#goldbacks #gold #goldfoil
@GoldbackInc @valauruminc.5113 @markvoelker6620
The Goldback is a family of local currencies marketed in five U.S. states and launched by Goldback, Inc. in Utah in 2019. Goldbacks contain a thin layer of gold within a polymer coating.
Goldbacks are shaped like regular currency notes but contain 24K gold. The gold is contained between two layers of clear polyester, which add artistic elements to the fractional gold bullion they contain.
The term "Goldback" refers to each unit of the currency and is 1/1000 of an ounce of pure gold.
The Goldbacks are issued in "denominations" of 1, 5, 10, 25, and 50, each containing proportionally larger amounts of gold.
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