The Goldbacks: Exactly 1/1000th Troy Ounce of Gold in a Bill Form!
While browsing around APMEX I ran into these interesting micro gold bills. Apparently in Utah in 2011 a law was passed making certain small amounts of gold legal tender in the state. So an innovative company came up with a way to put exactly 1/1000th of a troy ounce of gold in between layers of durable polyester. They use a vacuum deposition system to make them (whatever that is) and are independently lab verified to be the exact amount stated. Essentially it's gold in a bill form, kind of a cool idea. I don't own any of these, but I just found it to be a very clever concept!
Images from APMEX
They have produced them for several states including Utah, Wyoming, Nevada and New Hampshire. They all have native American motif and are pretty cool to look at, plus they're gold. Not much gold, but they are gold. So when the apocalypse comes and zombies roam the streets you won't have to carry sacks of gold coins, you can pull out your wallet and pay for things with your goldbacks!
As cool as the concept is I'm not sure I'm going to buy into these, but you have to give them credit for innovation!
And my disclaimer: Gold and silver stacking can be a fun hobby but isn't for everyone. You can lose money. I'm not a financial advisor and this isn't financial advice, please always do your own research before spending your hard earned money.
References:
APMEX
https://www.apmex.com/product/204989/1-utah-goldback-aurum-gold-foil-note-24k
Goldback
https://www.goldback.com/
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One of these days, I will add to my dragon silver buck!!!
Sounds awesome!
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These are real interesting to me. I thought I saw where someone picked up a couple of these during their Vegas meetup a while back.
As long as there really is the right amount of gold the concept is really interesting the more I think about it.
I might keep my eye out for these.
I put the companies website in references, they may have a list of places that carry them.
I will check those out. Hoping AI can pick them up on the cheap at auction maybe. I have been doing pretty good lately at those.
I got a few of these and I think they so cool!
Are they real durable? I find the concept interesting because it makes sense to have gold in smaller quantities to use as actual cash.
I have no idea to the extent of these how they were field tested for durability as far as GoldBacks is concerned but I would agree that smaller denominations would be useful as alternative money. The artwork in each series are awesome and I wouldn't doubt very collectable by now.
I think they are more attractive than these Karatbars.
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It is a very interesting concept, I have several of these ,they're very cool!!😀
I definitely like the concept especially if the gold amount is correct. Much easier to carry around.
Very true, and it is spreading the word that precious metals are real money !😇😊
Finally some paper money with actual value!
Lol….. I never thought about that, absolutely true!😊
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I love goldbacks! I think they're super cool! I want to snag some South Dakota Silverback too!
The more I've thought about it today the more I like the concept. I'm going to have to pick some up!
They're really hard to come by in Canada
That's too bad, the more I think about it the more I like the idea of these things