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Goldback company online
How cool is this? A company is manufacturing currency notes containing real gold, in the denominations of 1, 5, 10, 25, and 50 Goldbacks.
The 1 Goldback note is currently being sold for around $6. It contains 1/1000 ounce of gold, worth about $2.34 with today's price of gold (Kitco).
The website shows where you can buy them and who accepts them as currency. Very limited if you don't live in Utah! The states that currently have businesses that accept them are Utah, Nevada, New Hampshire, South Dakota, and Wyoming. Utah appears to currently be the most active in buying and selling:
Utah Businesses that accept holdbacks
Some big name bullion distributors are listed as selling Goldbacks, including JM Bullion, APMEX, and SD Bullion. JM Bullion sells the 1 Goldback note for $6.35 (if you buy enough), not a good buy for 1/1000 oz (troy!) of gold if you're only buying it for a short term investment. But next week I'll buy some for its 1) novelty value, 2) cool factor), 3) support for an alternate currency, and 4) as a gift for a few lucky family members.
JM Bullion selling Goldbacks
APMEX YouTube video:
Gold is Money: Goldbacks are Bringing Back as currency
How cool is this? A company is manufacturing currency notes containing real gold, in the denominations of 1, 5, 10, 25, and 50 Goldbacks.
The 1 Goldback note is currently being sold for around $6. It contains 1/1000 ounce of gold, worth about $2.34 with today's price of gold (Kitco).
The website shows where you can buy them and who accepts them as currency. Very limited if you don't live in Utah! The states that currently have businesses that accept them are Utah, Nevada, New Hampshire, South Dakota, and Wyoming. Utah appears to currently be the most active in buying and selling:
Utah Businesses that accept holdbacks
Some big name bullion distributors are listed as selling Goldbacks, including JM Bullion, APMEX, and SD Bullion. JM Bullion sells the 1 Goldback note for $6.35 (if you buy enough), not a good buy for 1/1000 oz (troy!) of gold if you're only buying it for a short term investment. But next week I'll buy some for its 1) novelty value, 2) cool factor), 3) support for an alternate currency, and 4) as a gift for a few lucky family members.
JM Bullion selling Goldbacks
APMEX YouTube video:
Gold is Money: Goldbacks are Bringing Back as currency