Utah Goldbacks is the first local, voluntary currency made of dependable, physical 24k gold,
in gold notes of 1, 5, 10, 25, and 50 denominations.
First 24k Gold Currency The Utah
Goldback is the first local, voluntary currency to be made of a
spendable, beautiful, physical 24k gold, available in gold notes of 1,
5, 10, 25, and 50 denominations. Unlike most gold products
like coins, the Goldback is designed to be used as a currency with
interchangeable denominations rather than varying premiums based on gold
content. For example, the American Eagle gold coins are not
interchangeable due the premiums placed on smaller denominations.
Case in point, ten 1/10th ounce American Eagles do not equal one
1-ounce American Eagle. Goldbacks, on the other hand, are
interchangeable. Fifty 1 Goldback equals a 50 Goldback.
Goldbacks was launched in Utah with the vision of re-introducing gold as
a form of daily spending in normal commerce. Today in Utah hundreds of
stores already accept Goldbacks for goods and services, and more and
more stores and people are adding themselves
to the growing network.
Transactional Gold Bills Goldbacks
theoretically could be spent, bartered with, and traded anywhere around
the world. They contain precise amounts of actual 24k gold which has and
remains liquid almost anywhere and has for at
least 2,600 years. It is widely known that major currencies today are
indeed “fiat” currencies with an ever-increasing supply made out of thin
air. The simple fact of the matter is that today’s fiat currencies are
designed to be debased. Each time dark
economic clouds gather; governments authorize the creation of money out
of thin air as seen with the current crisis.
Goldback Denominations Goldbacks use
proprietary technology to mint gold into usable forms for small to
large transactions. A 1 Goldback note is currently the world’s only true
way to own 1/1000th oz physical gold in a
single unit. 1,000 Goldbacks of any denomination add up to be one
ounce of gold. Each denomination carries the same premium as any other
making the Goldback a very useful currency tool.
Beautiful Unique Design Types Each
denomination has beautiful and unique designs which enhances desire of
ownership. In the early stages of distribution, the evidence shows that
currency collectors, coin collectors and others have
a high degree of interest and usually purchase quantities of each
denomination. I have advocated for decades that one of the best
investments one can make, is your education on the history of
money.
