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You asked, so here it is — bundles of 100 Utah 1 Goldback notes!
The Utah Goldback is the perfect fusion of real, physical gold in a form that’s convenient for everyday use. These 1/1000th oz UT Goldback bills are priced within everyone’s budget – how often can you buy real gold bullion for less than the price of a fast-food lunch?
Every Goldback is denominated in 1/1000th troy oz of gold (so this 1 Goldback has one milli-ounce, or 1/1000th troy oz, of physical gold at its core). Goldbacks are currently minted in denominations of 1, 5, 10, 25 and 50 – and it’s easy to tell them apart! Sensibly, larger denomination bills are physically larger, as well. That’s not just good design, it’s also an inherent part of the minting process. Here’s why:
The Goldback is created by latest-generation technology by Valaurum. Essentially, the process involves vacuum-depositing a precisely-measured quantity of atomized gold particles onto a thin, decorated sheet of polymer. The resulting note is then sealed by a second protective polymer barrier. The result is a surprisingly tough and durable note, almost paper-thin, containing a precisely-measured quantity of physical, 0.999 fine gold. And obviously, the easiest way to get more gold into the Goldback is to simply make it larger. Thus, the high-denomination Goldback bills are bigger than smaller denominations, like so:
Every 1 Utah Goldback is more than just a beautifully distinctive form of gold – it’s probably the most transaction-friendly gold you’ll find. (Note this is not “legal tender” – instead, it’s an “experimental sound money project within the states that authorize its use as such” including Utah, as its inventors say.) Having said that, Goldbacks are suitable for barter anywhere. Imagine offering to pay your dog-walker or neighborhood handyman in Goldbacks rather than dollars – do you think they’d say yes? According to research done by the Goldback team, nearly 50% of small businesses are delighted to accept payment in Goldbacks.
We could be looking at nothing less than the future of sound money…
All in all, we couldn’t be more excited to offer the first-ever genuine Utah gold-backed bill to discerning BullionMax shoppers. A word of warning, though – Goldbacks sell out fast! Ever since their first Kickstarter campaign went bananas and crushed its funding goals, Goldbacks have been thin on the ground, out of stock just about everywhere.
So if you want real gold that’s affordable, easy to spend or barter, better get yours fast!
1 Utah Goldback 1/1000 oz gold note highlights:
The 1 Goldback denomination’s Utah design features the virtue Prudentiae. Here’s a tour of the design, straight from the horse’s mouth:
The virtue Prudentiae, or Prudence, is featured here as a Native American woman, having many items and attributes traditionally attributed to coming from each of the five most prominent Native American tribes in Utah, namely: the Ute, Paiute, Goshute, Shoshone, and the Navajo. Prudence is seated on a sandstone rock next to an ancient bristlecone pine tree (one of the longest lived trees in the world), nodding to the throne that Prudence is traditionally seated upon, an elevated status as a virtue from which many virtues claim their origin, and the wisdom learned through the ages.
She is gazing into a mirror held in one hand, symbolizing perspective, learning from experience and using hindsight. On her other wrist is a copper bracelet in the form of a snake, representing the struggle of trials as well as using wisdom to make choices. At her feet is a chipmunk, suggesting the preparations that they make each year ahead of winter as a symbol of prudence through preparedness. The wolf is next to her, calling out to all who listen to use prudence, and how the use of gold is a keystone to an economy, just how the wolves of yellowstone are keystone predators, and the removal of either has shown a deterioration of their surroundings. The footing: “Deal Prudently” can also be found in the bottom right corner of the artwork. Finally, in the background Bryce Canyon National Park’s Natural Bridge formation is shown with Canada geese flying in formation.
We love gold coins, but when it comes to spending them, well, it’s easier said than done. Even smaller fractional gold coins just aren’t suitable for regular, everyday purchases. Economists call this the “small coin problem,” and it’s plagued currencies throughout history. (Fun fact: in jolly olde medieval England, beer was so cheap there were no coins small enough to pay for a pint – instead, drinkers used wooden tokens to track their progress toward a quarter-penny’s-worth of beer…)
Fortunately, some very smart folks saw the challenges that prevent wider adoption of actually using physical gold for everyday transactions, and they solved it by inventing the Goldback.
Here’s what its inventors have to say about it:
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