FINALLY! Arizona Goldbacks Released - Best Series Yet?

Key Concepts

• Goldbacks: Hyperfractional gold currency, each containing a specific amount of pure 24-karat gold.
• Fungeable: Interchangeable; for example, five 1-Goldbacks are equivalent to one 5-Goldback.
• Fiat Currency: Government-issued currency not backed by a physical commodity like gold.
• Troy Ounce: A unit of weight used for precious metals, approximately 31.1 grams.
• Navajo Code Talkers: Native American soldiers who used their language as a code during World War II.
• Battle of Iwo Jima: A major battle in the Pacific Theater of World War II.
• Pluto Discovery: Discovered in 1930 at the Lowell Observatory in Arizona.
• Silverbacks: A series of fractional silver currency released by Goldback.

Arizona Goldbacks: A New State Series

The video announces the release of the new Arizona Goldbacks, highlighting their growing acceptance as a form of payment. Over 3,000 local businesses in the US now accept Goldbacks, surpassing the number of businesses accepting Bitcoin (2,300, according to Crypto.com).

What are Goldbacks?

Goldbacks are described as a "hyperfractional gold currency." Each Goldback contains a specific amount of pure 24-karat gold, with the gold physically present within the note itself. They are fungible, meaning smaller denominations can be combined to equal larger ones (e.g., five 1-Goldbacks equal one 5-Goldback).

• Denominations and Gold Content:
  • 1/2 Goldback: 1/12,000th of a troy ounce of 24-karat gold.
  • 1 Goldback: 1/1,000th of a troy ounce of 24-karat gold.
  • 100 Goldback: 1/10th of a troy ounce of 24-karat gold.

Spending Power and Acceptance

When Goldbacks were first introduced in 2019, they had a spending power of just over $2 USD. Today, their spending power has increased to over $8 USD, suggesting that holding gold may be a more beneficial long-term strategy than holding fiat currency.

Arizona's Place in the Goldback Series

Arizona is the eighth state to be featured in the Goldback series, joining Utah, Nevada, New Hampshire, Wyoming, South Dakota, Florida, and Oklahoma. While Goldbacks can be used by individuals anywhere, their acceptance depends on the willingness of companies or individuals to accept gold as payment.

Artwork and Symbolism of Arizona Goldbacks

The video details the artwork and historical/cultural references on each Arizona Goldback denomination:

• 1/2 Arizona Goldback: Features a roadrunner in the bottom right corner and a Spanish mission in the background, depicting Arizona as it looked approximately 400 years ago.
• 1 Arizona Goldback: Depicts a woman in traditional Mexican clothing standing next to a havalina, with saguaro blossoms and a saguaro cactus behind her. The speaker mentions visiting Saguaro National Park to see the cacti.
• 2 Arizona Goldback: Showcases the Grand Canyon and is a depiction of the famous Powell expedition going down the Colorado River, with Powell visible in the background.
• 3 Arizona Goldback: This is noted as a collectible with only 6,000 made, featuring the "famous palace building." The artwork is described as intriguing, with a question posed about whether the depicted woman holds a "royal flush."
• 5 Arizona Goldback: This is presented as a potential favorite, illustrating the famous 1881 shootout at the OK Corral. The woman is shown holding a Colt Single-Action Army revolver, also known as the Peacemaker.
• 10 Arizona Goldback: Features the Buffalo Soldiers of the 10th Cavalry. A keen observation is made about the flag held by the woman, noting that the stars are not arranged as they are today, indicating a time when there were only 48 stars (before Hawaii and Alaska became states).
• 25 Arizona Goldback: Evokes "Indiana Jones vibes," depicting a woman searching for the Lost Dutchman mine or a famous lost treasure mine. The story of Jacobs drawing a treasure map on his deathbed for a nurse is mentioned, and the treasure remains unfound. Weaver's Needle and a stone map (believed to be in a museum) are visible in the background.
• 50 Arizona Goldback: Connects to the dwarf planet Pluto, which was discovered in 1930 at the Lowell Observatory in Arizona. The artwork shows a woman looking at star maps.
• 100 Arizona Goldback: Depicts the raising of the flag at Iwo Jima. This is connected to Arizona through the Navajo code talkers of World War II, who used the Navajo language as an undeciphered code. During the Battle of Iwo Jima, they sent over 800 messages. The artwork features a Navajo woman with rays of Lady Liberty behind her, symbolizing the contribution of the Navajo Nation to American liberty.

Surprise Announcement: New Silverbacks

As a surprise, the video announces that Goldback will be releasing a new series of Silverbacks. The first one in this new series is revealed to be "Hades." The speaker, who was involved in the first-ever Silverback release, expresses excitement for more Silverbacks to become available.

Conclusion

The video concludes by asking for viewer opinions on the new Arizona Goldbacks and thanking them for watching.