I love the Goldback. Not just the physical bill but the idea of fractional, spendable gold and now that Goldbacks are available in two more states (Nevada & New Hampshire) I thought I would revisit these awesome notes.
I posted an intro to Goldbacks and the company that produces them (Valaurum) last summer and now that there are some new notes I'd thought I'd get you up to speed on the latest developments over at https://goldback.com/.
Leases
Looking for a relatively safe spot to park a minimum of $50,000 to earn 2.5% annually? How about a Goldback lease?
That's right, you can buy and lease Goldbacks to Goldback Inc. for the purpose of supplying their rotating inventory. Payment comes monthly and is paid in...Goldbacks! :D
You can choose to have these vaulted (free of charge), delivered to you, or cashed out at current market value and you do not need to be an accredited investor as the leases represents a physical product that you own and are leasing to Goldback Inc.
Risk
2.5% apr is not huge crypto style gains but it beats any bank investment product out there right now and is less risky in my opinion.
From the Goldback website:
Leased Goldbacks are insured at every step of production. The Goldbacks you lease to the Company are used as rotating inventory. You own your leased Goldbacks at all times, whether in transit or in production. Your Goldbacks are never pledged as collateral, or otherwise encumbered.
Minimum lease term is one year and will automatically renew or you can liquidate on 60 days notice.
I love Goldbacks and the idea of a voluntary currency made of physical gold, if I had the means I would probably park some scratch in a lease but until then, I will just pick up some of these awesome notes when I get the chance.
Glam Shots
I just received a few of the Nevada series...
