8 March 2024
The company Goldback is pioneering a novel approach to currency by introducing gold-made money intended for everyday transactions, such as grocery shopping or dining out. This innovative form of local, voluntary currency aims to integrate gold into daily commerce, enabling businesses that opt-in to accept gold as a valid form of payment. Each Goldback note represents 1/1000th of an ounce of gold, providing a tangible entry point into the precious metals market for those previously unfamiliar with gold investment. Although not recognized as official U.S. tender, in states like Nevada where gold payments are legally permissible, Goldback offers an intriguing alternative for both consumers and businesses keen on incorporating gold into their financial transactions.