Are you a fan of gold as a precious metal and a tangible asset, but wish it was easier to carry around and use in everyday transactions? Gold notes are the answer, and aside from featuring designs that are absolute works of American art, they contain .9999 pure gold in every bill.
Gold notes are made by taking a specific amount of .9999 gold – 1/1000 Troy oz, 1/200 Troy oz, 1/100 Troy oz, 1/40 Troy oz, or 1/20 Troy oz – and pressing it between two durable clear polyester film shells to close it. With the gold secured, the gold note can be folded up, rolled, or stacked just like you would do with a dollar bill.
While not legal tender with a face value assigned by the United States government, several states have approved the usage of gold notes for bartering and similar transactional purposes. In a study conducted to determine how popular and accepted gold notes are, about 50 percent of small business owners said they would accept them as payment. There certainly are not many ways to pay that are more eye-catching or noteworthy than handing a person a stack of gold notes!
The monetary value that a gold note has is determined by the moment-to-moment market value, just like any other form of gold bullion. That means that making a purchase of a gold note today has the potential to be a solid investment, particularly as some assets such as paper cash decline in value.
Along with being easy-to-use artistic masterpieces made with pure gold, gold notes are durable and made with state-of-the-art security features that make them difficult to counterfeit. The protective polyester coating will keep the gold and the design intact, making gold notes significantly more lasting than paper dollars.
Of the various gold notes available, GoldBacks deserve a special mention for their unique designs. Each GoldBack features a depiction of a historic scene or mythic figure based in its associated state. As both pieces of pure gold and American lore, GoldBacks are quickly gaining popularity (especially as more and more states authorize their usage for bartering).
If you aren’t sure whether or not your state accepts gold notes for bartering, feel free to give us a call and we’ll be happy to help answer your questions.
According to the inventors of goldbacks, they are:
the world’s first physical, interchangeable, gold money, that is designed to accommodate even small transactions.
Honestly, that definition doesn’t do them justice. Here at BullionMax, we think goldbacks are:
the newest and most exciting way to acquire real, physical gold in a form that’s convenient for everyday use.