Goldbacks - What are they?
Goldbacks are a revolutionary form of fractional gold currency made in the USA. Designed to bring gold into everyday commerce and spending. Unlike traditional gold coins, they are thin, flexible notes that are easily divisible and spendable in set small increments. Each note physically contains an exact amount 24-karat gold which have been vacuum-deposited between protective polymer layers for added protection and finalised with a range of beautiful artworks that represent various virtues and iconography from their respective states of issue.
What are the benefits?
It is no secret that our current fiat based currencies are inherently unsustainable, backed by nothing but promises and easily inflated or manipulated.
Precious metals like Gold and Silver have always been a tried and true method to protect your wealth against this. A physical, tangible and finite asset will always tend to retain its value and demand.
A part of the problem with rampant currency inflation is that precious metals are always going to trend upward in price. This makes them hard to consistently spend day-to-day. This is where the Goldback comes in, described as a "Hyper-Fractional" investment the Goldback is the ideal alternative for daily spending as it is broken down into different divisible valued "notes". This process is made even easier with the current exchange rate always available on Goldbacks website as well as a list of all organisations that accept the Goldback as legitimate payment.
Goldbacks in the UK
Unlike the USA where Goldback recognition is ever growing and they are accepted in more and more places as legitimate tender with genuine State recognition, the UK is largely unaware of the concept of Goldbacks and their subsequent benefits.
While there are a handful of businesses (Like us!) and independent tradesmen that will accept the Goldback for services in the UK, spending is not the current primary reason to stack them in the UK.
Goldbacks represent the perfect budget friendly way to get into precious metal investing in the UK, with the lowest Goldback denominations starting from less than £5! Goldbacks are ideal for those looking to get into precious metals without breaking the bank, as well as for seasoned stackers to diversify their portfolio with some aesthetically pleasing hyper-fractional gold!