The Goal: 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; and a Fifty Goldback contains 50 times that, 1/20th of an oz.
In August, 2019, the first Goldbacks were released, the ‘One’ and ‘Five’ of the 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.
Some people feel like there may come a day when regular fiat currency will no longer retain much value due to some economic, political, or natural disaster. Over the past century hundreds of fiat currencies have had their values wiped out. For this reason, many people hold some amount of gold and silver. However, it may be difficult to spend a theoretical $1,500 gold coin or even an $80 silver coin for the purchase of toilet paper if an EMP blast wipes out the power grid for several months. It makes sense to keep a portion of this hedge in Goldbacks.
Many businesses in Utah have come together to accept Goldback as legal tender. They even did an experiment and took them to Oregon where business owners also accepted them. We believe this is just the beginning of silver and gold being recognized as acceptable payment methods.
Goldbacks have a colorized front and a negative looking back. This negative look is part of their anti-counterfeiting technology, and at the time of this writing there have been no known counterfeit Goldbacks.
*Due to the high volume of Goldback orders, please be advised that orders containing Goldbacks may experience a delay of 2-4 weeks before they are shipped. We apologize for any inconvenience this may cause and appreciate your patience as we work to fulfill all orders as quickly as possible. Please note that this delay only applies to orders containing Goldbacks. Thank you for your understanding.*