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Your Source for Goldbacks
Goldbacks are thin flexible rectangular gold coins that can serve as a voluntary local means of exchange. Goldback Inc in 2019 designed and developed the first series of Goldbacks, the Utah series, in denominations of 1, 5, 10, 25, and 50. The company has since added the the Nevada and New Hampshire Goldback series, with more series planned in 2022.
24 Karat Gold
Each Goldback has thin layer of gold that is deposited under vacuum between two layers polymer film. The amount of 24 karat gold is written on the face of each Goldback. The One Goldback contains 1/1,000th of a Troy ounce of 24 karat gold. The Fifty Goldbacks denomination has 50 times more gold than the One Goldback, or 1/20th of an ounce of gold. So 20 Fifty Goldbacks stacked up, would contain a sum of 1 Troy ounce of 24 karat gold.
Asayo is an official Goldbacks Inc distributor and so we inventory and sell online the full line of Goldback Inc products, shipping worldwide.
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Each Goldback denomination has artwork and security features on the font polymer layer, along with a unique serial number. Security features include a non-repeating gold geometric pattern, unique to each Goldback denomination, which is visible at certain angles.
The polymer on the back of each Goldback has no ink, so the vacuum deposited gold is clearly visible as a mirror image of the font side's features. The deposited gold also has a raised texture unique to the proprietary manufacturing process.
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Goldbacks are Fungible
An item is fungible when it is mutually interchangeable with items of equal part or quantity. For example oil contracts are fungible. Two contracts for 1,000 barrels of oil each, are equivalent to one contract for 2,000 barrels of the same oil. The barrels of oil are fungible. So too are Goldbacks.
Two Five Goldbacks are equivalent to one Ten Goldbacks. Two Ten Goldbacks plus a Five Goldbacks are equivalent to one Twenty-Five Goldbacks.
Our Goldbacks pricing is fungible, so whether you are buying a total of 15 or 215 Goldbacks from us, you know the price will be 15 or 215 times our current rate. Our current Goldback rate changes daily in relation to the market demand for Goldbacks and the price of spot gold.
The Value of Goldbacks
Store of Value
Since each Goldback contains a set amount of 24 karat gold, they are inherently a store of value, and may be more immune to the affects of inflation, whereas fiat paper is directly devalued by inflation.
A growing number of innovative businesses accept Goldbacks for their goods and services. From hardware stores, to restaurants, repair shops, insurance companies, accounting firms, tire stores, you name it, there is likely a business that will accept Goldbacks. Goldback Inc lists on their website businesses that accept Goldbacks . . .
Whether for family, friends, or employees, Goldbacks make great gifts and incentives. Who do you know that would enjoy getting Goldbacks, or better yet, earning them?
Purchase Goldbacks to grant to your children as their allowance. Goldbacks will help your kids learn the difference between fiat paper, which loses value during inflation, and gold-backed Goldbacks, which are more likely to maintain their value during inflation.
Goldbacks are great for collecting. Today there are 5 denominations, three series, and Goldbacks are dated with the year of their manufacturer.
Last but not least, as a local means of exchange when the Excrement Strikes The Rotating Blades (ESTRB).
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"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value."
— Alan Greenspan
"To preserve our independence, we must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude."
— Thomas Jefferson
"To contract new debts is not the way
— George Washington
"When a country has cancer,