1 Utah Goldback

Gold (Au) - Goldbacks

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Goldbacks - 24 karat gold foil notes in various denominations

 

Goldback Inc. has been making 24 karat gold foil notes since 2019. It's an ingenious solution to an age old problem. Gold has been used as money for thousands of years. It is well suited to be used as money and checks all of the required boxes (it's divisible, portable, acceptable, scarce, durable, and of stable value). The only problem is that it is too valuable for smaller purchases. How can you trade gold for everyday purchases like groceries, gas, a burger, a beer, or a haircut? One gram gold bars and coins exist but they are already quite tiny and are currently worth around $100/each. In gold rush days, a "pinch" of gold dust was used to purchase everyday items but was imprecise and fat-fingered "pinchers" were often employed by merchants as another means to extort the miners. Plain paper money has been used for generations and is much easier to exchange than physical metal. The only potential problem is since we went off the gold standard in 1971, paper money is inherently worthless (only its backing by the US government confers value). As our debt continues to spiral out of control, inflation is taming but still problematic, congress seemingly has no intention to balance our budget, and with the Fed always ready and willing to crank the money printers up for the next crisis, that potential problem becomes more and more real. Another potential payment option for everyday items is silver of course, and silver coins could bridge this gap if the merchant were willing to barter. But if you wanted to use gold, appreciate the convenience of paper money, and subdividing a 1 gram gold coin or bar precisely isn't in your wheelhouse, then Goldbacks are the best solution.

The 1 Goldback notes each contain precisely 1/1000 of a troy ounce of 24k gold, the 10 Goldback notes each contain precisely 1/100th of a troy ounce of 24k gold, and the 50 Goldback notes each contain precisely 1/20th of a troy ounce of 24k gold. They also produce 5 and 25 Goldback denominations, but we've decided to just carry the 1, 10, and 50 denominations for now. These notes are fungible, so we've priced them accordingly with the 1 Goldback note priced at 1/10th the cost of the 10 Goldback note and 1/50th the cost of the 50 Goldback note, as they were intended.

Currently 5 of these United States have their own Goldback series and each of these states have hundreds of businesses that currently accept Goldbacks as payment in full. These businesses are listed on the website link below as is the current average Goldback exchange rate. These gold foil notes are stunning with beautiful and intricate details specific to each state series and denomination. Each one is an incredible work of art in its own right, well worth collecting for that reason alone. They also incorporate images, words, and rich symbolism that harken back to the days when patriots founded our country. Hopefully they help rekindle or strengthen senses of pride and liberty in those of us who still love America. More information is available on the Goldback website at the first link below. The company has supplied a very cute and also somewhat quirky video that has more information, just click the second link below.

Domestic shipping is free for all orders over $99 (but you must enter code free shipping at checkout). For orders of $99 or under, domestic shipping is $9.95. International shipping is via DHL, FedEx, or USPS international express and costs $45 for shipments up to one pound and $10 for each additional pound. International customers please be aware that your country may levy import duties and/or VAT taxes on your purchase from us. We have nothing to do with this and cannot pay it for you. If you refuse our package because of this extra cost we will take it back and will refund your order in full once received minus the cost of the return shipping. If you are unsure what these import costs will be please check with your country's customs office. If you are not completely satisfied with any purchase from us, you have 30 days to return undamaged merchandise for a full refund (buyer to pay return shipping).

 

https://www.goldback.com/

https://youtu.be/5EyhrnDMYIc?si=azk0S4JPlgdqz2tR


 

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