Friday, December 15, 2023 by Ethan Huff
Recently, the Health Ranger decided to conduct a series of laboratory experiments on Goldbacks to determine whether or not they truly contain the amounts of gold indicated on their respective denominations. He ultimately verified that yes, they do, and presented the results in the following video.
The three scientific tests the Health Ranger conducted in order to verify the legitimacy of Goldbacks include the following:
1) A two-phase kiln extraction (melting) combined with a precise analytical balance gravimetric analysis (weighing) of the gold.
2) An ICP-MS elemental analysis of the extracted gold using Agilent mass spec equipment (ICP-MS) in an ISO-accredited lab.
3) An off-the-shelf gold acid-and-stone test, often used by gold dealers, to investigate the 24-karat composition of the recovered gold.
As a little background, Goldbacks are a form of real value that involve an intricately designed note comprised of laminate polymer with a hidden layer of actual physical 24-karat gold.
Goldbacks bear denominations of 1, 5, 10, 25 and 50, and each “1” in their denominations represents 1/1,000th of a Troy ounce of 24-karat gold.
To read the full analysis of the results for yourself, be sure to check out VerifiedGoldbacks.com.
(Related: Did you know that a number of U.S. states already recognize gold and silver as legal currency, and are ready to begin using it as sound money once the Federal Reserve Note inevitably collapses?)
Unlike the paper money most people are used to, Goldbacks are not a paper currency. They cannot be printed at will to fund wars and manipulate the money supply since each one contains, as the Health Ranger discovered, at least the amount of gold specified, giving it inherent value.
Goldbacks require no “faith” in any government, institution, or bank in the same way dollars do because there is a fixed supply of them and each one contains actual gold inside its design.
Were the entire country to start using Goldbacks, inflation would no longer be a thing because there would be no possibility for dilution since Goldbacks cannot simply be printed or input into a computer limitlessly (due to the scarcity of gold).
Up until now, the concern with Goldbacks is that they may not actually contain the stated amount of gold, which is why the Health Ranger decided to extract and test the gold from Goldbacks to see if they truly live up to their name.
The ICP-MS analysis confirmed that the recovered gold in Goldbacks is better than 99.99 percent pure, which exceeds the purity requirements for 24-karat gold. The other analyses also confirmed that each Goldback contains at least 100 percent of the targeted gold mass, typically ranging in the 102 percent to 107 percent range.
In other words, Goldbacks contain even more gold than their denominations state. And that gold is purer than the 24-karat standards require, making Goldbacks a solid and easy choice for real money that can easily circulate for commerce.
“The Goldbacks we tested contain the REQUIRED amount of gold (and slightly more), and the gold they contain is confirmed to be 99.99%+ gold (better than 24K gold minimum composition requirement),” explains VerifiedGoldbacks.com.
“To our knowledge, no one else has subjected Goldbacks to this level of scrutiny. Fortunately, we own an ISO-accredited mass-spec laboratory, so we own ICP-MS instruments, analytical balances, acid handling equipment (such as fume hoods) and other lab gear that makes this testing very easy for us to carry out.”
VerifiedGoldbacks.com is an affiliate site for Goldbacks. At no additional cost to the customer, this publisher earns a small affiliate percentage of each sale through VerifiedGoldbacks.com, which helps fund this platform, the science lab and the ongoing testing of goldbacks which requires destroying them in the process.
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