Greetings,
There is something I had never heard about, before coming to the SilverGolsStackers community : Goldbacks.
So I went to have some more information about it, it's a currency, backed by gold, the goal is to counter the inflation of the existing currencies.
They print notes, and integrate a quantity of gold that will give the value to the note.
There is a number printed on the note, corresponding to its gold weight.
The increment is by 1/1000th of a troy ounce of 24 Karat gold.
So, on the image shown here, we got a Goldback of 45, which has 45/1000th of a troy ounce of 24 Karat gold.
The value, at this time, is about 5.61 USD for 1 GoldBack, noted 1GB, like shown here under, where I calculated my account value in GB:
Source: https://www.goldback.com/calculator
They have several series, depending on the states they are used, they consider those GoldBacks as local currency.
Normally, they should keep their value as the gold remains in them, no matter where you hold them.
I suppose they made local currencies so they can count as money instead of gold investments, with some "insurance" for merchants accepting those notes?
I have absolutely no idea where to find them except from friends of SGS, if you have addresses in Europe, it would save me a lot of sending costs :)
Have a nice day, and "Cyall Soon" :)
| O.J. | Towards Financial Freedom! |
|---|---|
 @independance is my path to financial freedom, via precious metal stacking. I try to achieve this to bring a heritage for my family. I'll post about my progress as well as anecdotes. |
See you all Soon.
