for the sake of argument (and I have no desire to be combative here), why would this be a good purchase, when a person can simply buy known gold coins, such as eagles, with a mere ~25% premium, instead of over 200% premium? Forgery/quality assurance?
Yes, an honest question here.
I think the idea is to provide a convenient way to use gold as actual money for transactional purposes. It’s hard to spend a 1 oz. coin that’s worth $2000, but smaller denominations are more useful for day-to-day commerce. Plus, the bills aren’t gold-backed, they are the gold.
I’m not necessarily promoting the product, just letting everyone know it’s out there as an option.