Since April, the team has been working on something truly revolutionary. The mission of the United Precious Metals Association is to promote the use and circulation of sound money. In order to accomplish this, the volunteer UPMA Board of Directors has scrutinized and approved the adoption of a new (Utah) Legal Tender gold product. The Goldback will be available to all UPMA members online.

The Utah Goldback is a voluntary local currency in the state of Utah. While it is intended for circulation within the State, it may be owned by anyone. The Utah Goldback is the first gold product in human history capable of buying basic items such as a single loaf of bread, a gallon of milk, or a dozen eggs. Each Goldback is an absolute work of art and is crafted in increments of 1/1000th of an ounce of pure gold. The artwork on each denomination features a depiction of one of the lady virtues highlighted during one of several distinct periods of time in Utah. There are several Goldback denominations currently ranging in value from $2.50 to $125 including a 1, 5, 10, 25, and 50. The Goldback denominations are inter-changeable, so one 50 Goldback can be exchanged for fifty 1s and vise versa.

Only some of the 1s and 5s have been produced so far. The rest will be completed between now and the beginning of October. We anticipate Goldback accounts being available on UPMA.org by the end of September but pre-orders can be made as of July 24th. Anyone that comes to the office in Alpine or finds us at an event may purchase up to $100 worth of Goldbacks during the pre-launch period. Pre-Orders for over $100 can be made through the UPMA and should be available for pick-up by October. We will publish a list of events where the Utah Goldback will be sold soon. More information about the Goldback may be found on Utahgoldback.com. The website is under construction until mid-August so there is only a simple place-holder until then. See the Youtube Teaser here: