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The Goldback is the world’s first voluntary, spendable, interchangeable, small denomination, physical gold.
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The technology to mint gold into a spendable form for small transactions has come to fruition. Goldbacks may be used almost anywhere in the world for barter transactions. The Goldback utilizes cutting-edge vacuum deposition technology to create form of gold that can circulate perhaps more easily than ever.
Many believe there may come a day when America's fiat currency (the Federal Reserve note) will hold little value due to economic or political developments -- or even a natural disaster. Over the past century, hundreds of fiat currencies have gone to zero. The risk of devaluation is one reason why it's prudent to hold some physical gold and silver.
However, in a severe crisis, it may be difficult to spend, say, a $3,000 gold coin or even an $80 silver coin for the purchase of everyday goods and services. That's one situation when Goldbacks could come in especially handy.
The first Goldback series was Utah, originally released in 2019. Nevada was released in 2020, New Hampshire in 2021, and Wyoming in 2022. Goldbacks bearing the names of other states are also planned. To be clear, Goldbacks are not issued by any government -- they are strictly private. However, like other forms of gold, they can be used in voluntary transactions.
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