffer-goldback-gold-currency/ SEO Consultant Tue, 22 Oct 2024 13:12:49 +0000 hourly 1 https://wordpress.org/?v=7.0.4 By: Paris Vega https://parisvega.com/51-benjamin-shaffer-goldback-gold-currency/#comment-1847 Tue, 22 Oct 2024 13:12:49 +0000 https://parisvega.com/?p=7504#comment-1847 In reply to David Hinckley.

Thanks for the feedback. I agree that you’re paying a convenience fee upfront for the mobility of the Goldbacks.

]]> By: David Hinckley https://parisvega.com/51-benjamin-shaffer-goldback-gold-currency/#comment-1846 Tue, 22 Oct 2024 10:53:18 +0000 https://parisvega.com/?p=7504#comment-1846 I have a negative and positive comment about the interview. First a negative comment, a Goldback does not have about $4 worth of gold in it as Benjamin seemed to answer. A Goldback has roughly half of it’s value in Gold calculated with 2024-10-22 price of 1/1000th Oz of gold and 1 Goldback ($2738 per Oz = $2.738 per 1/1000 Oz & $5.58 per Goldback = $2.738/$5.58 = 0.491). Second a positive comment, Benjamin was talking about Goldbacks being worth over $4. Goldbacks are now worth well over $5 and growing with higher Gold prices. So, there is an initial wealth loss with a Goldback, but then it grows with Gold and is more flexible than Gold coins.

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