What are Goldbacks?
To promote the use of inflation proof currency to protect the spending power of families and individuals at any income level. For the first time individuals can spend physical gold on small items like a smoothie, or large purchases like a home remodel.
The Goldback solves the 2,600 year “small coin problem” by allowing physical gold to be used for any size transaction. One Goldback contains 1/1,000th of an oz of 24 karat gold. Our Fifty Goldback contains 50 times that, 1/20th of an oz.
In August 2019 the first Goldbacks was released to the public. The ‘One’ and ‘Five’ of our Utah Series, with the 10, 25, and 50 denominations following by year-end.
Producing the Goldback relies on 5th generation vacuum deposition technology. Designs are printed on a sheet of polymer that is then bombarded with the precise amount of atomized gold particles in a vacuum chamber. This 24-karat gold is then sealed inside by a second protective barrier of polymer, creating a beautiful textured negative image.
Goldbacks are the world’s first physical, interchangeable, gold currency, that can be used as real money from small to large transactions. Both Investors and Collectors buy Goldbacks because they are spendable, physical 24k gold bills, each with beautifully unique designs, available in five denominations.
As the first local, voluntary currency Utah Goldbacks were a huge success, with hundreds of stores accepting Goldbacks for goods and services. The Nevada Goldbacks, New Hampshire Goldbacks, and Wyoming were the next releases in the United States series, with many new States adopting the Goldback standard.
The History Of Goldbacks
2019
- Company launched
- Utah Goldback Series released
- 500,000 Goldbacks produced
2020
- New Nevada and New Hampshire Goldback Series released
- Goldback Wallet available
- 1.6 Million Goldbacks produced
2021
- 6 Million Goldbacks produced
- Over 450,000 People own at least one Goldback
2022
- 1 Million Goldbacks sold in March
- New Wyoming Goldback Series in production
Why Add Goldbacks to Your Collection?
First, Goldbacks are affordable. With the 1/1000th of ounce starting under $4 anyone can afford gold now. They can be traded for goods and service. We like to call it preppers gold. With everything looking to go digital, including money its good to know we the people still have a choice. With Goldbacks you have physical gold that you can hold, own, and trade if the need arrives. Gold and silver puts power back in the hands of we the people. Who knows, maybe one day all states will go back and adopt the gold standard once again.