Goldbacks are backed by real gold that is in them when they are made.
Goldbacks are from Goldback Inc, goldback.com.
Their goal:
To promote the use of inflation proof currency to protect the spending power of families and individuals at any income level.
One Goldback contains 1/1,000th of an oz of 24 karat gold. Our Fifty Goldback contains 50 times that, 1/20th of an oz.
So the Goldbacks contains amounts of pure 24 karat gold backing them in physical form by gold while being in a counter proof form and as a voluntary local currency.
The Goldback® is the world’s first physical, interchangeable, gold money, that is designed to accommodate even small transactions . . .
They are currently in numerous states, Nevada, New Hampshire, Utah, and Wyoming as of last year. While new states may be sponsored.
They currently have an exchange rate (value) of $4.00. Issued in ‘One’, ‘Five’, 10, 25, and 50. As denominations of 1/1000ths of 24 karat gold notes.
They are made by carefully and systematically bombarding a polymer with atomized gold particles in a vacuum chamber sealed inside a second polymer.
They may be purchased through numerous distributors.
Thinking about offering them for crypto like Hive and others. Initially to sell them for double face value. Half to pay for the Goldback and half to be rewarded in a token from @goldcoins . This would make purchasers into investors. With the idea of the token absorbing the cost of shipping over time. Enabling purchasers to buy the Goldbacks at face value. There would be risk of shipping costs to some degree. This could be partially off-set from upvotes. Therefore anyone upvoting posts of this Goldback service would add value to the token. More of this may be thought about and planned over time. Maybe have giveaways, or other incentives as seen fit with how value flows in and through this developing concept of offering Goldbacks for crypto with a token in line with the service.
Comment what you think about the Goldbacks and possibly the before mentioned idea if interested. Feel free to check out their website to learn more.
