Hi Glenn, I have looked into Goldbacks a little and found them favorable but I see one problem. The original buyer is not paying the price of Gold. He also has to pay for the manufacturing process and the profit for the producer. From then on when he uses them he can only get the current price of the gold. Therefore it seems to me that t…
Hi Glenn, I have looked into Goldbacks a little and found them favorable but I see one problem. The original buyer is not paying the price of Gold. He also has to pay for the manufacturing process and the profit for the producer. From then on when he uses them he can only get the current price of the gold. Therefore it seems to me that this is going to be a real difficulty in getting this program very far off the ground. Isn't this correct? I don't see any way that this is fair but it may be the only way that it can work.
Hi Glenn, I have looked into Goldbacks a little and found them favorable but I see one problem. The original buyer is not paying the price of Gold. He also has to pay for the manufacturing process and the profit for the producer. From then on when he uses them he can only get the current price of the gold. Therefore it seems to me that this is going to be a real difficulty in getting this program very far off the ground. Isn't this correct? I don't see any way that this is fair but it may be the only way that it can work.