In July of 2019 a Goldback cost $2.25. Today the value is about $6.68. (\~196% growth)

In July of 2019, an American tenth ounce gold eagle ran \~$193. Today the value is about $400. (\~107% growth)

The Goldback investor from six years ago far outperformed the tenth ounce gold eagle investor. It's not even remotely close. The Goldback investor did better in every way you can think of:

* Goldback investor's base value appreciated more. Goldbacks have become a higher end product over time.
* Goldback investor's spread is better. Tenth ounce gold eagles rarely sell back to dealers for much over melt. Many Goldback dealers offer tighter spreads from 0%-5% off the retail price.
* The original Goldback investor's Goldbacks (2019 design) would carry a 4x - 8x additional value for being more rare. Collectible appreciation is still likely as the Goldback is still new.

In 2019 the criticism of Goldback was much louder and well founded than it is today. It was a new experimental product. The folks that bet on the new Goldbacks, against conventional wisdom, far outperformed the people that bought the 'safer' fractional gold. (I experienced this firsthand because I owned both at the time)

Now we have six years of history to look at. These same naysayers will never admit that they were wrong in the past and will continue to boldly claim that the Goldback is a poor investment despite the hard evidence in the current track record that demonstrates otherwise.

The Goldback has massively outperformed 1/10th ounce American Gold Eagles as an investment over the last six years.