What is a Goldback? It’s physical gold! Using patented technology, each Goldback one contains 1/1000th of a troy ounce of 24k gold, laminated between two durable polymer sheets. It’s flexible. It’s real. It’s protected by numerous anti-counterfeiting measures. It’s a currency! Based on the weight and value of 1/1000th troy ounce of 24k gold, Goldbacks has created an interchangeable, fungible currency system of 1’s, 5’s, 10’s, 25’s and 50’s. For example, a Goldback 5 contains 5x more gold than a 1, or 1/200th of a troy ounce of gold. A fifty contains 50 times more, or 1/20th of a troy oz. of gold. It’s inflation-resistant. Exchanging your wealth into Goldback currency connects your wealth to the spot price of physical gold. It protects it from the devaluation that affects other currencies. Who is Goldback, Inc.? Goldback Inc. is the inventor of Goldback. They are a group of passionate explorers who connect gold with extremely recent manufacturing technologies to make an inflation-resistant currency for the future. They are precious metal enthusiasts, history buffs, and pickleball players, of course. The company is headquartered in Alpine, UT, with outposts and employees across the country. Does Goldback Inc. Sell Goldbacks? Goldback partners with reputable precious metal exchanges, GoldATMS, and online distributors like BE READY Academy to ensure widespread availability and accessibility of the currency. Through these partnerships, individuals and businesses can easily obtain and use Goldback for their financial transactions, empowering them to protect and grow their wealth with confidence. Is Goldback Legal? Yes, Goldback is designed to be legal, local currency within regions where a series exists. Currently, there are five series: Nevada, New Hampshire, South Dakota, Wyoming, and Utah. They can also be used outside of the regions where gold is accepted. Where can Goldbacks be used? Utilize a growing network of over 2,000 businesses across America where you can use Goldbacks for everyday purchases, from groceries to construction materials, to body armor. People also trade with Goldbacks in other states and in other parts of the world. What can I do with Goldbacks? Because gold is used as a base for the currency, it behaves differently than other currencies. Goldbacks do three things very well: Protect: By exchanging your wealth into Goldbacks, you are shielding it from the devaluation common among other currencies. Your wealth is protected by the stability and appreciation of Gold. Grow: Watch your assets appreciate as gold prices rise. The value of Goldbacks has doubled since 2019. Spend: Goldbacks were created and designed to be used in everyday transactions to pay for goods and services. Can Goldbacks be Counterfeited? Due to their highly secure design and the proprietary method of vacuum deposition used in the manufacturing process, Goldbacks are one of the safest ways to purchase authentic 24k gold. Each Goldback is also protected by numerous anti-counterfeiting features including a serial number and reverse image proof. Why is there a premium on Goldbacks? Goldback's utility as a verifiable currency and as a hyper-fractionalized form of gold increases its value to more than just the weight of gold it contains. There is always a manufacturing costs whenever raw resources are used to create something new. It requires specialized labor to split an ounce of gold into a thousand individuals serialized pieces. Can you melt down a Goldback? Yes, but we don't recommend doing so without using the proper required temperatures, specialized tools (e.g. graphite crucible, etc.) and taking the appropriate safety precautions. Also, destroying the Goldback in this way would cause its utility value to be lost. How Durable/Fragile are Goldbacks and do they wear out? Goldbacks are far more resilient than traditional currencies. They can be bent, but are very tear-resistant. If a Goldback starts to look worn from extensive use and circulation, it can be exchanged for a new one under most conditions. |