Goldbacks – W.G Bourne Wodev

Goldbacks: Real Money

24k Gold Innovation

Unlike fiat currencies, Goldbacks are not paper. Each is created by atomizing 24k gold. A vacuum deposition process is then employed to encase the microscopic gold particles within the polymer layers containing the artwork. The amount of gold deposited is precisely controlled to ensure that each Goldback contains the quantity of gold stated on its face, which is a multiple of 1/1000th of a troy ounce of 24k gold. That is, a “1” Goldback contains 1x.001 of an ounce, a “5” Goldback contains 5 x .001 ounce, “10” contains 10 x .001 ounce, etc. Similarly, all “1” Goldbacks share the same dimensions, all “5” Goldbacks share the same dimensions, all “10’s” have the same dimensions, etc.

Meant To Be Spent

These revolutionary gold instruments are denominated, fungible, portable, uniquely recognizable, and uniform. In this way, they are convenient to handle and combine as needed to be used in trade for day-to-day products and services. In this way, Goldbacks are the ideal solution for conducting private, everyday transactions. In fact, thousands of local merchants all across American now prefer Goldbacks over fiat currencies.

Unprecedented Anti-Counterfeiting Measures

To prevent counterfeiting, each Goldback not only contains intricate artwork, the patent number, and a unique serial number, but high-tech microscopic and macroscopic security features are employed as well. These features include a double helix, a raised, reversed image on the back, and microscopic patterns around the artwork. These features ensure that they won’t join the financial contagion of counterfeit “gold” coins and bars that have flooded the market in recent years.

High Numismatic Collectible Value

Goldbacks are not only a reliable store of wealth and a protection against inflation, but they are also 24k works of gold art, causing them to quickly catch the attention of collectors. In fact, when the value of their minting dates are compared with the value of the minting dates of gold coins and bars, it can be readily seen that Goldbacks are appreciating at a much faster rate than legacy money.

Goldback Truth Vs. Fiction

Myth #1: Goldbacks aren’t real gold.

Fact: Every Goldback contains precisely measured 24-karat gold—permanently encased in layers of protective polymer. They also carry advanced security features, ensuring that each one holds real gold. They are not gold foil or gold plated.

Myth #2: Goldbacks are illegal.

Fact: Goldbacks are completely legal. They function as a voluntary medium of exchange—just like cryptocurrencies or barter goods. Goldbacks also may serve as a currency within certain jurisdictions where authorized by law. Moreover, pursuant to the Uniform Commercial Code- a state-level law that was passed by every state- every Goldback is a negotiable instrument; meaning that it can be redeemed for United States-minted gold coins.

Myth #3: Goldbacks are unnecessary because gold coins already exist.

Fact: Gold coins are great for investment but they aren’t practical for small transactions. Even the smallest minted gold coin is already too expensive to use for buying a bag of groceries. Whereas not having the ability to make change has kept people from offering their gold coins and bars as payment for everyday products and services, Goldbacks were specifically designed to enable the trade between the buyer and seller to be fair and practical.

Myth #4: Goldbacks have a higher premium than necessary.

Fact: Goldbacks are valued higher than legacy gold products because they have far more utility intentionally built into them. Gold by itself can’t be used as a circulating currency. It needs the anti-counterfeiting measures, the precise denominations, and the patented technology that makes it fractional and spendable. Goldbacks are the cheapest transactional gold product that can be owned and circulated in such tiny, verifiable, secure amounts.

Myth #5: You can find fake Goldbacks on Alibaba.

Fact: The manufacture of Goldbacks requires millions of dollars in high-tech equipment and detailed management of the process. These requirements, alone, create a huge difference between the Goldback process and that used to create novelty items- such as the Trump coin- that are offered to collectors. Yet the equipment and manufacturing knowledge are just the beginning. A counterfeiter must procure the patent, obtain copies of the intricate artwork, know how to implement the mathematical formulas and patterns, and be able to reproduce all of the anti-counterfeiting measures, which are continually being increased in number, sophistication and complexity. These measures have prevented anything from being created that even vaguely resembles a Goldback.