Health Ranger Report: Jeremy Cordon on how Goldbacks revolutionize the concept of money

08/24/2025 / By Kevin Hughes

Goldbacks are paper bills embedded with small amounts of physical gold (e.g., 1/1000th of an ounce per $1 note), offering a tangible, divisible, and practical alternative to fiat money for daily transactions.
Since their 2019 launch, Goldbacks have surged in value alongside gold prices (approximately 50 percent since 2022) and are now accepted by 800+ merchants, including businesses in Utah, proving their viability as a medium of exchange.
Lab-tested via kilns, ICPMS mass spectrometry, and acid analysis, Goldbacks exceed 24-karat purity (recovery rates of 102-107 percent), ensuring authenticity and intentional overage for user confidence.
Goldbacks have advantages over traditional options – divisibility (Goldbacks enable small, precise transactions unlike bulky gold coins); resilience (no reliance on digital infrastructure unlike crypto, making them ideal for emergencies/off-grid use); and no counterparty risk (direct ownership of physical gold, avoiding risks tied to ETFs or paper gold contracts).
Goldbacks have the potential to serve as a parallel currency amid economic instability, with expansion plans into states like Texas, despite legislative hurdles. Goldbacks aim to empower financial independence and hedge against systemic uncertainty.

In a world where economic uncertainty looms large and traditional currencies face increasing scrutiny, innovative solutions are emerging to redefine the concept of money. One such groundbreaking development is the Goldback, a unique form of currency that embeds small amounts of physical gold into paper bills, offering a tangible and divisible store of value.

In a “Health Ranger Report” interview, the Health Ranger Mike Adams sat down with Goldback founder and CEO Jeremy Cordon to discuss the innovative concept of gold-backed currency and its potential to revolutionize the way people perceive and use gold in their daily lives. Goldbacks have been gaining traction since their launch in 2019, and their popularity is soaring as gold prices continue to climb.

Since the beginning of 2022, gold has surged by approximately 50 percent, and Goldbacks, which contain real gold, have naturally followed suit. Initially priced at around $3, reflecting the increasing value of the precious metal they contain.

According to Brighteon.AI’s engine Enoch, Goldbacks “are designed to be durable, practical for everyday transactions, and offer an alternative to fiat money by providing a tangible, gold-backed form of exchange. Unlike bulky gold coins, Goldbacks allow for easier use in small purchases while preserving wealth in physical precious metals.”

Each Goldback note contains a precise fraction of a troy ounce of gold, with the one-dollar denomination holding 1/1000th of an ounce. This meticulous design ensures that Goldbacks are not only a reliable store of value but also highly divisible, making them ideal for everyday transactions. Unlike traditional gold coins, which can be impractical for small purchases, Goldbacks offer a practical solution for using gold in daily life.

“It’s a bit more versatile than it used to be. We’re improving the system with the Goldback,” Cordon said. “And that’s really what we’re looking at doing with the goldback. We want to constantly make it better and add value to the program. Part of that value that we currently add is just liquidity.”

The authenticity and purity of Goldbacks are paramount. Cordon emphasized the rigorous testing processes employed to ensure their quality. Laboratory tests, including kiln testing, ICPMS mass spectrometry and acid stone analysis, consistently confirm that the gold content exceeds 24 karat purity, with recovery rates ranging from 102 to 107 percent. This overage is intentional, providing an added layer of assurance to users.

A growing acceptance among merchants

One of the most compelling aspects of Goldbacks is their increasing acceptance among merchants. In Utah, where the concept was first introduced, nearly half of the small business owners approached agreed to accept Goldbacks as payment.

Today, over 800 businesses across various sectors, from car dealerships to grocery stores, recognize Goldbacks as a legitimate form of payment. This widespread acceptance is a testament to the growing recognition of the intrinsic value of gold and the practicality of Goldbacks as a medium of exchange.

Goldbacks offer several advantages over traditional gold coins and cryptocurrencies:

Divisibility and practicality: Unlike large gold coins, which can be cumbersome for everyday transactions, Goldbacks provide a more practical alternative. Their small denominations allow for precise and convenient transactions, akin to using cash.
Resilience and accessibility: In contrast to cryptocurrencies, which require technological infrastructure and digital literacy, Goldbacks offer a low-tech yet resilient form of currency. They do not rely on the power grid or internet connectivity, making them ideal for off-grid scenarios or emergencies.
Counterparty risk: Goldbacks eliminate the counterparty risk associated with ETFs and other paper gold contracts. When you hold a Goldback, you possess actual physical gold, free from the uncertainties of custodians or intermediaries.

The conversation with Cordon also touched upon the broader implications of Goldbacks in the current economic landscape. With discussions surrounding a potential gold-backed currency gaining momentum, Goldbacks could play a pivotal role as a parallel currency. Unlike the Federal Reserve Note, which is essentially a debt instrument, Goldbacks represent tangible value, offering a more secure and stable alternative.

As Goldbacks continues to gain momentum, the company is exploring opportunities to expand into new states, including Texas. However, challenges remain, particularly the potential for legislation that could create a monopoly around precious metals in certain states. (Related: Goldbacks gain popularity as inflation hedge, founder Jeremy Cordon reveals expansion plans.)

Despite these hurdles, the vision for Goldbacks is clear. It aims to provide a reliable, divisible and beautiful form of currency that empowers individuals and offers a hedge against economic uncertainty.

MoneySupply.news has more similar stories.

Watch the full interview between Goldback founder and CEO Jeremy Cordon and the Health Ranger Mike Adams below.

This video is from the Health Ranger Report channel on Brighteon.com.

Health Ranger Report: Jeremy Cordon on how Goldbacks revolutionize the concept of money

A growing acceptance among merchants

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