Answer
Feb 04, 2025 - 06:53 AM
Goldbacks are a form of local currency made with a small amount of gold, designed primarily for barter and local trade rather than as a mainstream investment. While they offer a tangible asset backed by gold, their value can be highly variable and may not appreciate like traditional gold investments. As such, they might be more suitable for those interested in local trade or novelty rather than significant financial returns.
