One Goldback: $3.22
See “Exchange Rate” for more details.
The Goldback project truly began in spirit with the passage of the Utah Legal Tender Act in 2011 which recognized certain types of Gold as currency within the state. Since that time the technology to mint gold into a spendable form for small transactions has come to fruition. Goldbacks may be used almost anywhere in the world for barter transactions. Goldback Inc. is using cutting edge vacuum deposition technology to circulate gold as it never has before. A more complete history of the Goldback can be found here:
We are working to make it possible for an anyone to have a choice on whether or not they want their regular spending money to be subject to inflation. The Goldback is meant to be the best physical complementary currency for retaining value. Our goal is for people to be able to pay for anything with the Goldback whether it is a new home or a lemonade. Each Goldback is at least valued at the current rate on Goldback.com by businesses. You can purchase the Goldback by following this guide.
The Utah series was the first Goldback series available in 2019. Nevada and New Hampshire are scheduled to be done in 2020. There are many projects in the works. Goldbacks may be used anywhere people chose to accept gold.
If nothing else Covid-19 showed just how unprepared many people were for a disruptive event. It pays to prepare for a crisis in advance and to try to be at least a little bit ready for whatever that crisis ends up being.
Over half of all Goldbacks produced are of the ‘one’ denomination.
Our team has been working in the precious metals industry since our General Counsel, Lawrence Hilton, authored and championed the passage of the Utah Legal Tender Act in 2011. The Utah Precious Metals Association formed in 2012 from the “Citizens for Sound Money” and began offering legal tender gold accounts that same year. We have been innovating in the space ever since.
Acceptance rate for Goldbacks at small businesses that take cash payments when speaking to the business owner.