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The Goldback Growth Story
In total between 2019 and 2023, Goldback produced over $100 million worth of Goldbacks. Since our inception, we’ve made significant strides: Starting In 2019, we exchanged just over $300,000 worth of Goldbacks. In 2023, over $34 million were exchanged!
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Disconnect your money from inflation
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. -
Currency that’s complementary
Each Goldback One has 1/1000th
of a troy ounce of gold, safely
laminated between durable
polymer sheets. We’ve created
a system with 1’s, 5’s, 10’s, 25’s,
and 50’s. So, a Goldback 5 has
five times more gold (1/200th
of a troy ounce), and a fifty has
50 times more (1/20th of a troy
ounce).
Frequently Asked Questions
WHAT IS 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 oz of 24k gold, we 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. We are a group of passionate explorers who connect gold with extremely recent manufacturing technologies to make an inflation-resistant currency for the future. We are precious metal enthusiasts, history buffs, and pickleball players, of course.
Our company is headquartered in Alpine, UT, with outposts and employees across the country.
DOES GOLDBACK INC. SELL GOLDBACKS?
We are a wholesaler. Goldback partners with reputable precious metal exchanges, GoldATMs, and online distributors to ensure the 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.
DO GOLDBACKS CONTAIN REAL GOLD?
Yes. Goldbacks contain real 24k gold. Each Goldback states how many troy ounces of gold it contains and is verified internally at Goldback Inc. with every new batch, as well as by 3rd party individuals.
IS GOLDBACK LEGAL?
Yes. Goldback is designed to be a legal, local currency within regions where a series exists. Currently, we have 5 series: Nevada, New Hampshire, South Dakota,
Wyoming, and Utah. They can also be used outside of the regions where gold is
accepted.
WHAT CAN I DO WITH GOLDBACKS?
Because we used gold as a base for our 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?
GB’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 cost whenever raw resources are used to create something new. It requires specialized labor to split an ounce of gold into a thousand individual
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.